---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-001055"
form_type: "8-K"
ticker: "PAYX"
cik: "0000723531"
company_name: "PAYCHEX INC"
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T11:14:01.584486+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Paychex expands board to 12 members, appoints Theresa M. Payton

## Summary
- Board expanded from 11 to 12 members; Theresa M. Payton appointed to newly created seat on January 20, 2023.
- Payton is founder/CEO of Fortalice Solutions, advising Fortune 150 firms on cybersecurity and digital transformation.
- Former White House CIO (2006-2008); holds MS in Management Information Systems from University of Virginia.
- Payton will serve on the Audit Committee of the Board of Directors.
- Appointment effective immediately; no reportable transactions under Item 404(a).

## SEC filing metadata
- accession: 0000950170-23-001055
- form_type: 8-K
- ticker: PAYX
- cik: 0000723531
- company_name: PAYCHEX INC
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723531/000095017023001055/0000950170-23-001055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723531/000095017023001055/payx-20230120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-001055
- JSON: https://secwatch.observer/filing/0000950170-23-001055.json
- Plain text: https://secwatch.observer/filing/0000950170-23-001055.txt

## Key facts
- Executive change
  Theresa M. Payton was appointed as Director at PAYCHEX INC.
  - Action: appointed
  - Role: Director
  source text: On January 24, 2023, Paychex, Inc. (the “Company”) announced that the Board of Directors (the “Board”) has voted to expand to twelve members and has appointed Theresa M. Payton to fill the newly created position.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723531/000095017023001055/0000950170-23-001055-index.htm

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