Paychex names Martin Mucci Chairman, promotes John Gibson to President and COO

PAYCHEX INC

Martin Mucci adds Chairman role effective Dec 1, 2021; continues as CEO.
Founder B. Thomas Golisano steps down as Chair but remains on board as director.
John Gibson promoted to President and COO, overseeing Sales, Marketing, Product Management.
Gibson's base salary raised to $600k, target bonus 125% of base, plus $250k equity grant.
Gibson joined Paychex in 2013 and led service/operations for all business divisions.

item 5.02 item 9.01

Executive movements

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Role change

John B. Gibson, Jr.

President and Chief Operating Officer

PAYX · PAYCHEX INC

Effective: 2021-12-01
Filed: November 23, 2021, 6:59 PM ET

Paychex also announced the promotion of John B. Gibson, Jr., aged 55, to the role of President and Chief Operating Officer, effective December 1, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John B. Gibson, Jr. changed role as President and Chief Operating Officer at PAYCHEX INC.

Action: promoted
Role: President and Chief Operating Officer

Exact text from the filing

Paychex also announced the promotion of John B. Gibson, Jr., aged 55, to the role of President and Chief Operating Officer, effective December 1, 2021.

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Source: SEC EDGAR

accession 0000723531-21-000056

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