Company: PAYX
Filing Date: 2025-02-27
Form Type: 8-K
Source: 0000950103-25-002608
Chunk: 0

Company: PAYCHEX INC
Filing Date: 2025-02-27
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

As previously disclosed,
on January 7, 2025, Paychex, Inc., a Delaware corporation (“ Paychex”), Skyline Merger Sub, Inc., a Delaware corporation
and an indirect wholly owned subsidiary of Paychex (“ Merger Sub”), and Paycor HCM, Inc., a Delaware corporation (“ Paycor”),
entered into an Agreement and Plan of Merger (the “ Merger Agreement”), pursuant to which Merger Sub will merge with
and into Paycor, with Paycor as the surviving corporation and an indirect wholly owned subsidiary of Paychex (the “ Merger”).

The waiting period with respect to the
consummation of the Merger under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “ HSR
Act”), expired at 11:59 p. m. Eastern Time on February 21, 2025. The expiration of the waiting period under the HSR Act
satisfies one of the major conditions to the closing of the transactions contemplated by the Merger Agreement, which remains subject
to other customary closing conditions. The transaction is expected to close within the first half of calendar year 2025.

On February 27, 2025,
Paychex issued a press release announcing the expiration of the waiting period under the HSR Act. A copy of the press release is attached
hereto asExhibit 99.1and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.