---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-095576"
form_type: "8-K"
ticker: "PAYX"
cik: "0000723531"
company_name: "PAYCHEX INC"
filed_at: "2025-07-14T23:59:59+00:00"
generated_at: "2026-05-18T06:48:43.274193+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Paychex SVP Sales and SVP Product Development retire; board reduces to 10 after Golisano departure

## Summary
- Mark Bottini, SVP Sales, retires immediately; becomes special advisor through Aug 31, 2025 at current salary.
- Michael Gioja, SVP Product Dev & IT, retires; special advisor through Dec 31, 2025; full-time salary then $120k part-time.
- Director B. Thomas Golisano departs July 9; board size reduced from 11 to 10.

## SEC filing metadata
- accession: 0000950170-25-095576
- form_type: 8-K
- ticker: PAYX
- cik: 0000723531
- company_name: PAYCHEX INC
- filed_at: 2025-07-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723531/000095017025095576/0000950170-25-095576-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723531/000095017025095576/payx-20250708.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-095576
- JSON: https://secwatch.observer/filing/0000950170-25-095576.json
- Plain text: https://secwatch.observer/filing/0000950170-25-095576.txt

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