Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 21

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 21
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,155,004 shares, and sole dispositive power as to 27,959,696 shares.(7)Beneficial ownership is based on information as of June 30, 2025, contained in the Schedule 13G filed with the SEC on August 12, 2025 by Capital International Investors, including notice that it has sole voting power as to 22,758,850 shares and sole dispositive power as to 23,108,013 shares.(8)Included in shares beneficially owned for Mr. Doody are 23,758 shares held in the name of a trust for which Mr. Doody is the trustee and beneficiary. Mr. Doody has sole voting and investment power of these shares.(9)Included in shares beneficially owned for Mr. Gioja are 9,948 shares held in the name of a trust for which Mr. Gioja is the trustee and beneficiary. Mr. Gioja has sole voting and investment power of these shares.Delinquent Section 16(a) ReportsSection 16(a) of the Exchange Act requires directors, executive officers, and beneficial owners of more than 10% of the Company’s common stock to file reports of their ownership and changes in their ownership of the Company’s equity securities with the SEC. Based solely on our review of information supplied to the Company and filings made with the SEC, the Company believes that during fiscal 2025, its directors, executive officers, and beneficial owners of more than 10% of the Company’s common stock have complied in a timely manner with all applicable Section 16 filing requirements, except one Form 4 filed late, due to an administrative error, on behalf of Mr. Golisano to report one transaction.Paychex, Inc. 2025 Proxy Statement•17
CORPORATE GOVERNANCE Role of the Board The Board recognizes the fundamental principle that good corporate governance is critical to organizational success and the protection of stockholder value. As such, the Board has adopted a set of Corporate Governance Guidelines as a statement of principles guiding the Board’s conduct. These principles are intended to be interpreted in the context of all applicable laws and the Company’s Restated Certificate of Incorporation, By-Lawsand other governing documents. A copy of these guidelines can be found on our website at https://investor.paychex.com/corporate-governance/governance-documents. Corporate Responsibility Paychex is committed to good corporate citizenship, which is reflected in our company culture. Our core cultural values are designed to