secwatch.observer — SEC 8-K summary
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Issuer:     PAYCHEX INC (PAYX)
CIK:        0000723531
Form:       8-K/A
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0000950103-25-007996
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paychex completes Paycor acquisition; pro forma shows diluted EPS of $2.08 for H1 FY2025
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- Pro forma revenue $2.98B for six months ended Nov 30, 2024; combined net income $764.1M.
- Pro forma diluted EPS $2.08 vs Paychex standalone $2.32; annual EPS $3.84 vs $4.67.
- Merger consideration $22.50/share in cash; funded via $4.2B notes offering (5.100%, 5.350%, 5.600% due 2030-2035).
- Goodwill increases to $4.48B; intangible assets $1.59B from fair value adjustments.
- Paycor had net loss of $9.3M in its H1 ended Dec 31, 2024 and $58.9M loss in FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723531/000095010325007996/0000950103-25-007996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723531/000095010325007996/dp230646_8ka.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-007996

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