secwatch.observer — SEC 8-K summary
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Issuer:     PAYCHEX INC (PAYX)
CIK:        0000723531
Form:       8-K
Filed at:   2021-07-08T23:59:59+00:00
Accession:  0000723531-21-000031
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723531/000072353121000031/0000723531-21-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723531/000072353121000031/payx-20210707x8k.htm
  HTML page:      https://secwatch.observer/filing/0000723531-21-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer