{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-004791","form_type":"8-K","ticker":null,"cik":"0001839439","company_name":"PAYCOR HCM, INC.","filed_at":"2025-04-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.060824+00:00","generated_at":"2026-05-23T15:38:48.837930+00:00","sec_items":["1.02","2.01","3.03","5.01","5.03","3.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Paycor acquired by Paychex for $22.50 per share; stock to be delisted","bullets":["All-cash consideration of $22.50 per share; aggregate enterprise value approximately $4.1 billion.","Acquisition closed April 14, 2025; Paycor becomes an indirect wholly owned subsidiary of Paychex.","Expected annual cost synergies exceeding $80 million in fiscal 2026; accretive to adjusted diluted EPS.","Trading of Paycor common stock suspended on Nasdaq; company to file Form 15 to deregister.","Paychex CEO John Gibson cites strengthened upmarket position, new revenue channels, and AI-enabled technology."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-004791","json":"https://secwatch.observer/filing/0000950103-25-004791.json","markdown":"https://secwatch.observer/filing/0000950103-25-004791.md","text":"https://secwatch.observer/filing/0000950103-25-004791.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839439/000095010325004791/0000950103-25-004791-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839439/000095010325004791/dp227636_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T15:38:48.837930+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":"15c1f663c0b2d0e9919ed8bf560ae2d9df56e622","claim":"PAYCOR HCM, INC.: Company was acquired via merger; certificate of incorporation and bylaws were amended and restated in connection with the merger.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839439/000095010325004791/0000950103-25-004791-index.htm","confidence":0.7,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"}],"fact_type":"governance_change"},{"claim_id":"f446ecb61e50d37e4db39aa5a8c398077c8546bf","claim":"PAYCOR HCM, INC. underwent a change of control involving Paychex, Inc. for $22.50 per share (closed 2025-04-14).","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839439/000095010325004791/0000950103-25-004791-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Paychex, Inc."},{"label":"Consideration","value":"$22.50 per share"},{"label":"Closing","value":"2025-04-14"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}