Paychex said on July 8, 2025 that Mark Bottini, Senior Vice President, Sales, notified the company of his intention to retire from his current role, effective immediately. He will serve as a special advisor through August 31, 2025 at his current salary to assist with the handover of his duties.

1. 01

   Paychex said on July 8, 2025 that Mark Bottini, Senior Vice President, Sales, notified the company of his intention to retire from his current role, effective immediately. He will serve as a special advisor through August 31, 2025 at his current salary to assist with the handover of his duties.

2. 02

   The company said Michael Gioja, Senior Vice President, Product Development and IT, notified it on July 8, 2025 of his intention to retire from his current role, effective immediately. Under his employment agreement, he will serve as a special advisor through December 31, 2025.

3. 03

   Paychex said Michael Gioja will continue to work full-time at his current base salary through August 31, 2025, after which he will move to a part-time role and his annual base salary will be reduced to $120,000. The employment agreement was filed as an exhibit to this 8-K.

4. 04

   Paychex said that following the departure of B. Thomas Golisano from its board of directors on July 9, 2025, the board decided to reduce its size from 11 to 10 directors, effective as of that date.

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.

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.