{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-004790","form_type":"8-K","ticker":"PAYX","cik":"0000723531","company_name":"PAYCHEX INC","filed_at":"2025-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.108402+00:00","generated_at":"2026-05-23T15:51:23.119653+00:00","sec_items":["2.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Paychex completes $4.1B all-cash acquisition of Paycor","bullets":["All-cash deal at $22.50 per Paycor share, ~$4.1B enterprise value.","Expected annual cost synergies >$80M in fiscal 2026.","Deal expected to be accretive to adjusted diluted EPS in fiscal 2026.","Combined HCM portfolio targets upmarket expansion and revenue synergies.","Dividend policy and strong balance sheet commitments reaffirmed."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-004790","json":"https://secwatch.observer/filing/0000950103-25-004790.json","markdown":"https://secwatch.observer/filing/0000950103-25-004790.md","text":"https://secwatch.observer/filing/0000950103-25-004790.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723531/000095010325004790/0000950103-25-004790-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723531/000095010325004790/dp227639_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T15:51:23.119653+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"}