<SEC-DOCUMENT>0000723531-17-000051.txt : 20171018
<SEC-HEADER>0000723531-17-000051.hdr.sgml : 20171018
<ACCEPTANCE-DATETIME>20171017175434
ACCESSION NUMBER:		0000723531-17-000051
CONFORMED SUBMISSION TYPE:	424B7
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20171018
DATE AS OF CHANGE:		20171017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAYCHEX INC
		CENTRAL INDEX KEY:			0000723531
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700]
		IRS NUMBER:				161124166
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		424B7
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-220996
		FILM NUMBER:		171141401

	BUSINESS ADDRESS:	
		STREET 1:		911 PANORAMA TRAIL S
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14625-0397
		BUSINESS PHONE:		5853856666

	MAIL ADDRESS:	
		STREET 1:		911 PANORAMA TRAIL SOUTH
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14625-0397
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B7
<SEQUENCE>1
<FILENAME>payx-20171017.htm
<DESCRIPTION>PROSPECTUS SUPPLEMENT ON FORM 424B7
<TEXT>
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			Prospectus Supplement
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:9.5pt;">Filed Pursuant to Rule 424(b)(7)</font>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:9.5pt;">File No. 333- </font><font style="display: inline;font-weight:bold;color:#000000;font-size:9.5pt;">220996</font><font style="display: inline;font-weight:bold;color:#000000;font-size:9.5pt;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:9.5pt;">CALCULATION OF REGISTRATION FEE</font>
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					<p style="margin:12.45pt 0pt 0.9pt;line-height:9.15pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Title of Each Class of </font><br /><font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Securities to be Registered</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Amount to be Registered</font></p>
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					<p style="margin:3.3pt 0pt 0.9pt;line-height:9.15pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Proposed Maximum </font><br /><font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Offering Price </font><br /><font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Per Share(2)</font></p>
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					<p style="margin:3.3pt 0pt 0.9pt;line-height:9.15pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Proposed Maximum </font><br /><font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Aggregate </font><br /><font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Offering Price(2)</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Amount of </font><br /><font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Registration Fee(3)</font></p>
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						<font style="display: inline;color:#000000;font-size:8pt;">Common stock, par value $0.01 per share(1)</font></p>
				</td>
				<td valign="middle" style="width:21.16%;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;height:15.05pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">465,209&nbsp;
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					<p style="margin:2.9pt 0pt 2.5pt;line-height:8.95pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">$63.50</font></p>
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					<p style="margin:2.9pt 0pt 2.5pt;line-height:8.95pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">$29,540,771.50</font></p>
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					<p style="margin:2.9pt 0pt 2.5pt;line-height:8.95pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">$3,677.83</font></p>
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:3pt;"><p style="width:3pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:9.75pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 8pt;margin:0pt 7.2pt 6pt 0pt;">
				<font style="margin:0pt 7.2pt 6pt 0pt;font-family:Times New Roman;text-decoration:none;color:#000000;font-size:8pt;line-height:9.75pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> (1)</font>
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			<p style="line-height:9.75pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 8pt;margin:0pt 7.2pt 6pt 0pt;">
			<font style="display: inline;color:#000000;font-size:8pt;">Pursuant to Rule 416(a) of the Securities Act of 1933, as amended</font><font style="display: inline;color:#000000;font-size:8pt;"> (the &#x201C;Securities Act&#x201D;)</font><font style="display: inline;color:#000000;font-size:8pt;">, this Registration Statement shall also cover any additional shares of the Registrant&#x2019;s common stock that become issuable with respect to the securities registered hereby by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of the Registrant&#x2019;s outstanding shares of common stock.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:3pt;"><p style="width:3pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:10.1pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 8pt;margin:2.6pt 18pt 12pt 0pt;">
				<font style="margin:2.6pt 18pt 12pt 0pt;font-family:Times New Roman;text-decoration:none;color:#000000;font-size:8pt;line-height:10.1pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> (2)</font>
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		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:10.1pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 8pt;margin:2.6pt 18pt 12pt 0pt;">
			<font style="display: inline;color:#000000;font-size:8pt;">Estimated in accordance with Rule 457(c) solely for purposes of calculating the registration fee on the basis of the average of the high and low prices of the Registrant&#x2019;s common stock as reported on the </font><font style="display: inline;color:#000000;font-size:8pt;">NASDAQ Global Select Market on</font><font style="display: inline;color:#000000;font-size:8pt;"> October</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">11</font><font style="display: inline;color:#000000;font-size:8pt;">, 2017.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:3pt;"><p style="width:3pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;">
			<p style="line-height:9.75pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 8pt;margin:0pt 7.2pt 6pt 0pt;">
				<font style="margin:0pt 7.2pt 6pt 0pt;font-family:Times New Roman;text-decoration:none;color:#000000;font-size:8pt;line-height:9.75pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> (3)</font>
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		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:9.75pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 8pt;margin:0pt 7.2pt 6pt 0pt;">
			<font style="display: inline;color:#000000;font-size:8pt;">Calculated and paid in accordance with Rules 456(b) and 457(r) under the Securities Act. </font></p></td></tr></table></div>
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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
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			<font style="display: inline;font-weight:bold;color:#000000;">Prospectus</font><font style="display: inline;font-weight:bold;color:#000000;"> Supplement</font>
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		<p style="margin:0.8pt 0pt 0pt;line-height:14.75pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">(To Prospectus dated October </font><font style="display: inline;color:#000000;">17</font><font style="display: inline;color:#000000;">, 2017)</font><font style="display: inline;color:#000000;">&nbsp;</font>
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			<font style="display: inline;font-weight:bold;font-size:22pt;">&#xFEFF;</font>
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		<p style="margin:12pt 0pt 24pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 22pt">
			<font style="display: inline;font-weight:bold;font-size:22pt;">Paychex, Inc.</font>
		</p>
		<p style="margin:6pt 0pt 18.6pt;line-height:14.75pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:13.5pt;">465,209</font><font style="display: inline;font-weight:bold;color:#000000;font-size:13.5pt;"> &nbsp;S</font><font style="display: inline;font-weight:bold;color:#000000;font-size:13.5pt;">hares of </font><font style="display: inline;font-weight:bold;color:#000000;font-size:13.5pt;">Common Stock</font>
		</p>
		<p style="margin:11.35pt 0pt 0pt 27.35pt;line-height:11.45pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">This prospectus supplement registers for resale, from time to time, up to </font><font style="display: inline;color:#000000;">465,</font><font style="display: inline;color:#000000;">209</font><font style="display: inline;color:#000000;"> shares of </font><font style="display: inline;color:#000000;">our common stock, par value $0.</font><font style="display: inline;color:#000000;">01 per share, by the selling stockholders named </font><font style="display: inline;color:#000000;">in this prospectus supplement</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">The prices at which such selling stockholders may dispose of their shares will be determined by the selling stockholders or their transferees. </font><font style="display: inline;color:#000000;">We will not receive any proceeds from the sale of the shares by the selling stockholders.</font>
		</p>
		<p style="margin:12.65pt 0pt 0pt 27pt;line-height:11.45pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The </font><font style="display: inline;color:#000000;">shares of common stock covered by this prospectus supplement were issued to the selling stockholders in connection with our acquisition of </font><font style="display: inline;color:#000000;">HR Outsourcing Holdings, Inc.</font><font style="display: inline;color:#000000;"> in August 2017. </font><font style="display: inline;color:#000000;">The selling </font><font style="display: inline;color:#000000;">stockholders </font><font style="display: inline;color:#000000;">may </font><font style="display: inline;color:#000000;">offer and resell</font><font style="display: inline;color:#000000;"> the shares of </font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">ommon </font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;">tock </font><font style="display: inline;color:#000000;">through ordinary brokerage transactions or through any other means described in this prospectus supplement under the heading </font><font style="display: inline;color:#000000;">&#x201C;Plan of Distribution.&#x201D;</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">The selling stockholders may sell any, all or none of the shares of common stock offered by this prospectus supplement. </font><font style="display: inline;color:#000000;">The timing and amount of any sale is within the sole discretion of the applicable selling stockholder.</font>
		</p>
		<p style="margin:12pt 0pt 18pt 27.35pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Our common stock is listed on the </font><font style="display: inline;color:#000000;">NASDAQ Global Select Market</font><font style="display: inline;color:#000000;"> under the symbol &#x201C;</font><font style="display: inline;color:#000000;">PAYX</font><font style="display: inline;color:#000000;">.&#x201D; On </font><font style="display: inline;color:#000000;">October 16</font><font style="display: inline;color:#000000;">, 201</font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;">, the last reported sale price for our common stock was $</font><font style="display: inline;color:#000000;">63.45</font><font style="display: inline;color:#000000;"> per share.</font>
		</p>
		<p style="margin:0pt 28.1pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">____________________</font>
		</p>
		<p style="margin:0pt 0pt 0pt 27.35pt;text-indent:36pt;vertical-align:baseline;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt 27.35pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;">Investing in our common stock involves ri</font><font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;">sks. See &#x201C;Risk Factors&#x201D; on page </font><font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;">S-</font><font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;">4</font><font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;"> of this prospectus</font><font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;"> supplement</font><font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;">, as well as those risk factors discussed in detail in Part I - Item 1A of our Annual Report on Form 10-K for the </font><font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;">year ended May 31, 2017,</font><font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;"> as filed with the Securities and Exchange Commission.</font>
		</p>
		<p style="margin:0pt 28.1pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">____________________</font>
		</p>
		<p style="margin:0pt 28.1pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 3.6pt 12pt 27.35pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or </font><font style="display: inline;font-weight:bold;color:#000000;">passed upon the adequacy or accuracy of this prospectus </font><font style="display: inline;font-weight:bold;color:#000000;">supplement </font><font style="display: inline;font-weight:bold;color:#000000;">or </font><font style="display: inline;font-weight:bold;color:#000000;">the accompanying </font><font style="display: inline;font-weight:bold;color:#000000;">prospectus</font><font style="display: inline;font-weight:bold;color:#000000;">. Any representation to the contrary is a criminal offense.</font>
		</p>
		<p style="margin:0pt 28.1pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">____________________</font>
		</p>
		<p style="margin:30pt 3.6pt 12pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The date of this prospectus </font><font style="display: inline;color:#000000;">supplement </font><font style="display: inline;color:#000000;">is</font><font style="display: inline;color:#000000;"> October 17</font><font style="display: inline;color:#000000;">, 2017</font><font style="display: inline;color:#000000;font-size:10.5pt;">.</font>
		</p>
		<p style="margin:24pt 0pt 0pt;font-family:Times New Roman;font-size: 11pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt -18pt 12pt 0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -18pt 12pt 0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -18pt 12pt 0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;"></font><font style="display: inline;">2</font><font style="display: inline;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			<font style="display: inline;">4823-5889-1345.3</font>

