---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-016044"
form_type: "8-K"
ticker: "PAYX"
cik: "0000723531"
company_name: "PAYCHEX INC"
filed_at: "2026-01-20T23:59:59+00:00"
generated_at: "2026-05-16T09:40:02.035558+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Paychex authorizes $1B stock buyback, appoints former Cintas CFO to board, declares $1.08 dividend

## Summary
- Board approved new $1B share repurchase authorization, replacing prior $400M authorization.
- Quarterly dividend of $1.08/share declared, payable Feb 27, 2026 to holders of record Jan 28, 2026.
- Board expanded to 11 members; appointed J. Michael Hansen (former Cintas CFO) as independent director, effective immediately.
- Hansen appointed to Audit Committee; brings financial expertise from 30-year Cintas tenure.
- In fiscal 2025, Paychex returned over $1.5B to shareholders via dividends and repurchases.

## SEC filing metadata
- accession: 0001193125-26-016044
- form_type: 8-K
- ticker: PAYX
- cik: 0000723531
- company_name: PAYCHEX INC
- filed_at: 2026-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723531/000119312526016044/0001193125-26-016044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723531/000119312526016044/payx-20260116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-016044
- JSON: https://secwatch.observer/filing/0001193125-26-016044.json
- Plain text: https://secwatch.observer/filing/0001193125-26-016044.txt

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