---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-019571"
form_type: "8-K"
ticker: "PAYX"
cik: "0000723531"
company_name: "PAYCHEX INC"
filed_at: "2022-10-14T23:59:59+00:00"
generated_at: "2026-06-23T03:41:26.557728+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Paychex appoints CEO John B. Gibson Jr. to board; CEO succession completed Oct 14, 2022

## Summary
- Board expanded from 10 to 11; Gibson named director and executive committee member effective Oct 14.
- Gibson succeeded Martin Mucci as CEO on Oct 14; Mucci's pre-July 2022 awards will vest under director service.
- Annual meeting: all 10 director nominees elected, say-on-pay passed, PwC ratified as auditor.

## SEC filing metadata
- accession: 0000950170-22-019571
- form_type: 8-K
- ticker: PAYX
- cik: 0000723531
- company_name: PAYCHEX INC
- filed_at: 2022-10-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723531/000095017022019571/0000950170-22-019571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723531/000095017022019571/payx-20221012.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-019571
- JSON: https://secwatch.observer/filing/0000950170-22-019571.json
- Plain text: https://secwatch.observer/filing/0000950170-22-019571.txt

## Key facts
- Executive change
  John B. Gibson, Jr. was appointed as President and Chief Executive Officer at PAYCHEX INC.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On August 23, 2022, the Board appointed John B. Gibson to serve as the Company’s President and CEO, effective as of October 14, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723531/000095017022019571/0000950170-22-019571-index.htm
- Executive change
  John B. Gibson, Jr. was appointed as Director at PAYCHEX INC.
  - Action: appointed
  - Role: Director
  source text: On October 13, 2022, the Board appointed Paychex President and CEO John B. Gibson, Jr. to fill the new Board position and serve on the Executive Committee of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723531/000095017022019571/0000950170-22-019571-index.htm
- Executive change
  Martin Mucci retired as Chief Executive Officer at PAYCHEX INC.
  - Action: retired
  - Role: Chief Executive Officer
  source text: Mr. Mucci's awards granted in July 2022 will be forfeited upon retirement from his position of CEO on October 14, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723531/000095017022019571/0000950170-22-019571-index.htm

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