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			<font style="display: inline;">4823-5889-1345.3</font>

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
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					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
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				<td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">TABLE OF CONTENTS</font></p>
				</td>
				<td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
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				<td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Prospectus Supplement</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;text-decoration:underline;">&#xFEFF;</font></p>
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				<td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;text-decoration:underline;">Page</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">ABOUT THIS PROSPECTUS SUPPLEMENT</font></p>
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				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-1</font></p>
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				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-1</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">THE OFFERING</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-3</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">RISK FACTORS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-4</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">USE OF PROCEEDS</font></p>
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				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-5</font></p>
				</td>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">SELLING STOCKHOLDERS</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-5</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">PLAN OF DISTRIBUTION</font></p>
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				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-7</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">LEGAL MATTERS</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-9</font></p>
				</td>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">EXPERTS</font></p>
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				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-9</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">WHERE YOU CAN FIND MORE INFORMATION</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-10</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">S-10</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Prospectus</font></p>
				</td>
				<td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;text-decoration:underline;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;text-decoration:underline;">Page</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">ABOUT THIS PROSPECTUS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">1</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">1</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">ABOUT THE COMPANY</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">3</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">RISK FACTORS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">3</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">USE OF PROCEEDS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">3</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">SELLING STOCKHOLDERS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">4</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">DESCRIPTION OF PAYCHEX CAPITAL STOCK</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">4</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">PLAN OF DISTRIBUTION</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">5</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">LEGAL MATTERS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">6</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">EXPERTS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">6</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">WHERE YOU CAN FIND MORE INFORMATION</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">6</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">6</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:28.8pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:28.8pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:28.8pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:49pt;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;"></font><font style="display: inline;">3</font><font style="display: inline;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			<font style="display: inline;">4823-5889-1345.3</font>

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			<font style="display: inline;">4823-5889-1345.3</font>

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc494895121"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">ABOUT THIS PROSPECTUS</font><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;"> SUPPLEMENT</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">This prospectus</font><font style="display: inline;color:#000000;"> supplement</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and the accompanying prospectus are</font><font style="display: inline;color:#000000;"> part of a registration statement on Form S-3 that we filed with the Securities and Exchange Commission</font><font style="display: inline;color:#000000;">, or SEC, </font><font style="display: inline;color:#000000;">using the </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;color:#000000;">shelf</font><font style="display: inline;color:#000000;">&#x201D;</font><font style="display: inline;color:#000000;"> registration process. Under this shelf registration process, the selling </font><font style="display: inline;color:#000000;">stock</font><font style="display: inline;color:#000000;">holders </font><font style="display: inline;color:#000000;">identified in this prospectus supplement </font><font style="display: inline;color:#000000;">may, from time to time, sell the offered securities</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">in one or more offerings or resales</font><font style="display: inline;color:#000000;"> as described in this </font><font style="display: inline;color:#000000;">prospectus supplement</font><font style="display: inline;color:#000000;"> and the accompanying prospectus</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Both this prospectus supplement and the accompanying prospectus include or incorporate by reference important information about us, our common stock and other information you should know before investing.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">You should read both this </font><font style="display: inline;color:#000000;">prospectus</font><font style="display: inline;color:#000000;"> supplement</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and the accompanying prospectus</font><font style="display: inline;color:#000000;"> together with the additional information about our company to which we refer you in the section of this prospectus entitled </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;color:#000000;">Where You Can Find More Information.</font><font style="display: inline;color:#000000;">&#x201D;</font><font style="display: inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">You should rely only on the information contained in this </font><font style="display: inline;color:#000000;">prospectus supplement and the accompanying prospectus</font><font style="display: inline;color:#000000;">, including the </font><font style="display: inline;color:#000000;">information incorporate</font><font style="display: inline;color:#000000;">d</font><font style="display: inline;color:#000000;"> by reference</font><font style="display: inline;color:#000000;"> herein</font><font style="display: inline;color:#000000;">, and any free writing prospectus that we prepare and distribute</font><font style="display: inline;color:#000000;">. Neither we nor the selling stockholders have authorized anyone else to provide you with different information. The securities are not being offered in any jurisdiction where the offer or sale is not permitted. You should not assume that the information contained in this prospectus </font><font style="display: inline;color:#000000;">supplement</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">accompanying prospectus</font><font style="display: inline;color:#000000;"> or any free writing prospectus </font><font style="display: inline;color:#000000;">is accurate on any date subsequent to the date set forth on the front of the </font><font style="display: inline;color:#000000;">respective </font><font style="display: inline;color:#000000;">document</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> or that any information we have incorporated by reference is correct on any date subsequent to the date of the document incorporated by reference, even though this prospectus and any accompanying prospectus supplement is delivered or securities are sold on a later date.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Our business, financial condition, results of operations and prospects may have changed materially since those dates.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">This prospectus supplement may add to, update</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> or change the information in the accompanying prospectus. If information in this prospectus supplement is inconsistent with information in the accompanying prospectus, this prospectus supplement will apply and will supersede that information in the accompanying prospectus.</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc494895122"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:32.4pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">This </font><font style="display: inline;color:#000000;">prospectus supplement</font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;">the accompanying </font><font style="display: inline;color:#000000;">prospectus </font><font style="display: inline;color:#000000;">contain </font><font style="display: inline;color:#000000;">and incorporate by reference forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the &#x201C;Securities Act&#x201D;), and Section 21E of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act</font><font style="display: inline;color:#000000;">&#x201D;). </font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Forward-looking statements can be identified by such words and phrases as &#x201C;we expect,&#x201D; &#x201C;expected to,&#x201D; &#x201C;estimates,&#x201D; &#x201C;estimated,&#x201D; &#x201C;overview,&#x201D; &#x201C;current outlook,&#x201D; &#x201C;we look forward to,&#x201D; &#x201C;would equate to,&#x201D; &#x201C;projects,&#x201D; &#x201C;projections,&#x201D; &#x201C;projected to be,&#x201D; &#x201C;anticipates,&#x201D; &#x201C;anticipated,&#x201D; &#x201C;we believe,&#x201D; &#x201C;believes,&#x201D; &#x201C;could be,&#x201D; and other similar words or phrases. Examples of forward-looking statements include, among others, statements we make regarding operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to our outlook, revenue growth, earnings, earnings-per-share growth, or similar projections.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:32.4pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on </font><font style="display: inline;color:#000000;">our </font><font style="display: inline;color:#000000;">current</font><font style="display: inline;color:#000000;"> beliefs, expectations</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> and assumptions</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict, many of which are outside our control. Our actual results and financial conditions may differ materially from those indicated in the forward-looking statements. Therefore, you should not place undue reliance upon any of these forward-looking statements. Important factors that could </font>
		</p>
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			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">1</font><font style="display: inline;"></font>

