{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-000267","form_type":"8-K","ticker":"PAYX","cik":"0000723531","company_name":"PAYCHEX INC","filed_at":"2025-01-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.196036+00:00","generated_at":"2026-05-28T09:32:46.058092+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Paychex to acquire Paycor for $22.50/share (~$4.1B enterprise value)","bullets":["All-cash deal at $22.50/share, ~19% premium to Paycor's 30-day VWAP as of Jan 3, 2025.","Expected to close H1 2025; subject to regulatory approvals; majority stockholder consented.","Run-rate cost synergies >$80M near-term; neutral to slightly accretive to adjusted EPS in FY1, accretive in FY2.","Paychex to fund with incremental debt; committed bridge loan up to $3.5B from JPMorgan; dividend policy maintained.","Paycor serves ~49,000 clients and 2.7M employees; acquisition enhances upmarket position and AI-driven HR tech."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-000267","json":"https://secwatch.observer/filing/0000950103-25-000267.json","markdown":"https://secwatch.observer/filing/0000950103-25-000267.md","text":"https://secwatch.observer/filing/0000950103-25-000267.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723531/000095010325000267/0000950103-25-000267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723531/000095010325000267/dp223210_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T09:32:46.058092+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}