PAYCHEX,INC. (NASDAQ:PAYX) Files An 8-K Regulation FD DisclosureItem 7.01 REGULATION FD DISCLOSURE
As previously announced, the Company hosted a conference call at 11:00 a.m. Eastern Time on Wednesday June27, 2018 to review the impacts of Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers” or Accounting Standards Codification Topic 606 (“ASC 606”) and certain other items. To supplement this discussion, the Company prepared a presentation setting forth information regarding the impact of ASC 606 and certain other items on the Company’s financial results for the fiscal years ended May31, 2018 (“fiscal 2018”) and May31, 2017 (“fiscal 2017”), along with each fiscal quarter within fiscal 2018. The presentation is furnished as Exhibit 99.1 to this Form 8-K.
The information furnished to Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities under such section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent specifically provided in such a filing.
Item 7.01 FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit relating to Item 7.01 of this Form 8-K shall be deemed to be “furnished,” not “filed,” for purposes of the Exchange Act:
PAYCHEX INC ExhibitEX-99.1 2 payx-20180627xex99_1.htm EX-99.1 Exhibit 99.1 Exhibit 99.1 PAYCHEX Payroll HR Retirement Insurance Impacts of ASC 606 and Other Items Fiscal 2018 and Fiscal 2017 Updated as of June 28,…To view the full exhibit click here
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.