secwatch / observer
8-K filed April 14, 2025, 7:59 PM ET CIK 0001839439
M&A confidence high sentiment neutral materiality 1.00

PAYCOR HCM, INC.: M&A transaction — Paycor acquired by Paychex for $22.50 per share; stock to be delisted

PAYCOR HCM, INC.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.7

PAYCOR HCM, INC.: Company was acquired via merger; certificate of incorporation and bylaws were amended and restated in connection with the merger.

Change
bylaw amendment
Exact text from the filing
the certificate of incorporation of the Company, as in effect immediately prior to the Effective Time, was amended and restated in its entirety to be in the form of the certificate of incorporation attached as Exhibit 3.1, which is incorporated herein by reference, and the bylaws of the Company were amended and restated to be in the form of the bylaws attached as Exhibit 3.2, which is incorporated herein by reference.
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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

PAYCOR HCM, INC. underwent a change of control involving Paychex, Inc. for $22.50 per share (closed 2025-04-14).

Action
change of control
Counterparty
Paychex, Inc.
Consideration
$22.50 per share
Closing
2025-04-14
Exact text from the filing
(other than shares held by any holder who is entitled to appraisal rights and has properly exercised such rights under Delaware law) was converted into the right to receive $22.50 in cash per share, without interest thereon and less applicable withholding taxes (the “ Merger Consideration ”). The foregoing description of the Merger Agreement and the
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Source: SEC EDGAR
accession 0000950103-25-004791
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