secwatch.observer — SEC 8-K summary
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Issuer:     PAYCHEX INC (PAYX)
CIK:        0000723531
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0000950170-23-001055
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723531/000095017023001055/0000950170-23-001055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723531/000095017023001055/payx-20230120.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer