secwatch.observer — SEC 8-K summary
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Issuer:     PAYCOR HCM, INC. (—)
CIK:        0001839439
Form:       8-K
Filed at:   2025-04-14T23:59:59+00:00
Accession:  0000950103-25-004791
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.03, 5.01, 5.03, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paycor acquired by Paychex for $22.50 per share; stock to be delisted
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839439/000095010325004791/0000950103-25-004791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839439/000095010325004791/dp227636_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-004791

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