Paychex announced on January 20, 2026 that the Board of Directors voted to expand to 11 members from 10 members and appointed J. Michael Hansen to fill the newly created independent director position.

1. 01

   Paychex announced on January 20, 2026 that the Board of Directors voted to expand to 11 members from 10 members and appointed J. Michael Hansen to fill the newly created independent director position.

2. 02

   The company said Hansen served as Executive Vice President & Chief Financial Officer of Cintas Corporation for more than 10 years and transitioned to the role of Assistant to the Chief Executive Officer upon his retirement in May 2025.

3. 03

   Paychex said Hansen was appointed to the Board on January 16, 2026 and will serve on the Audit Committee. It added that while at Cintas, Hansen served on the Board of Directors of Paycor HCM, Inc. from 2008 to 2018. The company acquired Paycor on April 2025.

4. 04

   Paychex said the Board approved on January 16, 2026 a program to repurchase up to $1 billion of the company's common stock, which replaces the existing 2024 authorization to repurchase $400 million.

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Original filing

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