Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 74

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 74
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 If the stockholders do not ratify the appointment, the Audit Committee will review its future selection of the independent accountants but may still retain them. The Audit Committee is also responsible for the audit fee negotiations associated with the Company’s retention of PwC. In order to ensure continuing auditor independence, the Audit Committee periodically considers whether there should be a regular rotation of the independent accountants. Additionally, the Audit Committee and its Chair are directly involved in the selection and mandated rotation of the lead engagement partner from PwC. The members of the Audit Committee believe that the continued retention of PwC to serve as the Company’s independent accountants is in the best interest of the Company and its stockholders. Representatives from PwC will be present at the Annual Meeting, will be afforded the opportunity to make any statements they wish, and will be available to respond to appropriate questions from stockholders. To ratify the appointment of PwC, a majority of the shares present and entitled to vote on the proposal at the Annual Meeting must be voted for the proposal.

| The Board recommends a vote FOR the proposal to ratify the appointment of PWC as the Company’s independent accountants for fiscal 2026. |

Paychex, Inc. 2025 Proxy Statement •65

| Independent Accountants |

Fees for Professional Services The following table shows the aggregate fees for professional services rendered for the Company by PwC:

|                    |     | Year Ended May 31, |      2025 |     |   |      2024 |
|:-------------------|:----|:-------------------|----------:|:----|:--|----------:|
| Audit fees         |     | $                  | 2,433,000 |     | $ | 2,065,000 |
| Audit-related fees |     |                    | 1,022,000 |     |   |   240,000 |
| Tax-related fees   |     |                    |    28,745 |     |   |    85,327 |
| Other fees         |     |                    |     2,160 |     |   |     2,160 |
| Total fees         |     | $                  | 3,485,905 |     | $ | 2,392,487 |

Audit fees This category includes fees for fiscal 2025 and fiscal 2024 that were for professional services rendered primarily for the audits of the Company’s annual consolidated financial statements, reviews of the financial statements included