---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-006123"
form_type: "8-K"
ticker: "PAYX"
cik: "0000723531"
company_name: "PAYCHEX INC"
filed_at: "2025-05-16T23:59:59+00:00"
generated_at: "2026-05-21T03:53:48.061004+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Paychex founder B. Thomas Golisano to step down from board after July 2025 meeting

## Summary
- Founder B. Thomas Golisano, 83, notified Paychex board he will step down effective after the July 2025 board meeting.
- Golisano founded the company in 1971, retired as CEO in 2004, and served as Chairman until 2021.
- No disagreement with company operations, policies, or practices cited for his departure.
- Chairman Martin Mucci and CEO John Gibson expressed gratitude; Golisano will continue as director through July meeting.

## SEC filing metadata
- accession: 0000950103-25-006123
- form_type: 8-K
- ticker: PAYX
- cik: 0000723531
- company_name: PAYCHEX INC
- filed_at: 2025-05-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723531/000095010325006123/0000950103-25-006123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723531/000095010325006123/dp228939_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-006123
- JSON: https://secwatch.observer/filing/0000950103-25-006123.json
- Plain text: https://secwatch.observer/filing/0000950103-25-006123.txt

## Key facts
- Executive change
  B. Thomas Golisano departed as Director at PAYCHEX INC.
  - Action: step down
  - Role: Director
  source text: On May 15, 2025, B. Thomas Golisano notified the Board of Directors (the "Board") of Paychex, Inc. (the "Company") of his decision to step down from the Board, effective after the Company’s July, 2025 Board meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723531/000095010325006123/0000950103-25-006123-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.