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt"><font style="display: inline;color:#000000;">cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following</font><font style="display: inline;color:#000000;">:</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">general market and economic conditions including, among others, changes in U.S. employment and wage levels, changes to new hiring trends, legislative changes to stimulate the economy, changes in short- and long-term interest rates, changes in the fair value and the credit rating of securities held by us, and accessibility of financing;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">changes in demand for our services and products, ability to develop and market new services and products effectively, pricing changes, and the impact of competition;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">changes in the availability of skilled workers, in particular those supporting our technology and product development;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">changes in the laws regulating collection and payment of payroll taxes, professional employer organizations, and employee benefits, including retirement plans, workers&#x2019; compensation</font><font style="display: inline;color:#000000;"> insurance</font><font style="display: inline;color:#000000;">, health insurance (including health care reform legislation), state unemployment, and section 125 plans;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">changes in health insurance and workers&#x2019; compensation</font><font style="display: inline;color:#000000;"> insurance</font><font style="display: inline;color:#000000;"> rates and underlying claims trends;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">changes in technology that adversely affect our products and services and impact our ability to provide timely enhancements to services and products;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the possibility of cyber-attacks, security breaches, or other security vulnerabilities that could disrupt operations or expose confidential client data, and could also result in reduced revenues, increased costs, liability claims, or harm to our competitive position;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the possibility of</font><font style="display: inline;color:#000000;"> the</font><font style="display: inline;color:#000000;"> failure of our operating facilities, or the failure of our computer systems, and communication systems during a catastrophic event;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the possibility of third-party service providers failing to perform their functions;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the possibility of a failure of internal controls or our inability to implement business processing improvements;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the possibility that we may be subject to liability for violations of employment or discrimination laws by our clients and acts or omissions of client employees who may be deemed to be our agents, even if we do not participate in any such acts or violations, including possible liability related to our co-employment relationship with our prof</font><font style="display: inline;color:#000000;">essional employer organization;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;color:#000000;">potentially unfavorable outcomes related to </font><font style="display: inline;color:#000000;">pending or future legal matters; and</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;color:#000000;">risks related to the integration of the businesses we acquire.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">These and other risks and uncertainties may cause our actual results to differ materially and adversely from those expressed in any forward-looking statements. Investors are directed to risks and uncertainties referenced below under &#x201C;Risk Factors&#x201D; and elsewhere in this </font><font style="display: inline;color:#000000;">prospectus supplement, the accompanying prospectus and the documents incorporated by reference herein</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">for additional detail regarding factors that may cause actual results to be different than those expressed in our forward-looking statements.</font><font style="display: inline;color:#000000;"> Investors are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.</font><font style="display: inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The information provided </font><font style="display: inline;color:#000000;">or incorporated by reference </font><font style="display: inline;color:#000000;">in this </font><font style="display: inline;color:#000000;">prospectus</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">supplement </font><font style="display: inline;color:#000000;">is based upon the facts and circumstances known at this time, and any forward-looking statements made by us </font><font style="display: inline;color:#000000;">or incorporated by reference </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">2</font><font style="display: inline;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt"><font style="display: inline;color:#000000;">in this </font><font style="display: inline;color:#000000;">prospectus</font><font style="display: inline;color:#000000;"> speak only as of the date on which they are made.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Except as required by law, we undertake no obligation to revise or update publicly any forward-looking statements for any reason.</font>
		</p>
		<p style="margin:0pt 0pt 12pt 27pt;text-indent:27pt;font-family:Times New Roman;font-size: 11pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc494895123"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">THE OFFERING</font></p></td></tr></table></div>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:486.90pt;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:252.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:220.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">Common stock offered by the selling stockholders</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:220.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">465,209 </font><font style="display: inline;color:#000000;">shares of our common stock, par value $0.01 per share.</font><font style="display: inline;color:#000000;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 6pt">
						<font style="display: inline;font-size:6pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:220.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">Offering Price</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:220.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">To be determined by prevailing market prices at the time of sale, prices related to such market price, a fixed price or prices subject to change</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> or at negotiated prices.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 6pt">
						<font style="display: inline;font-size:6pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:220.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">Use of proceeds after expenses</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:220.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">We will not receive any proceeds from the sale of shares by the selling stockholders.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 6pt">
						<font style="display: inline;font-size:6pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:220.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">Risk Factors</font><font style="display: inline;color:#000000;"></font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:220.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">See &#x201C;Ris</font><font style="display: inline;color:#000000;">k Factors&#x201D; beginning on page </font><font style="display: inline;color:#000000;">S-</font><font style="display: inline;color:#000000;">4</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and other information included or incorporated by reference in this prospectus supplement and the accompanying prospectus for a discussion of factors you should carefully consider before deciding to invest in shares of our common stock.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 6pt">
						<font style="display: inline;font-size:6pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:220.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:252.90pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">NASDAQ Global Select Market Symbol</font></p>
				</td>
				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:220.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 6pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">PAYX</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The shares of our common stock covered by this prospectus supplement may be sold by the selling stockholders from time to time at prices determined by the selling stockholders at the time of sale. </font><font style="display: inline;color:#000000;">The selling stockholders acquired these shares from us in a private offering pursuant to an exemption from registration provided in Section 4(a)(2) of the Securities Act or Regulation D, Rule 506 thereunder in connection with our acquisition of HR Outsourcing Holdings, Inc., or HROI, in a merger transaction completed in August 2017.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">For </font><font style="display: inline;color:#000000;">additional </font><font style="display: inline;color:#000000;">information concerning the shares of our common stock that may be offered from time to time by the selling stockholders pursuant to this prospectus supplement, see &#x201C;Selling Stockholders&#x201D;</font><font style="display: inline;color:#000000;"> beginning on page </font><font style="display: inline;color:#000000;">S-</font><font style="display: inline;color:#000000;">5</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Additional information about us can be found in our documents filed with the SEC</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">which are incorporated by reference herein. See &#x201C;Where You Can Find More Information&#x201D; and &#x201C;</font><font style="display: inline;color:#000000;">Incorporation of Certain Documents by</font><font style="display: inline;color:#000000;"> Reference&#x201D; in this prospectus supplement.</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Our </font><font style="display: inline;color:#000000;">principal executive offices</font><font style="display: inline;color:#000000;"> are located at </font><font style="display: inline;color:#000000;">911 Panorama Trail South, Rochester</font><font style="display: inline;color:#000000;">, New York 1</font><font style="display: inline;color:#000000;">4625-2396</font><font style="display: inline;color:#000000;"> and our </font><font style="display: inline;color:#000000;">principal</font><font style="display: inline;color:#000000;"> website </font><font style="display: inline;color:#000000;">address is</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">www.paychex.com</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Information on </font><font style="display: inline;color:#000000;">or accessible through </font><font style="display: inline;color:#000000;">our website is not incorporated into this prospectus supplement or the accompanying prospectus.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">When used in this prospectus</font><font style="display: inline;color:#000000;"> supplement</font><font style="display: inline;color:#000000;">, the terms &#x201C;the Company,&#x201D; &#x201C;Paychex,&#x201D; &#x201C;issuer,&#x201D; &#x201C;we,&#x201D; &#x201C;our,&#x201D; and &#x201C;us&#x201D; refer to </font><font style="display: inline;color:#000000;">Paychex, I</font><font style="display: inline;color:#000000;">nc. and its consolidated subsidiaries, unless otherwise specified.</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-indent:36pt;font-family:Times New Roman;font-size: 11pt">
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			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">3</font><font style="display: inline;"></font>

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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc494895124"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">RISK FACTORS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Investing in our common stock involves risks. You should not purchase shares of our common stock unless you understand these investment risks. Please be aware that other risks may prove to be important in the future. New risks may emerge at any time, and we cannot predict such risks or estimate the extent to which they may affect our financial performance. Before purchasing any shares of our common stock, you should consider carefully the information in this prospectus </font><font style="display: inline;color:#000000;">supplement and the accompanying prospectus</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and carefully read the risks described below</font><font style="display: inline;color:#000000;"> and </font><font style="display: inline;color:#000000;">in the documents incorporated by reference in this prospectus</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">supplement and the accompanying prospectus</font><font style="display: inline;color:#000000;">, including the discussion under &#x201C;Part I-Item 1A. Risk Factors&#x201D; in our Annual Report on Form 10-K for </font><font style="display: inline;color:#000000;">the year ended May 31, 2017, as such discussion may be amended or updated in other reports filed by us wi</font><font style="display: inline;color:#000000;">th the SEC. </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Realization of any of those risks or the following risks or adverse results from any matter listed under the heading &#x201C;</font><font style="display: inline;color:#000000;">Cautionary Statement</font><font style="display: inline;color:#000000;"> Regarding Forward-Looking Statements&#x201D; in this prospectus </font><font style="display: inline;color:#000000;">supplement </font><font style="display: inline;color:#000000;">or in our reports filed with the SEC under </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Exchange Act could have a material adverse effect on our business, financial condition, cash flows and results of operations and could result in a decline in the market price of our common stock. As a result, you could lose all or part of your investment in the shares of our common stock. The following risks and uncertainties and the risks and uncertainties we discuss in the documents incorporated by reference in this prospectus</font><font style="display: inline;color:#000000;"> supplement and the accompanying prospectus</font><font style="display: inline;color:#000000;"> are those we currently believe may materially affect our company.</font>
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		<p style="margin:0pt 0pt 12pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Risks Related to Our Common Stock</font>
		</p>
		<p style="margin:0pt 0pt 12pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">We may reduce or cease to pay dividends on our common stock.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We can provide no assurance that we will continue to pay dividends on our common stock at the current rate or at all. The determination of the amount of future cash dividends, if any, to be declared and paid on our common stock will depend upon, among other factors, our financial condition, cash flow and future business prospects.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">There may be future dilution of our common stock, which may adversely affect the market price of our common stock.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We are not restricted from selling or issuing additional shares of our common stock or securities convertible into or exchangeable for our common stock. In addition, holders of shares of our common stock are not entitled to any preemptive rights </font><font style="display: inline;color:#000000;">-</font><font style="display: inline;color:#000000;"> that is, rights to purchase their pro rata share of any offering of shares of our common stock </font><font style="display: inline;color:#000000;">-</font><font style="display: inline;color:#000000;"> and, therefore, any sales or issuances by us of our common stock or securities convertible into or exchangeable for our common stock could result in increased dilution to our stockholders, and such dilution could be substantial. The market price of our common stock may be adversely affected by sales or issuances of additional shares of our common stock or securities convertible into or exchangeable for our common stock, or by the perception that such a sale or issuance or other dilution may occur. Our Restated Certificate of Incorporation</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">authorizes our board of directors to issue up to 600,000,000 shares of our common stock, $0.01 par value per share. </font><font style="display: inline;color:#000000;">As of </font><font style="display: inline;color:#000000;">September 29</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">2017, there were </font><font style="display: inline;color:#000000;">359,329,193</font><font style="display: inline;color:#000000;"> shares of our common stock outstanding and </font><font style="display: inline;color:#000000;">240,670,807 </font><font style="display: inline;color:#000000;">shares of our common stock available for future issuance.</font>
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			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">5</font><font style="display: inline;"></font>

