PAYCHEX,INC. (NASDAQ:PAYX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

On July 19, 2017, Paychex, Inc. (the “Company”) announced that the Board of Directors (the “Board”) has appointed Kara Wilson to the Board.The Company’s press release dated July 19, 2017, announcing the appointment of Ms. Wilson, is furnished as Exhibit 99.1 to this Current Report on Form 8-K (“Form 8-K”). Ms. Wilson succeeds Pamela A. Joseph, who resigned her position with the Board earlier this year.

Ms. Wilson, age 47, currently serves as the Chief Marketing Officer of Rubrik, a market leader in cloud data management, since June 2017. From 2013 to June 2017, she served as Executive Vice President and Chief Marketing Officer of FireEye, Inc., a cyber-security firm.From 2012 to 2013, she served as Chief Marketing Officer of Okta, Inc., an information technology access security solutions company.

Ms. Wilson has more than 20 years of experience in marketing leadership roles for some of the technology industry’s most significant companies, including Cisco, SAP, SuccessFactors, PeopleSoft/Oracle, Okta, and FireEye. While Chief Marketing Officer at FireEye, she helped launch the company’s initial public offering and was responsible for the organization’s global marketing initiatives. She is a graduate of the University of California, Berkeley.

Ms. Wilson’s appointment to the Board is effective immediately. She has been appointed to serve on the Audit Committee of the Board.

Item 5.02 FINANCIAL STATEMENTS AND EXHIBITS

The following exhibit relating to Item 5.02 of this Form 8-K is furnished herewith:

PAYCHEX INC Exhibit
EX-99.1 2 payx-20170719xex99_1.htm EX-99.1 Exhibit 991 EXHIBIT 99.1   PRESS RELEASE OF PAYCHEX,…
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About PAYCHEX,INC. (NASDAQ:PAYX)

Paychex, Inc. is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services. As of May 31, 2016, the Company serviced approximately 605,000 payroll clients. It offers a portfolio of HCM services and products that allows its clients to meet their payroll and HR needs. Its payroll-related ancillary services and human resource service (HRS) offerings often leverage the information gathered in the base payroll processing service, allowing it to provide outsourcing services covering the HCM spectrum. The Company, through its HCM software-as-a-service platform, Paychex Flex, provides an integrated product suite that covers the employee life cycle from recruiting and hiring to retirement.