Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 13

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 13
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 June 2017 •  Chief Marketing Officer, August 2013 – June 2017   Other Current Public Company Directorships: •  OneStream. (a technology company), since July 2020 (initial public offering, July 2024)   Former Public Company Directorships: •  KnowBe4 (a technology services company), January 2020 – February 2023   Other Professional Experience and Community Involvement: •  SkyHive Board Member, since February 2021 •  ReliaQuest Board Member, since January 2021 •  OutSystems Board Member, since April 2020 •  Alludo Board Member, since January 2018   Key Experience and Qualifications: The Board has concluded that Ms. Wilson is qualified to serve as a director of the Company due to her extensive experience in driving go-to-market strategies for enterprise technology companies. The Board can benefit from Ms. Wilson’s marketing experience to help Paychex with the development and execution of go-to-market strategies to effectively differentiate the Company in a highly competitive and constantly evolving industry. Ms. Wilson has experience at global companies and can provide insight on any expansion of the Company’s global presence. |

Paychex, Inc. 2025 Proxy Statement •11

DIRECTOR COMPENSATION FOR THE FISCAL YEAR ENDED MAY 31, 2025 Director compensation is recommended by the Compensation & Leadership (“C&L”) Committee and approved by the Board annually in July. The Board’s authority cannot be delegated to another party. The Company’s management does not play a role in setting director compensation. The Company compensates the independent directors of the Board using a combination of cash and equity-based compensation. John B. Gibson, President and CEO of the Company, receives no compensation for his services as a director. Rather, the compensation received by Mr. Gibson in his role as President and CEO is shown in the Fiscal 2025 Summary Compensation Table, contained in the Named Executive Officer Compensation section of this proxy statement. The table below presents the total compensation received from the Company by all directors except Mr. Gibson for the fiscal year ended May 31, 2025 (“fiscal 2025”).

| Name (a)              |     | Fees Earned 
 or Paid in  
 Cash (b)    |   |         |     | Stock Awards 
 (c)          |   |         |     | Stock