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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc494895125"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">USE OF PROCEEDS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">All of the shares of common stock being offered hereby are being sold by the selling stockholders identified in this prospectus supplement</font><font style="display: inline;color:#000000;">. &nbsp;</font><font style="display: inline;color:#000000;">We will not receive any proceeds from the sale of shares of common stock. </font>
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc494895126"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">SELLING STOCKHOLDERS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">This prospectus supplement relate</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> to the </font><font style="display: inline;color:#000000;">resale of up to </font><font style="display: inline;color:#000000;">465</font><font style="display: inline;color:#000000;">,209</font><font style="display: inline;color:#000000;"> shares of </font><font style="display: inline;color:#000000;">our </font><font style="display: inline;color:#000000;">common stock </font><font style="display: inline;color:#000000;">held by the </font><font style="display: inline;color:#000000;">selling stockholders</font><font style="display: inline;color:#000000;"> listed below</font><font style="display: inline;color:#000000;">. &nbsp;</font><font style="display: inline;color:#000000;">The selling stockholders may from time to time offer and sell pursuant to this prospectus </font><font style="display: inline;color:#000000;">supplement and the accompanying prospectus </font><font style="display: inline;color:#000000;">any or all of the shares of our common stock being registered.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Any</font><font style="display: inline;color:#000000;"> proceeds from the sale of the common stock offered pursuant to this prospectus supplement and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">accompanying prospectus are solely for the account of the selling stockholders.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The selling stockholders </font><font style="display: inline;color:#000000;">acquired these shares from us in a private offering pursuant to an exemption from registration provided in Section 4(a)(2) of the Securities Act or Regulation D, Rule 506 thereunder in connection with our acquisition </font><font style="display: inline;color:#000000;">of </font><font style="display: inline;color:#000000;">HR Outsourcing Holdings, Inc.</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> or HROI</font><font style="display: inline;color:#000000;">, in a merger transaction completed in August 2017</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Under the </font><font style="display: inline;color:#000000;">merger agreement for the HROI acquisition</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">we agreed to file a</font><font style="display: inline;color:#000000;"> registration </font><font style="display: inline;color:#000000;">statement on Form S-3 covering the resale of certain shares</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">issued</font><font style="display: inline;color:#000000;"> to the selling stockholders </font><font style="display: inline;color:#000000;">in the </font><font style="display: inline;color:#000000;">merger, subject to the timely receipt of </font><font style="display: inline;color:#000000;">necessary </font><font style="display: inline;color:#000000;">information</font><font style="display: inline;color:#000000;"> from the selling stockholders</font><font style="display: inline;color:#000000;">. This prospectus supplement is part of such registration statement filed on Form S-3, and relates to </font><font style="display: inline;color:#000000;">certain </font><font style="display: inline;color:#000000;">fully vested shares of Paychex common stock issued</font><font style="display: inline;color:#000000;"> as of August 18, 2017, the date</font><font style="display: inline;color:#000000;"> of closing of</font><font style="display: inline;color:#000000;"> our acquisition of HROI,</font><font style="display: inline;color:#000000;"> and registered for resale pursuant to and in accordance with the terms of the merger agreement</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">as further described below</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">In connection with the </font><font style="display: inline;color:#000000;">closing of the HROI acquisition, </font><font style="display: inline;color:#000000;">certain </font><font style="display: inline;color:#000000;">HROI stockholders were entitled to receive, in exchange for their shares of capital stock of HROI, an aggregate of 725,137 sha</font><font style="display: inline;color:#000000;">res of Paychex&#x2019;s common stock. </font><font style="display: inline;color:#000000;">Of such shares</font><font style="display: inline;color:#000000;">, 482,925 were fully vested upon </font><font style="display: inline;color:#000000;">c</font><font style="display: inline;color:#000000;">losing </font><font style="display: inline;color:#000000;">of</font><font style="display: inline;color:#000000;"> the HROI acquisitio</font><font style="display: inline;color:#000000;">n</font><font style="display: inline;color:#000000;"> and 242,112</font><font style="display: inline;color:#000000;"> were issued subject to time-based </font><font style="display: inline;color:#000000;">or </font><font style="display: inline;color:#000000;">performance-based </font><font style="display: inline;color:#000000;">vesting conditions.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Under t</font><font style="display: inline;color:#000000;">he merger agreement</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">for the HROI acquisition</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">we agreed to file a registration statement </font><font style="display: inline;color:#000000;">on Form S-3 </font><font style="display: inline;color:#000000;">covering the resale of </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">fully vested shares</font><font style="display: inline;color:#000000;"> issued to the selling stockholders in the merger </font><font style="display: inline;color:#000000;">(excluding 3,491 of such fully vested shares, which shares are held in escrow to fund certain indemnification obligations to us related to this acquisition</font><font style="display: inline;color:#000000;">)</font><font style="display: inline;color:#000000;"> as soon as reasonably practicable, subject to the timely receipt of necessary information from the selling stockholders</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">The shares being offered do not include </font><font style="display: inline;color:#000000;">any </font><font style="display: inline;color:#000000;">shares held of record by the selling stockholders that were held in escrow pursuant to the terms of the merger agreement for the HROI </font><font style="display: inline;color:#000000;">acquisition</font><font style="display: inline;color:#000000;"> or shares subject to vesting conditions as of </font><font style="display: inline;color:#000000;">the date of closing of our acquisition of </font><font style="display: inline;color:#000000;">HROI. Additionally, c</font><font style="display: inline;color:#000000;">ertain former HROI stockholders entitled to receive fully vested shares of our common stock in the merger have not delivered the necessary documentation and </font><font style="display: inline;color:#000000;">information. Such former HROI stockholders are not identified in this prospectus supplement as selling stockholders and </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">fully vested </font><font style="display: inline;color:#000000;">shares</font><font style="display: inline;color:#000000;"> of our common stock</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">issuable to </font><font style="display: inline;color:#000000;">such former HROI stockholders </font><font style="display: inline;color:#000000;">are not included in the shares registered for resale </font><font style="display: inline;color:#000000;">under this prospectus supplement and accompanying prospectus.</font><font style="display: inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We have agreed to pay </font><font style="display: inline;color:#000000;">certain</font><font style="display: inline;color:#000000;"> fees and expenses incident to the registration and listing of the shares of common stock owned by the selling stockholders.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font><font style="display: inline;color:#000000;">Ou</font><font style="display: inline;color:#000000;">r</font><font style="display: inline;color:#000000;"> expenses for the registration of the shares of our common stock </font><font style="display: inline;color:#000000;">are estimated to be approximately $</font><font style="display: inline;color:#000000;">81,000</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The table below sets forth certain information known to us, based upon written representations from the selling stockholders, with respect to the beneficial ownership of our shares of common stock held by the selling stockholders</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> Because the selling stockholders may sell, transfer</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> or otherwise dispose of all, some</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> or none of the shares of our common stock covered by this prospectus</font><font style="display: inline;color:#000000;"> supplement</font><font style="display: inline;color:#000000;">, or may acquire </font>
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		<p><font size="1"> </font></p><div style="width:100%">

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			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">6</font><font style="display: inline;"></font>

