secwatch / observer

PAYCHEX INC — fact timeline

Source-grounded facts extracted from PAYCHEX INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

PAYX PAYCHEX INC JSON
Debt Financings

PAYCHEX INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. maturing January 23, 2031.

“(a) increases the aggregate amount of principal available under the 2017 Credit Facility from $750 million to $1.0 billion, (b) extends the maturity date from September 17, 2026 to January 23, 2031”
Material Agreements

PAYCHEX INC terminated 2020 Credit Facility with PNC Bank, N.A. (as administrative agent) (effective 2026-01-23).

“Paychex Advance, LLC, a New York limited liability company (“Paychex Advance”) and the Parent terminated, effective January 23, 2026, the three-year, $250 million, unsecured, revolving credit facility established in favor of Paychex Advance as borrower on February 6, 2020 ( as previously amended and extended from time to time, the “2020 Credit Facility”) and for which PNC Bank, N.A. acted as administrative agent.”
Material Agreements

PAYCHEX INC amended 2019 Credit Facility Amendment with JPMorgan Chase Bank, N.A. (as Administrative Agent) (effective 2026-01-23).

“On January 23, 2026, PoNY and the Parent, entered into an amendment (the “2019 Credit Facility Amendment”) to the $1.0 billion, five-year, unsecured, revolving credit facility established in favor of PoNY as borrower on July 31, 2019”
Material Agreements

PAYCHEX INC amended 2017 Credit Facility Amendment with JPMorgan Chase Bank, N.A. (as Administrative Agent) (effective 2026-01-23).

“On January 23, 2026, Paychex of New York LLC, a Delaware limited liability company (“PoNY”) and Paychex, Inc., a Delaware corporation (the “Parent”) entered into an amendment (the “2017 Credit Facility Amendment”) to the $750.0 million, five-year, unsecured, revolving credit facility established in favor of PoNY as borrower on August 17, 2017”

B. Thomas Golisano departed as Director at PAYCHEX INC.

“On May 15, 2025, B. Thomas Golisano notified the Board of Directors (the "Board") of Paychex, Inc. (the "Company") of his decision to step down from the Board, effective after the Company’s July, 2025 Board meeting.”

David J.S. Flaschen departed as Director at PAYCHEX INC.

“On June 12, 2024, the Board of Directors (the "Board") of Paychex, Inc. (the “Company”) was notified by David J.S. Flaschen of his decision not to stand for re-election to the Board at the Company’s 2024 annual meeting of shareholders.”

Stephanie Schaeffer departed as Vice President, Chief Legal & Ethics Officer, and Secretary at PAYCHEX INC.

“On May 16, 2024, Stephanie Schaeffer, Vice President, Chief Legal & Ethics Officer, and Secretary of Paychex, Inc. (the “Company”), notified the Board of Directors of the Company (the “Board”) of her intention to retire effective as of August 2, 2024.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.