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Paychex logoPaychex PAYX

Paychex said Stephanie Schaeffer, Vice President, Chief Legal & Ethics Officer and Secretary, notified the Board of Directors on May 16, 2024 of her intention to retire effective August 2, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Paychex said Stephanie Schaeffer, Vice President, Chief Legal & Ethics Officer and Secretary, notified the Board of Directors on May 16, 2024 of her intention to retire effective August 2, 2024.

  2. The company said Schaeffer will continue in her current role until a successor is appointed.

  3. The company said that after a successor is appointed, Schaeffer will serve as a senior advisor on a full-time basis to assist with the transition until her retirement date, at her current base salary.

  4. Paychex said the earliest event reported in this 8-K is May 16, 2024, and the report was signed on May 17, 2024 by John B. Gibson, President, Chief Executive Officer and Director.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Chief Legal & Ethics Officer to Retire

Paychex said Stephanie Schaeffer, Vice President, Chief Legal & Ethics Officer and Secretary, notified the Board of Directors on May 16, 2024 of her intention to retire effective August 2, 2024.

Source · Based on the filing body and exhibits

Current Role to Continue Until Successor Is Named

The company said Schaeffer will continue in her current role until a successor is appointed.

Source · Based on the filing body and exhibits

Senior Advisor Role and Pay Before Retirement

The company said that after a successor is appointed, Schaeffer will serve as a senior advisor on a full-time basis to assist with the transition until her retirement date, at her current base salary.

Source · Based on the filing body and exhibits

Filing Submission Details

Paychex said the earliest event reported in this 8-K is May 16, 2024, and the report was signed on May 17, 2024 by John B. Gibson, President, Chief Executive Officer and Director.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.