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</div>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt"><font style="display: inline;color:#000000;">additional shares in transactions after </font><font style="display: inline;color:#000000;">the</font><font style="display: inline;color:#000000;"> date</font><font style="display: inline;color:#000000;"> of this prospectus supplement</font><font style="display: inline;color:#000000;">, we cannot determine the number of such shares that will be sold, transferred</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> or otherwise disposed of by the selling stockholders, or the amount or percentage of shares of our common stock that will be held by the selling stockholders upon termination of any particular offering. See &#x201C;Plan of Distribution.&#x201D; For purposes of the table below, we assume that the selling stockholders will sell all their shares of common stock covered by this prospectus </font><font style="display: inline;color:#000000;">supplement </font><font style="display: inline;color:#000000;">and</font><font style="display: inline;color:#000000;"> that no additional shares of common stock of the Company are subsequently bought or sold by the selling stockholders.</font>
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		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;">In the table below, the percentage of shares beneficially owned is based on </font><font style="display: inline;">359,329,193 </font><font style="display: inline;">shares of </font><font style="display: inline;">our common stock outstanding as </font><font style="display: inline;">of </font><font style="display: inline;">September 29</font><font style="display: inline;">, 2017, determined in accordance with Rule 13d-3 under the Exchange Act. </font><font style="display: inline;color:#000000;">Under such rule, beneficial ownership includes any shares over which the selling stockholder has sole or shared voting power or investment power and also any shares that the selling stockholder has the right to acquire within 60 days of such date through the exercise of any options or other rights. Except as otherwise indicated</font><font style="display: inline;color:#000000;"> and subject to applicable community property laws</font><font style="display: inline;color:#000000;">, we believe that the selling stockholders have sole voting and investment power with respect to all shares of the common stock shown as beneficially owned by them. The beneficial ownership information presented in this table is not necessarily indicative of beneficial </font><font style="display: inline;color:#000000;">ownership for any other purpose.</font>
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						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Name of Selling Stockholder</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:13.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td colspan="3" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:107.00pt;border-bottom:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Shares of Common Stock Beneficially Owned Prior to </font><font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Offering</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:27.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td rowspan="2" valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:76.50pt;border-bottom:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Number of Shares of Common Stock Being Registered for Resale</font></p>
				</td>
				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:27.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td colspan="3" valign="bottom" style="border-left:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:103.50pt;border-bottom:1pt solid #000000 ;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Shares of Common Stock Beneficially Owned After the Offering</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Number</font></p>
				</td>
				<td valign="bottom" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Percent</font></p>
				</td>
				<td valign="bottom" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Number</font></p>
				</td>
				<td valign="bottom" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">Percent</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;font-weight:bold;color:#000000;font-size:8pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:3.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">CCxCC, LLC(1)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">373,558&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">261,491&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">112,067&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Outsourcing Specialists, LLC(2)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">87,132&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">34,852&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">52,280&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Ava &amp; Oliver Company LLC(3)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">34,275&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">13,710&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">20,565&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Rebecca MacQueen</font><font style="display: inline;color:#000000;font-size:8pt;">(4</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">21,550&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">8,620&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">12,930&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Gilbert Enrique Aleman</font><font style="display: inline;color:#000000;font-size:8pt;">(5</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">41,166&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">16,466&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">24,700&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Alan MacQueen</font><font style="display: inline;color:#000000;font-size:8pt;">(6</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">5,743&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">2,297&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">3,446&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Erik Mikeal</font><font style="display: inline;color:#000000;font-size:8pt;">(7</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">5,644&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">2,257&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">3,387&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Jason Scott Poling</font><font style="display: inline;color:#000000;font-size:8pt;">(8</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">4,396&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,758&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">2,638&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Pamela Antoinette Mallder</font><font style="display: inline;color:#000000;font-size:8pt;">(9</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">2,851&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,140&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,711&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Mark McGhee</font><font style="display: inline;color:#000000;font-size:8pt;">(</font><font style="display: inline;color:#000000;font-size:8pt;">9</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">2,851&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,140&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,711&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Sarah McLeod Smith</font><font style="display: inline;color:#000000;font-size:8pt;">(</font><font style="display: inline;color:#000000;font-size:8pt;">9</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">2,851&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,140&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,711&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Shawna Taylor</font><font style="display: inline;color:#000000;font-size:8pt;">(1</font><font style="display: inline;color:#000000;font-size:8pt;">0</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,895&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">758&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,137&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Larry S. Shaver, Jr.</font><font style="display: inline;color:#000000;font-size:8pt;">(1</font><font style="display: inline;color:#000000;font-size:8pt;">1</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,809&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">724&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,085&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Anthony Danon</font><font style="display: inline;color:#000000;font-size:8pt;">(1</font><font style="display: inline;color:#000000;font-size:8pt;">2</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">374,903&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">262,029&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">112,874&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Carl William Guidice Jr. </font><font style="display: inline;color:#000000;font-size:8pt;">(1</font><font style="display: inline;color:#000000;font-size:8pt;">3</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">374,903&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">262,801&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">112,102&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Jerome Brian Cummiskey</font><font style="display: inline;color:#000000;font-size:8pt;">(1</font><font style="display: inline;color:#000000;font-size:8pt;">4</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">1,054&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">421&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">633&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Rees Timmerman Mitchell</font><font style="display: inline;color:#000000;font-size:8pt;">(1</font><font style="display: inline;color:#000000;font-size:8pt;">5</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">87,804&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">35,121&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">52,683&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Ward E. Harkness</font><font style="display: inline;color:#000000;font-size:8pt;">(</font><font style="display: inline;color:#000000;font-size:8pt;">16</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">380&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">152&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">228&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">William </font><font style="display: inline;color:#000000;font-size:8pt;">Patrick </font><font style="display: inline;color:#000000;font-size:8pt;">Myers</font><font style="display: inline;color:#000000;font-size:8pt;">(17</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">133,332&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;color:#000000;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">129,876&nbsp;
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;font-family:Times New Roman;font-size:8pt;text-align:right;" nowrap="nowrap">3,456&nbsp;
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:12.15pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="3" valign="top" style="width:118.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 0pt 36pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:48.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:76.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:right;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:27.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:45.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:right;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:13.50pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:44.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:19.75pt;padding:0pt 6.5pt">
					<p style="margin:2pt 0pt 0pt;text-align:right;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">*</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:19.75pt;padding:0pt 6.5pt">
					<p style="margin:2pt 0pt 0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Represents beneficial ownership of less than one percent of common stock outstanding.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:9.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(1)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:9.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 1pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the </font><font style="display: inline;color:#000000;font-size:8pt;">373,558 </font><font style="display: inline;color:#000000;font-size:8pt;">shares, </font><font style="display: inline;color:#000000;font-size:8pt;">112,067 </font><font style="display: inline;color:#000000;font-size:8pt;">shares are s</font><font style="display: inline;color:#000000;font-size:8pt;">ubject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain </font><font style="display: inline;color:#000000;font-size:8pt;">transfer restrictions</font><font style="display: inline;color:#000000;font-size:8pt;"> and vesting conditions</font><font style="display: inline;color:#000000;font-size:8pt;">. &nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Anthony Danon and</font><font style="display: inline;color:#000000;font-size:8pt;"> Carl </font><font style="display: inline;color:#000000;font-size:8pt;">William </font><font style="display: inline;color:#000000;font-size:8pt;">Guidice </font><font style="display: inline;color:#000000;font-size:8pt;">Jr. </font><font style="display: inline;color:#000000;font-size:8pt;">are the managing members of CCxCC, LLC</font><font style="display: inline;color:#000000;font-size:8pt;"> and share v</font><font style="display: inline;color:#000000;font-size:8pt;">oting and dispositive power </font><font style="display: inline;color:#000000;font-size:8pt;">with respect to these shares</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(2)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 1pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the 87,132 shares, 52,280 shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain </font><font style="display: inline;color:#000000;font-size:8pt;">transfer restrictions</font><font style="display: inline;color:#000000;font-size:8pt;"> and</font><font style="display: inline;color:#000000;font-size:8pt;"> vesting conditions</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Rees Timmerman Mitchell</font><font style="display: inline;color:#000000;font-size:8pt;"> is the </font><font style="display: inline;color:#000000;font-size:8pt;">sole</font><font style="display: inline;color:#000000;font-size:8pt;"> member of Outsourcing Specialists, LLC and has v</font><font style="display: inline;color:#000000;font-size:8pt;">oting and dispositive power </font><font style="display: inline;color:#000000;font-size:8pt;">with respect to these shares</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;"> &nbsp; &nbsp;</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(3)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 1pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the 34,275 shares, 20,565 shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain </font><font style="display: inline;color:#000000;font-size:8pt;">transfer restrictions and vesting conditions. Gilbert E</font><font style="display: inline;color:#000000;font-size:8pt;">nrique</font><font style="display: inline;color:#000000;font-size:8pt;"> Aleman is the managing member of Ava &amp; Oliver Company LLC and has sole voting and dispositive power with respect to these shares.&nbsp; </font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(4</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the 21,550 shares, 12,930 shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain </font><font style="display: inline;color:#000000;font-size:8pt;">transfer restrictions and vesting conditions.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(5</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 1pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Includes </font><font style="display: inline;color:#000000;font-size:8pt;">(x) </font><font style="display: inline;color:#000000;font-size:8pt;">34,275 shares held by Ava &amp; Ol</font><font style="display: inline;color:#000000;font-size:8pt;">iver Company LLC, an entity whos</font><font style="display: inline;color:#000000;font-size:8pt;">e sole beneficial owner is </font><font style="display: inline;color:#000000;font-size:8pt;">Mr.</font><font style="display: inline;color:#000000;font-size:8pt;"> Aleman</font><font style="display: inline;color:#000000;font-size:8pt;">, and</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">(y) </font><font style="display: inline;color:#000000;font-size:8pt;">6,891 shares held directly by Mr. Aleman</font><font style="display: inline;color:#000000;font-size:8pt;">,</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">of which </font><font style="display: inline;color:#000000;font-size:8pt;">4,135</font><font style="display: inline;color:#000000;font-size:8pt;"> shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain transfer restrictions and vesting conditions</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Mr. Aleman</font><font style="display: inline;color:#000000;font-size:8pt;"> was an </font><font style="display: inline;color:#000000;font-size:8pt;">executive vice president</font><font style="display: inline;color:#000000;font-size:8pt;"> of HROI prior to the Company&#x2019;s acquisition of that entity and</font><font style="display: inline;color:#000000;font-size:8pt;"> is currently </font><font style="display: inline;color:#000000;font-size:8pt;">a director of HROI and </font><font style="display: inline;color:#000000;font-size:8pt;">an employee of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its</font><font style="display: inline;color:#000000;font-size:8pt;"> subsidiaries.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(6</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the 5,743 shares, 3,446</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain transfer restrictions and vesting condition</font><font style="display: inline;color:#000000;font-size:8pt;">s.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Mr. MacQueen </font><font style="display: inline;color:#000000;font-size:8pt;">was an employee of HROI prior to the Company&#x2019;s acquisition of that entity and </font><font style="display: inline;color:#000000;font-size:8pt;">is </font><font style="display: inline;color:#000000;font-size:8pt;">currently an employee of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its</font><font style="display: inline;color:#000000;font-size:8pt;"> subsidiaries.</font></p>
				</td>
