{"schema_version":"secwatch.filing_event.v1","accession":"0000723531-21-000056","form_type":"8-K","ticker":"PAYX","cik":"0000723531","company_name":"PAYCHEX INC","filed_at":"2021-11-23T23:59:59+00:00","discovered_at":"2026-05-14T18:04:15.369707+00:00","generated_at":"2026-06-28T05:55:31.306902+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Paychex names Martin Mucci Chairman, promotes John Gibson to President and COO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000723531-21-000056","json":"https://secwatch.observer/filing/0000723531-21-000056.json","markdown":"https://secwatch.observer/filing/0000723531-21-000056.md","text":"https://secwatch.observer/filing/0000723531-21-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723531/000072353121000056/0000723531-21-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723531/000072353121000056/payx-20211123x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T05:55:31.306902+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8a28b7397f","claim":"John B. Gibson, Jr. changed role as President and Chief Operating Officer at PAYCHEX INC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/723531/000072353121000056/0000723531-21-000056-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"promoted"},{"label":"Role","value":"President and Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}