---
schema_version: "secwatch.filing_event.v1"
accession: "0000723531-21-000031"
form_type: "8-K"
ticker: "PAYX"
cik: "0000723531"
company_name: "PAYCHEX INC"
filed_at: "2021-07-08T23:59:59+00:00"
generated_at: "2026-06-30T06:44:26.514208+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Paychex adds board member, authorizes $400M buyback, declares $0.66 dividend

## Summary
- Kevin A. Price appointed to Paychex Board of Directors, expanding board from 9 to 10 members, effective July 7, 2021.
- Board authorized a new $400 million stock repurchase program expiring January 31, 2024, in addition to existing program.
- Quarterly dividend of $0.66 per share declared, payable August 26, 2021 to shareholders of record August 2, 2021.
- Mr. Price is founder and president of PartsScription and former VP at Sears Holdings with over 35 years experience.

## SEC filing metadata
- accession: 0000723531-21-000031
- form_type: 8-K
- ticker: PAYX
- cik: 0000723531
- company_name: PAYCHEX INC
- filed_at: 2021-07-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723531/000072353121000031/0000723531-21-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723531/000072353121000031/payx-20210707x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723531-21-000031
- JSON: https://secwatch.observer/filing/0000723531-21-000031.json
- Plain text: https://secwatch.observer/filing/0000723531-21-000031.txt

## Key facts
- Executive change
  Kevin A. Price was appointed as Director at PAYCHEX INC.
  - Action: appointed
  - Role: Director
  source text: the Company announced that the Board of Directors (the “Board”) has voted to expand to ten members and has appointed Kevin A. Price to fill the newly created position.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723531/000072353121000031/0000723531-21-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.