			</tr></table>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">7</font><font style="display: inline;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(7</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the </font><font style="display: inline;color:#000000;font-size:8pt;">5,644</font><font style="display: inline;color:#000000;font-size:8pt;"> shares, </font><font style="display: inline;color:#000000;font-size:8pt;">3,387</font><font style="display: inline;color:#000000;font-size:8pt;"> shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain transfer restrictions and vesting conditions</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Mr. M</font><font style="display: inline;color:#000000;font-size:8pt;">ikeal</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">was </font><font style="display: inline;color:#000000;font-size:8pt;">a senior vice p</font><font style="display: inline;color:#000000;font-size:8pt;">resident </font><font style="display: inline;color:#000000;font-size:8pt;">of HROI prior to the Company&#x2019;s acquisition of that entity and </font><font style="display: inline;color:#000000;font-size:8pt;">is currently </font><font style="display: inline;color:#000000;font-size:8pt;">a director of HROI and </font><font style="display: inline;color:#000000;font-size:8pt;">an employee of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its</font><font style="display: inline;color:#000000;font-size:8pt;"> subsidiaries</font><font style="display: inline;color:#000000;font-size:8pt;">.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(8</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the </font><font style="display: inline;color:#000000;font-size:8pt;">4,396</font><font style="display: inline;color:#000000;font-size:8pt;"> shares, </font><font style="display: inline;color:#000000;font-size:8pt;">2,638</font><font style="display: inline;color:#000000;font-size:8pt;"> shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain transfer restrictions and vesting conditions</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Mr. Poling </font><font style="display: inline;color:#000000;font-size:8pt;">was </font><font style="display: inline;color:#000000;font-size:8pt;">a &nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">vice p</font><font style="display: inline;color:#000000;font-size:8pt;">resident </font><font style="display: inline;color:#000000;font-size:8pt;">of HROI prior to the Company&#x2019;s acquisition of that entity and </font><font style="display: inline;color:#000000;font-size:8pt;">is</font><font style="display: inline;color:#000000;font-size:8pt;"> currently</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">an employee of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its</font><font style="display: inline;color:#000000;font-size:8pt;"> subsidiaries.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(9</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the </font><font style="display: inline;color:#000000;font-size:8pt;">2,851</font><font style="display: inline;color:#000000;font-size:8pt;"> shares, </font><font style="display: inline;color:#000000;font-size:8pt;">1,711</font><font style="display: inline;color:#000000;font-size:8pt;"> shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain transfer restrictions and vesting conditions</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;"> Ms. Mallder, Mr. McGhee and Ms. Smith </font><font style="display: inline;color:#000000;font-size:8pt;">were </font><font style="display: inline;color:#000000;font-size:8pt;">vice p</font><font style="display: inline;color:#000000;font-size:8pt;">residents</font><font style="display: inline;color:#000000;font-size:8pt;"> of HROI prior to the Company&#x2019;s acquisition of that entity and </font><font style="display: inline;color:#000000;font-size:8pt;">are currently </font><font style="display: inline;color:#000000;font-size:8pt;">employees of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its</font><font style="display: inline;color:#000000;font-size:8pt;"> subsidiaries.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(10</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the </font><font style="display: inline;color:#000000;font-size:8pt;">1,895</font><font style="display: inline;color:#000000;font-size:8pt;"> shares, </font><font style="display: inline;color:#000000;font-size:8pt;">1,137</font><font style="display: inline;color:#000000;font-size:8pt;"> shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain transfer restrictions and vesting conditions</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Ms. Taylor</font><font style="display: inline;color:#000000;font-size:8pt;"> was a vice p</font><font style="display: inline;color:#000000;font-size:8pt;">resident </font><font style="display: inline;color:#000000;font-size:8pt;">of HROI prior to the Company&#x2019;s acquisition of that entity and</font><font style="display: inline;color:#000000;font-size:8pt;"> is currently </font><font style="display: inline;color:#000000;font-size:8pt;">an employee of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its</font><font style="display: inline;color:#000000;font-size:8pt;"> subsidiaries.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:19.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(11</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:19.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the </font><font style="display: inline;color:#000000;font-size:8pt;">1,809</font><font style="display: inline;color:#000000;font-size:8pt;"> shares, </font><font style="display: inline;color:#000000;font-size:8pt;">1,085</font><font style="display: inline;color:#000000;font-size:8pt;"> shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain transfer restrictions and vesting conditions</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Mr. Shaver </font><font style="display: inline;color:#000000;font-size:8pt;">was </font><font style="display: inline;color:#000000;font-size:8pt;">a</font><font style="display: inline;color:#000000;font-size:8pt;"> senior vice p</font><font style="display: inline;color:#000000;font-size:8pt;">resident</font><font style="display: inline;color:#000000;font-size:8pt;"> of HROI prior to the Company&#x2019;s acquisition of that entity and </font><font style="display: inline;color:#000000;font-size:8pt;">is currently </font><font style="display: inline;color:#000000;font-size:8pt;">a director of HROI and </font><font style="display: inline;color:#000000;font-size:8pt;">an employee of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its</font><font style="display: inline;color:#000000;font-size:8pt;"> subsidiaries.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:18.45pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(12</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:18.45pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 1pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Includes (x) </font><font style="display: inline;color:#000000;font-size:8pt;">373,558 </font><font style="display: inline;color:#000000;font-size:8pt;">shares held by CCxCC, LLC, an entity </font><font style="display: inline;color:#000000;font-size:8pt;">of which </font><font style="display: inline;color:#000000;font-size:8pt;">Mr. Danon</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">is a manager and owner of 50% of the membership interests</font><font style="display: inline;color:#000000;font-size:8pt;">,</font><font style="display: inline;color:#000000;font-size:8pt;"> and (y) </font><font style="display: inline;color:#000000;font-size:8pt;">1,345</font><font style="display: inline;color:#000000;font-size:8pt;"> shares held directly by </font><font style="display: inline;color:#000000;font-size:8pt;">Mr. Danon</font><font style="display: inline;color:#000000;font-size:8pt;">,</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">of which </font><font style="display: inline;color:#000000;font-size:8pt;">807</font><font style="display: inline;color:#000000;font-size:8pt;"> shares are subject to </font><font style="display: inline;color:#000000;font-size:8pt;">certain transfer restrictions and vesting conditions</font><font style="display: inline;color:#000000;font-size:8pt;">. &nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Mr. Danon</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">served as</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">president and chief </font><font style="display: inline;color:#000000;font-size:8pt;">operating</font><font style="display: inline;color:#000000;font-size:8pt;"> officer</font><font style="display: inline;color:#000000;font-size:8pt;"> of HROI prior to the Company&#x2019;s acquisition of that entity and</font><font style="display: inline;color:#000000;font-size:8pt;"> is currently </font><font style="display: inline;color:#000000;font-size:8pt;">an employee of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its</font><font style="display: inline;color:#000000;font-size:8pt;"> subsidiaries.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:9.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(13</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:9.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 1pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Includes (x) </font><font style="display: inline;color:#000000;font-size:8pt;">373,558 </font><font style="display: inline;color:#000000;font-size:8pt;">shares held by CCxCC, LLC, an entity of which Mr. Guidice </font><font style="display: inline;color:#000000;font-size:8pt;">is a manager and owner of 50% of the membership interests</font><font style="display: inline;color:#000000;font-size:8pt;">, and (y) 1,345 shares held directly by Mr. </font><font style="display: inline;color:#000000;font-size:8pt;">Guidice</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;"> Of the 1,345 shares held directly by Mr. Guidice, </font><font style="display: inline;color:#000000;font-size:8pt;">35</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">fully vested s</font><font style="display: inline;color:#000000;font-size:8pt;">hares</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">are </font><font style="display: inline;color:#000000;font-size:8pt;">being held in escrow to fund </font><font style="display: inline;color:#000000;font-size:8pt;">certain</font><font style="display: inline;color:#000000;font-size:8pt;"> indemnification obligations to us related to the acquisition</font><font style="display: inline;color:#000000;font-size:8pt;"> and are not being registered for resale hereunder</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Mr. Guidice served as chief executive officer of HROI prior to the acquisition and, since August 21, 2017, has provided consulting services to</font><font style="display: inline;color:#000000;font-size:8pt;"> the Company or one of its subsidiaries.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(14</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 1pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the 1,054 shares, 633 shares are subject to certain transfer restrictions and vesting conditions.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Mr. Cummiskey </font><font style="display: inline;color:#000000;font-size:8pt;">was a benefits manager </font><font style="display: inline;color:#000000;font-size:8pt;">of HROI prior to the Company&#x2019;s acquisition of that entity and </font><font style="display: inline;color:#000000;font-size:8pt;">is currently </font><font style="display: inline;color:#000000;font-size:8pt;">an employee of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its</font><font style="display: inline;color:#000000;font-size:8pt;"> subsidiaries.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:20.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(15</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:20.70pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 1pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Includes (x) 87,132 shares held by Outsourcing Specialists, LLC, an entity </font><font style="display: inline;color:#000000;font-size:8pt;">whos</font><font style="display: inline;color:#000000;font-size:8pt;">e sole beneficial owner is Mr. </font><font style="display: inline;color:#000000;font-size:8pt;">Mitchell</font><font style="display: inline;color:#000000;font-size:8pt;">, and (y) 672 shares held directly by Mr. </font><font style="display: inline;color:#000000;font-size:8pt;">Mitchell</font><font style="display: inline;color:#000000;font-size:8pt;">, of which 403 shares are subject to certain transfer restrictions and vesting conditions.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Mr. </font><font style="display: inline;color:#000000;font-size:8pt;">Mitchell</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">was a vice president </font><font style="display: inline;color:#000000;font-size:8pt;">of HROI prior to the Company&#x2019;s acquisition of that entity and </font><font style="display: inline;color:#000000;font-size:8pt;">is currently </font><font style="display: inline;color:#000000;font-size:8pt;">an employee of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its </font><font style="display: inline;color:#000000;font-size:8pt;">subsidiaries.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(16</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:10.80pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the 380 shares, 228 shares are subject to certain transfer restrictions and vesting conditions.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Ms</font><font style="display: inline;color:#000000;font-size:8pt;">. &nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Harkness</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">was a vice president </font><font style="display: inline;color:#000000;font-size:8pt;">of HROI prior to the Company&#x2019;s acquisition of that entity and </font><font style="display: inline;color:#000000;font-size:8pt;">is currently </font><font style="display: inline;color:#000000;font-size:8pt;">an employee of the Company or one </font><font style="display: inline;color:#000000;font-size:8pt;">of its</font><font style="display: inline;color:#000000;font-size:8pt;"> subsidiaries.</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:24.15pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:21.60pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">(17</font><font style="display: inline;color:#000000;font-size:8pt;">)</font></p>
				</td>
				<td colspan="11" valign="top" style="width:443.90pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:21.60pt;padding:0pt 6.5pt">
					<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 8pt">
						<font style="display: inline;color:#000000;font-size:8pt;">Of the </font><font style="display: inline;font-size:8pt;">133,332 shares</font><font style="display: inline;font-size:8pt;"> beneficially owned</font><font style="display: inline;font-size:8pt;">,</font><font style="display: inline;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">3,456 </font><font style="display: inline;color:#000000;font-size:8pt;">fully vested s</font><font style="display: inline;color:#000000;font-size:8pt;">hares </font><font style="display: inline;color:#000000;font-size:8pt;">are</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">being held in escrow to fund </font><font style="display: inline;color:#000000;font-size:8pt;">certain</font><font style="display: inline;color:#000000;font-size:8pt;"> indemnification obligations to us related to the acquisition</font><font style="display: inline;color:#000000;font-size:8pt;"> and are not being registered for resale hereunder</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;"> Mr. Myers acquired </font><font style="display: inline;color:#000000;font-size:8pt;">all these </font><font style="display: inline;color:#000000;font-size:8pt;">shares from CCxCC, LLC </font><font style="display: inline;color:#000000;font-size:8pt;">following the closing of the acquisition </font><font style="display: inline;color:#000000;font-size:8pt;">in a private transaction </font><font style="display: inline;color:#000000;font-size:8pt;">in</font><font style="display: inline;color:#000000;font-size:8pt;"> full liquidation of his interest in CCxCC, LLC</font><font style="display: inline;color:#000000;font-size:8pt;">.</font><font style="display: inline;color:#000000;font-size:8pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:8pt;">Mr. Myers </font><font style="display: inline;color:#000000;font-size:8pt;">currently provides consulting services to the Company and its subsidiaries and served as a consultant to the Company and HROI</font><font style="display: inline;color:#000000;font-size:8pt;"> during the three years prior to the date of this prospectus.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Except as set forth in, or incorporated by reference into, this prospectus </font><font style="display: inline;color:#000000;">supplement</font><font style="display: inline;color:#000000;"> or the accompanying prospectus</font><font style="display: inline;color:#000000;">, none of the selling stockholders has held any position or office with, been employed by, or otherwise has had a material relationship with us or any of our affiliates during the three years prior to the date of this prospectus</font><font style="display: inline;color:#000000;"> supplement</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt;text-indent:27.35pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc494895127"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">PLAN OF DISTRIBUTION</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The shares of common stock covered by this prospectus supplement are being registered to permit public secondary trading of these shares by the </font><font style="display: inline;color:#000000;">selling stockholders</font><font style="display: inline;color:#000000;">. &nbsp;</font><font style="display: inline;color:#000000;">The selling stockholders </font><font style="display: inline;color:#000000;">(which term as used herein includes their respective donees, pledgees, transferees</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> or other </font><font style="display: inline;color:#000000;">successors</font><font style="display: inline;color:#000000;"> in interest) </font><font style="display: inline;color:#000000;">may, from time to time, sell any or all of the shares of common stock beneficially owned by them and offered hereby.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">The selling stockholders will act independently of us in making decisions with respect to the timing, manner</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> and size of each sale.</font><font style="display: inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The sales may be made on one or more exchanges or in the over-the-counter market or otherwise, at prices and at terms then prevailing or at prices related to the then current market price, or in negotiated transactions.</font><font style="display: inline;color:#000000;"> We will not receive any of the proceeds from the sale of the common stock by the selling stockholders.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The selling stockholders may effect such transactions by selling the shares of common stock to or through broker-dealers. The shares of common stock may be sold </font><font style="display: inline;color:#000000;">through broker-dealers </font><font style="display: inline;color:#000000;">by one or more of, or a combination of, the following:</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">8</font><font style="display: inline;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">through NASDAQ or on any national securities exchange or quotation service on which the shares of common stock may be listed or quoted at the time of sale;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">ordinary brokerage transactions and transactions in which the broker solicits purchasers;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">a block trade in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">purchases by a broker-dealer as principal and resale by the broker-dealer for its account; </font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">in privately negotiated transactions</font><font style="display: inline;color:#000000;">; and</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;color:#000000;">any other method permitted pursuant to applicable law</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The selling stockholders may also sell shares under Rule 144 under the Securities Act, if available, rather than under this prospectus</font><font style="display: inline;color:#000000;"> supplement and accompanying prospectus</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The selling stockholders also may transfer the shares of common stock in other circumstances, in which case the transferees or other successors in interest will be the selling beneficial owners for purposes of this prospectus</font><font style="display: inline;color:#000000;"> supplement and accompanying prospectus</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Broker-dealers engaged by the selling stockholders may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the selling stockholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the purchaser) in amounts to be negotiated. Any profits on the resale of shares of common stock by a broker-dealer acting as principal might be deemed to be underwriting discounts or commissions under the Securities Act.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Discounts, concessions, commissions</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> and similar selling expenses, if any, attributable to the sale of shares will be borne by a selling stockholder. The selling stockholders may agree to indemnify any agent, dealer</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">or broker-dealer that participates in transactions involving sales of the shares if liabilities are imposed on that person under the Securities Act. In connection with sales of the shares of common stock or otherwise, the selling stockholders may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the shares of common stock in the course of hedging in positions they assume. The selling stockholders may also sell shares of common stock short and deliver shares of common stock covered by this prospectus </font><font style="display: inline;color:#000000;">supplement and accompanying prospectus</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">to close out short positions and to return borrowed shares in connection with such short sales. The selling stockholders may also enter into option or other transactions with broker-dealers, who may then resell or otherwise transfer those shares. The selling stockholders may also loan or pledge shares of common stock to broker-dealers that in turn may sell such shares.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The selling stockholders and any broker-dealers or agents that are involved in selling the shares may be deemed to be &#x201C;underwriters&#x201D; within the meaning of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The selling stockholders may from time to time pledge or grant a security interest in some or all of the shares of common stock owned by them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the shares of common stock from time to time under this prospectus </font><font style="display: inline;color:#000000;">supplement and accompanying prospectus</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">after we have filed a </font><font style="display: inline;color:#000000;">prospectus </font><font style="display: inline;color:#000000;">supplement under Rule 424(b)(3) or other applicable provision of the Securities Act supplementing or amending the list of selling stockholders to include the pledgee, transferee or other successors in interest as selling stockholders under this prospectus.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">

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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">9</font><font style="display: inline;"></font>

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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</div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;;font-size: 11pt"><font style="display: inline;color:#000000;">The selling stockholders also may transfer the shares of common stock in other circumstances, in which case the transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus </font><font style="display: inline;color:#000000;">supplement and accompanying prospectus</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and may sell the shares of common stock from time to time under this prospectus after we have filed a prospectus </font><font style="display: inline;color:#000000;">supplement </font><font style="display: inline;color:#000000;">under Rule 424(b)(3) or other applicable pro</font><font style="display: inline;color:#000000;">vision of the Securities Act </font><font style="display: inline;color:#000000;">supplementing or amending the list of selling stockholders to include the pledgee, transferee or other successors in interest as selling stockholders under this prospectus.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">The selling stoc</font><font style="display: inline;color:#000000;">kholders have informed us that </font><font style="display: inline;color:#000000;">none of them have any agreement or understanding, directly or indirectly, with any person to distribute the common stock.</font><font style="display: inline;color:#000000;"> If any selling stockholder notifies us that a material arrangement has been entered into with a broker-dealer for the sale of shares through a block trade, special offering or secondary distribution or a purchase by a broker or dealer, we may be required to file a</font><font style="display: inline;color:#000000;">n</font><font style="display: inline;color:#000000;"> amendment to this prospectus supplement.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">If the selling stockholders use this prospectus </font><font style="display: inline;color:#000000;">supplement and accompanying prospectus </font><font style="display: inline;color:#000000;">for any sale of the shares of common stock, they will be subject to the prospectus delivery requirements of the Securities Act.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Certain selling stockholders who are entities rather than natural persons may distribute shares to their partners, shareholders or other owners in normal course, who may in turn sell the shares in the manner listed above.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Under the securities laws of some states, the shares of common stock may be sold in such states only through registered or licensed brokers or dealers. In addition, in some states the shares of common stock may not be sold unless such shares have been registered or qualified for sale in such state or an exemption from registration or qualification is available and is complied with.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">There can be no assurance that any selling stockholder will sell any or all of the shares of common stock registered pursuant to the shelf registration statement, of which this </font><font style="display: inline;color:#000000;">prospectus supplement and accompanying prospectus</font><font style="display: inline;color:#000000;"> form a part.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We are required to pay </font><font style="display: inline;color:#000000;">certain</font><font style="display: inline;color:#000000;"> fees and expenses incident to the registration of the shares. </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The selling stockholders and any other person participating in such distribution will be subject to applicable provisions of the Exchange Act and the rules and regulations thereunder, including, without limitation, Regulation M of the Exchange Act, which may limit the timing of purchases and sales of any of the shares of common stock by the selling stockholders and any other participating person. Regulation M may also restrict the ability of any person engaged in the distribution of the shares of common stock to engage in market-making activities with respect to the shares of common stock. All of the foregoing may affect the marketability of the shares of common stock and the ability of any person or entity to engage in market-making activities with respect to the shares of common stock.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Once sold under the shelf registration statement, of which this </font><font style="display: inline;color:#000000;">prospectus supplement and accompanying prospectus</font><font style="display: inline;color:#000000;"> form a part, the shares of common stock will be freely tradable in the hands of persons other than our affiliates.</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc494895128"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">LEGAL MATTERS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The validity of the </font><font style="display: inline;color:#000000;">common</font><font style="display: inline;color:#000000;"> stock </font><font style="display: inline;color:#000000;">offered hereby </font><font style="display: inline;color:#000000;">will be passed upon for us by </font><font style="display: inline;color:#000000;">Nixon Peabody LLP</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
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			<a name="_Toc494895129"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">EXPERTS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The financial statements and management&#x2019;s assessment of the effectiveness of internal control over financial repo</font><font style="display: inline;color:#000000;">rting (which is included in </font><font style="display: inline;color:#000000;">Management&#x2019;s </font><font style="display: inline;color:#000000;">Report on </font><font style="display: inline;color:#000000;">Internal Control over Financial </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">10</font><font style="display: inline;"></font>

