Company: PAYX
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001193125-25-191789
Chunk: 4

Company: PAYCHEX INC
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 4
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 events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to known and unknown uncertainties, risks, changes in circumstances, and other factors that are difficult to predict, many of which are outside our control. Our actual performance and outcomes, including without limitation, our actual results and financial condition, may differ materially from those indicated in or suggested by the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. For a discussion of some of the risks and important factors that could cause actual results to differ from such forward-looking statements, please see the risks and other factors detailed from time to time in our most recent periodic reports on Form 10-Kand Form 10-Qand other filings with the Securities and Exchange Commission (“SEC”). Except as required by law, we undertake no obligation to update these forward-looking statements after the date of filing this proxy statement with the SEC to reflect events or circumstances after such date, or to reflect the occurrence of unanticipated events. Paychex, Inc. 2025 Proxy Statement •4

PROXY STATEMENT PROPOSAL 1: ELECTION OF DIRECTORS FOR A ONE-YEARTERM

| What am I voting on?                                                                                                                                          |     | Voting Recommendation                                              |
| Stockholders are being asked to elect ten director nominees for a one-year term. This section includes information about the Board and each director nominee. |     | The Board recommends a vote FOR each of the ten director nominees. |

The Board is elected by the stockholders to oversee the overall success of the Company, review its operational and financial capabilities, and periodically assess its long-term strategic objectives. The Board serves as the ultimate decision-makingbody of the Company, except for those matters reserved for stockholders. The Board selects and oversees the members of senior management who are charged by the Board with conducting the day-to-daybusiness of the Company. The Board acts as an advisor to senior management and ultimately monitors management’s performance. Election Process The Company’s Amended and Restated By-Laws (“By-Laws”)provide for the annual election of directors. The By-Lawsprovide that each director is elected by a majority of the votes cast for the director at any meeting held for the election of directors at which a quorum is present, and the director is running unopposed. If a nominee that is an incumbent director does not receive a majority of the votes cast in an uncontested election, such director must offer his or her resignation to the Board