Company: PAYX
Filing Date: 2025-01-07
Form Type: 8-K
Source: 0000950103-25-000267
Chunk: 3

Company: PAYCHEX INC
Filing Date: 2025-01-07
Form: 8-K
Item: Item 1.01
Chunk 3
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 disclosure schedules contain information that modifies, qualifies and creates exceptions
to the representations and warranties and certain covenants set forth in the Merger Agreement. Moreover, certain representations and warranties
in the Merger Agreement were used for the purpose of allocating risk among the parties rather than establishing matters as facts and were
made only as of the date of the Merger Agreement (or such other date or dates as may be specified in the Merger Agreement). Accordingly,
the representations and warranties in the Merger Agreement should not be relied upon as characterizations of the actual state of facts
about Paychex or any of the parties to the Merger Agreement.

Item 7.01 Regulation FD Disclosure

On January 7, 2025, Paychex
issued a press release announcing the execution of the Merger Agreement. A copy of the press release is attached hereto asExhibit
99.1and is incorporated by reference herein.

In connection with the
announcement of the Merger Agreement, Paychex provided supplemental information regarding the proposed transaction in
presentations to analysts and investors. The slides made available in connection with the presentations are attached hereto asExhibit
99.2and are incorporated by reference herein.

The information
provided under Item 7.01 of this Current Report on Form 8-K, includingExhibit 99.1andExhibit 99.2, is being furnished and is not deemed to be “filed”
with the SEC for the purposes of Section 18 of the Exchange Act of 1934, as amended (the “ Exchange Act”), or otherwise
subject to the liabilities of that section and is not incorporated by reference into any filing of Paychex under the Securities Act
of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by
specific reference to this Current Report on Form 8-K in such a filing. Paychex does not incorporate by reference to this Current
Report on Form 8-K information presented at any website referenced in this report or in any of the Exhibits attached hereto.

Item 9.01 Financial Statements and Exhibits.