PAYCHEX,INC. (NASDAQ:PAYX) Files An 8-K Regulation FD DisclosureItem 7.01 REGULATION FD DISCLOSURE
On August 21, 2017, Paychex, Inc. (“Paychex” or the “Company”) announced the acquisition of HR Outsourcing Holdings, Inc. (“HROI”), and all of its operating subsidiaries. The Company’s press release dated August 21, 2017, announcing the acquisition of HROI, is furnished as Exhibit 99.1 to this Current Report on Form 8-K (“Form 8-K”).
HROI is a national professional employer organization that provides human resource (“HR”) solutions to small and medium-sized businesses in more than 35 states.This acquisition expands the Company’s leadership position in the HR outsourcing business.HROI is headquartered in Charlotte, North Carolina and has approximately 140 employees who will be offered the opportunity to become Paychex employees. Terms of the acquisition were not disclosed.
Item 7.01 FINANCIAL STATEMENTS AND EXHIBITS
The following exhibit relating to Item 7.01 of this Form 8-K is furnished herewith:
|
Exhibit 99.1 |
Press Release of Paychex, Inc. dated August 21, 2017. |
PAYCHEX INC ExhibitEX-99.1 2 payx-20170821xex99_1.htm EX-99.1 Exhibit 991 Press Release EXHIBIT 99.1 PRESS RELEASE OF PAYCHEX,…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.
