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Paychex, Inc. 8-K/A Report: Strategic Merger with Paycor HCM, Inc. Insights

$PAYX
Form 8-K/A
Filed on: 2025-06-27
Source
Paychex, Inc. 8-K/A Report: Strategic Merger with Paycor HCM, Inc. Insights

Here are the key insights extracted from the provided financial report section:

  1. Entity Information:
  • Company Name: Paychex, Inc.
  • CIK Number: 0000723531
  • SEC File Number: 0-11330
  • EIN: 16-1124166
  • Headquarters: 911 Panorama Trail South, Rochester, NY 14625-2396
  • Contact Number: 585-385-6666
  1. Common Stock:
  • Type: Common Stock
  • Par Value: $0.01
  1. Merger Details:
  • Date of Agreement: January 7, 2025
  • Entities Involved:
    • Paychex, Inc.
    • Skyline Merger Sub, Inc. (wholly owned subsidiary of Paychex)
    • Paycor HCM, Inc.
  • Merger Date: April 14, 2025
  • Outcome: Merger Sub merged with Paycor, with Paycor continuing as the surviving entity and becoming an indirect wholly owned subsidiary of Paychex.
  1. Filing Information:
  • This report is an amendment (8-K/A) to the original Form 8-K filed on April 14, 2025.
  • Purpose of Amendment: To include the financial statements of Paycor and pro forma financial information as required by Item 9.01 of Form 8-K.
  1. Financial Period:
  • Reporting Date: April 14, 2025
  • The financial information is reported in U.S. dollars (USD) and shares.

This merger is significant as it indicates Paychex's strategic expansion and acquisition efforts, which could impact its market position and financial performance moving forward. The amendment to include additional financial information suggests compliance with SEC regulations and transparency for investors.