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: October 11, 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).



Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 


 

 



 

ITEM 5.07

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS



(a)

The Annual Meeting of Stockholders was held on October 11, 2017.



(b)

There were present at the meeting, either in person or by proxy, holders of 325,529,346 common shares. Stockholders elected the ten nominees, constituting our entire Board of Directors, to hold office until the next Annual Meeting of Stockholders in 2018; approved the advisory vote on named executive officer compensation; approved holding future advisory votes on named executive officer compensation every year; and ratified the selection of our independent registered public accounting firm.

Results of stockholder voting are as follows:





 

 

 

 

 

 

 

 

 

 

 

 

Election of Directors

 

For

 

Against

 

Abstain

 

Broker

Non-Votes

B. Thomas Golisano

 

265,975,638 

 

 

3,465,286 

 

 

365,417 

 

 

55,723,005 

 

Thomas F. Bonadio

 

267,336,653 

 

 

2,082,250 

 

 

387,438 

 

 

55,723,005 

 

Joseph G. Doody

 

263,725,111 

 

 

5,680,797 

 

 

400,433 

 

 

55,723,005 

 

David J.S. Flaschen

 

250,919,957 

 

 

18,504,746 

 

 

381,638 

 

 

55,723,005 

 

Phillip Horsley

 

263,729,017 

 

 

5,689,795 

 

 

387,529 

 

 

55,723,005 

 

Grant M. Inman

 

254,021,861 

 

 

15,398,267 

 

 

386,213 

 

 

55,723,005 

 

Martin Mucci

 

267,224,528 

 

 

2,203,791 

 

 

378,022 

 

 

55,723,005 

 

Joseph M. Tucci

 

240,094,781 

 

 

29,341,349 

 

 

370,211 

 

 

55,723,005 

 

Joseph M. Velli

 

263,815,279 

 

 

5,605,150 

 

 

385,912 

 

 

55,723,005 

 

Kara Wilson

 

267,507,095 

 

 

1,921,078 

 

 

378,168 

 

 

55,723,005 

 









 

 

 

 

 

 

 

 

 

 

 

 

Advisory Vote To Approve Named Executive Officer Compensation

 

For

 

Against

 

Abstain

 

Broker

Non-Votes



 

259,523,495 

 

 

9,192,682 

 

 

1,090,164 

 

 

55,723,005 

 







 

 

 

 

 

 

 

 

 

 

Advisory vote on the Frequency of Future Advisory Votes on Named Executive Officer Compensation

 

One Year

 

Two years

 

Three Years

 

Abstain

 

Broker

Non-Votes



 

240,257,529 

 

3,404,909 

 

25,319,707 

 

824,196 

 

55,723,005 





icewa

 

 

 

 

 

 

 

 

 

Ratification of Selection of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm

 

For

 

Against

 

Abstain



 

323,076,691 

 

 

1,829,613 

 

 

623,042 

 



 





 


 

 

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.



7

 

 

 



 

 

 



 

 

PAYCHEX, INC.



 

 

Date:

October 12, 2017

 

/s/ Martin Mucci



 

 

Martin Mucci



 

 

President and Chief Executive Officer



 

 

Date:

October 12, 2017

 

/s/ Efrain Rivera



 

 

Efrain Rivera



 

 

Senior Vice President, Chief Financial Officer, and Treasurer