PAYX-Form8K-082117

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549



FORM 8-K

CURRENT REPORT



Pursuant To Section 13 or 15(d) of the

Securities Exchange Act of 1934



Date of Report: August 21, 2017

(Date of earliest event reported)



PAYCHEX, INC.

(Exact name of registrant as specified in its charter)





 

 

 

 

DELAWARE

 

0-11330

 

16-1124166

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification Number)



 

 

 

 



 

 

 

 

911 PANORAMA TRAIL SOUTH,

ROCHESTER, NEW YORK

 

14625-2396

(Address of principal executive offices)

 

(Zip Code)



(585) 385-6666

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:



 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




 



ITEM 7.01 REGULATION FD DISCLOSURE

On August 21, 2017, Paychex, Inc. (“Paychex” or the “Company”) announced the acquisition of HR Outsourcing Holdings, Inc. (HROI), and all of its operating subsidiaries. The Company’s press release dated August 21, 2017, announcing the acquisition of HROI, is furnished as Exhibit 99.1 to this Current Report on Form 8-K (“Form 8-K”).

HROI is a national professional employer organization that provides human resource (“HR”) solutions to small and medium-sized businesses in more than 35 states. This acquisition expands the Company’s leadership position in the HR outsourcing business.  HROI is headquartered in Charlotte, North Carolina and has approximately 140 employees who will be offered the opportunity to become Paychex employees. Terms of the acquisition were not disclosed.



ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

The following exhibit relating to Item 7.01 of this Form 8-K is furnished herewith:



 

Exhibit 99.1

Press Release of Paychex, Inc. dated August 21, 2017.



 






 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.





 

 

 



 

 

 



 

 

PAYCHEX, INC.



 

 

Date:

August 21, 2017

 

/s/ Martin Mucci



 

 

Martin Mucci



 

 

President and Chief Executive Officer



 

 

Date:

August 21, 2017

 

/s/ Efrain Rivera



 

 

Efrain Rivera



 

 

Senior Vice President, Chief Financial Officer, and Treasurer