Company: PAYX
Filing Date: 2025-03-26
Form Type: 10-Q
Source: 0000950170-25-045216
Chunk: 3

Company: PAYCHEX INC
Filing Date: 2025-03-26
Form: 10-Q
Item: Part II, Item 2
Chunk 3
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The Company maintains a program to repurchase up to $400.0 million of the Company’s common stock with authorization that expires on May 31, 2027. The purpose of this program is to manage common stock dilution. There were no shares repurchased during the third quarter and $296.0 million remains available for share repurchases in total under this program.

Item 5. Other Information

During the third quarter, none of our directors or officers (as defined by Rule 16a-1 under the Exchange Act), adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act or any “non-Rule 10b5-1 trading arrangement” (as defined by Item 408(c) of Regulation S-K).

Item 6. Exhibits

INDEX TO EXHIBITS

    Exhibitnumber
    Description

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    2.1
    Agreement and Plan of Merger, dated as of January 7, 2025, by and among Paychex, Inc., Skyline Merger Sub, Inc. and Paycor HCM, Inc., incorporated herein by reference from Exhibit 2.1 to the Company’s Form 8-K filed with the Commission on January 7, 2025.  

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    31.1
    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

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    31.2
    Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

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    32.1
    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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    32.2
    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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    101.INS
    Inline XBRL Instance Document– the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document.

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    101.SCH
    Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents

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    104
    Cover Page Interactive Data File (embedded within the Inline XBRL document)

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