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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</div>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt"><font style="display: inline;color:#000000;">Reporting) incorporated in this prospectus by reference to the Annual Report on Form 10-K for the year ended May 31, 2017 have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc494895130"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">WHERE YOU CAN FIND MORE INFORMATION</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We file annual, quarterly</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> and current reports, proxy statements</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> and other information with the SEC under the Exchange Act. You may read and copy any reports, statements or other information on file at the SEC&#x2019;s public reference facility located at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information regarding its public facilities. Our SEC filings, including the complete registration statement of which this prospectus </font><font style="display: inline;color:#000000;">supplement </font><font style="display: inline;color:#000000;">is a part, are available to the public from commercial document retrieval services and also available at the Internet website maintained by the SEC at</font><font style="display: inline;color:#0000FF;">&nbsp;</font><font style="display: inline;font-style:italic;color:#0000FF;text-decoration:underline;">http://www.sec.gov</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc494895131"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The SEC allows us to &#x201C;incorporate by reference&#x201D; the information we file with it, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is an important part of this prospectus</font><font style="display: inline;color:#000000;"> supplement and accompanying prospectus</font><font style="display: inline;color:#000000;">, and information that we file later with the SEC will automatically update and supersede this information. We incorporate by reference the documents listed below and any future filings made with the SEC under Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act subsequent to the date of this </font><font style="display: inline;color:#000000;">prospectus supplement</font><font style="display: inline;color:#000000;"> until the selling stockholders listed herein sell all of the shares of our common stock registered under this prospectus </font><font style="display: inline;color:#000000;">supplement and accompanying prospectus </font><font style="display: inline;color:#000000;">or the offering is otherwise terminated:</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-size:11pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-bottom:1pt none #D9D9D9;color:#000000;;;padding:0pt 28pt 0pt 0pt;"> 1.</font>
			<font style="display: inline;color:#000000;">Our Annual Report on Form 10-K for the fiscal year ended </font><font style="display: inline;color:#000000;">May</font><font style="display: inline;color:#000000;"> 31, 201</font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;">, filed with the SEC on </font><font style="display: inline;color:#000000;">July 21</font><font style="display: inline;color:#000000;">, 201</font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;">;</font><font style="display: inline;color:#000000;">&nbsp;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-size:11pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;;;padding:0pt 28pt 0pt 0pt;"> 2.</font>
			<font style="display: inline;color:#000000;">The information specifically incorporated by reference into the Annual Report on Form 10-K for th</font><font style="display: inline;color:#000000;">e fiscal year ended May 31, 2017</font><font style="display: inline;color:#000000;"> from our definitive proxy statement on Schedule 14A, f</font><font style="display: inline;color:#000000;">iled with the SEC on September 8, 2017</font><font style="display: inline;color:#000000;">, &nbsp;</font><font style="display: inline;color:#000000;">for our 2017</font><font style="display: inline;color:#000000;"> annual meeting of stockholders</font><font style="display: inline;color:#000000;">;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-size:11pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;;;padding:0pt 28pt 0pt 0pt;"> 3.</font>
			<font style="display: inline;color:#000000;">Our Quarterly Report on Form 10-Q for the quarterly period ended August 31, 2017, filed with the SEC on October 6, 2017;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-size:11pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;;;padding:0pt 28pt 0pt 0pt;"> 4.</font>
			<font style="display: inline;color:#000000;">Our Current Report</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> on Form 8-K dated </font><font style="display: inline;color:#000000;">July 19</font><font style="display: inline;color:#000000;">, 2017</font><font style="display: inline;color:#000000;">, September 8, 2017, October 12, 2017</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> and October 16, 2017</font><font style="display: inline;color:#000000;"> filed with the SEC on </font><font style="display: inline;color:#000000;">July 19</font><font style="display: inline;color:#000000;">, 2017</font><font style="display: inline;color:#000000;">, September 8, 2017, October 12, 2017</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> and October 16, 2017, respectively</font><font style="display: inline;color:#000000;">;</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">and</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-size:11pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9;color:#000000;;;padding:0pt 28pt 0pt 0pt;"> 5.</font>
			<font style="display: inline;color:#000000;">The description of our common stock contained in our </font><font style="display: inline;color:#000000;">Current Report</font><font style="display: inline;color:#000000;"> on Form 8-</font><font style="display: inline;color:#000000;">K</font><font style="display: inline;color:#000000;"> filed with the SEC on </font><font style="display: inline;color:#000000;">October 16, 2017</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We are </font><font style="display: inline;color:#000000;">only incorporating certain portions of </font><font style="display: inline;color:#000000;">our proxy statement for our 2017</font><font style="display: inline;color:#000000;"> annual meeting of stockholders as described above and </font><font style="display: inline;color:#000000;">not incorporating by reference (i) any information furnished under items 2.02 or 7.01 (or corresponding information furnished under item 9.01 or included as an exhibit) in any current report on Form 8-K</font><font style="display: inline;color:#000000;"> &nbsp;o</font><font style="display: inline;color:#000000;">r (ii) any Form SD, that, in either case, we may file or furnish with the SEC, unless otherwise specified in such current report or in such form or in a particular prospectus supplement. The documents listed above or subsequently filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act in each year during which the offering made pursuant to this prospectus</font><font style="display: inline;color:#000000;">&nbsp;</font>
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			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">11</font><font style="display: inline;"></font>

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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt"><font style="display: inline;color:#000000;">supplement</font><font style="display: inline;">&nbsp;</font><font style="display: inline;color:#000000;">and the accompanying prospectus</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">is in effect prior to the filing with the SEC of our Annual Report on Form 10-K covering such year shall cease to be incorporated by reference in this prospectus </font><font style="display: inline;color:#000000;">supplement </font><font style="display: inline;color:#000000;">from and after the filing of such Annual Reports.</font>
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			<font style="display: inline;color:#000000;">Any statement contained herein shall be deemed to be modified or superseded for purposes of this prospectus </font><font style="display: inline;color:#000000;">supplement and the accompanying prospectus </font><font style="display: inline;color:#000000;">to the extent that a statement contained in any subsequently filed incorporated document modifies or supersedes such statement. Any statement contained in an incorporated document shall be deemed to be modified or superseded for purposes of this prospectus </font><font style="display: inline;color:#000000;">supplement </font><font style="display: inline;color:#000000;">to the extent that a statement contained herein or in any other subsequently filed incorporated document modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">This prospectus</font><font style="display: inline;color:#000000;"> supplement</font><font style="display: inline;color:#000000;"> is part of a registration statement on Form S-3 filed with the SEC under the Securities Act. This prospectus does not contain all of the information set forth in the registration statement. You should read the registration statement for further information about </font><font style="display: inline;color:#000000;">Paychex</font><font style="display: inline;color:#000000;"> and our common stock.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Documents incorporated by reference are available from us, without charge, excluding all exhibits unless specifically incorporated by reference in the documents. You may obtain documents incorporated by reference in this prospectus </font><font style="display: inline;color:#000000;">supplement </font><font style="display: inline;color:#000000;">by writing to us at the following address or by calling us at the telephone number listed below</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 3.6pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;">Paychex, Inc.</font>
		</p>
		<p style="margin:0pt 3.6pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;">911 Panorama Trail South</font>
		</p>
		<p style="margin:0pt 3.6pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;">Rochester, New York 14625-2396</font><font style="display: inline;color:#000000;">&nbsp;</font><br /><font style="display: inline;color:#000000;">Attn: Corporate Secretary</font>
		</p>
		<p style="margin:0pt 3.6pt 12pt 27pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Telephone: (585) 385-6666</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">You should rely only on the information incorporated by reference or provided in this prospectus </font><font style="display: inline;color:#000000;">supplement </font><font style="display: inline;color:#000000;">and the accompanying </font><font style="display: inline;color:#000000;">prospectus. We have not authorized anyone else to provide you with different information. You should not assume that the information in this </font><font style="display: inline;color:#000000;">prospectus</font><font style="display: inline;color:#000000;"> supplement</font><font style="display: inline;color:#000000;"> or the </font><font style="display: inline;color:#000000;">accompanying prospectus is accurate on any date subsequent to the date on the front </font><font style="display: inline;color:#000000;">page of those documents.</font><font style="display: inline;color:#000000;">&nbsp;</font>
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			<font style="display: inline;">S-</font><font style="display: inline;"></font><font style="display: inline;">12</font><font style="display: inline;"></font>

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		<p style="margin:0.8pt 0pt 0pt;line-height:14.75pt;vertical-align:baseline;font-family:Times New Roman;;font-size: 13pt"><font style="display: inline;font-weight:bold;color:#000000;font-size:13.5pt;">PROSPECTUS</font>
		</p>
		<p style="margin:12pt 0pt 24pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 22pt">
			<font style="display: inline;font-weight:bold;font-size:22pt;">Paychex, Inc.</font>
		</p>
		<p style="margin:6pt 0pt 12pt;line-height:14.75pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 13pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:13.5pt;">Common Stock</font>
		</p>
		<p style="margin:12.65pt 0pt 0pt 27.35pt;line-height:11.45pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The selling stockholders to be identified in a prospectus supplement may offer and sell from time to time, in one or more series or issuances and at prices and on terms that will be determined at the time of the offering, shares of common stock of Paychex, Inc. The prospectus supplements may also add, update or change information contained or incorporated by reference in this document. This prospectus may be used to offer and sell securities only if accompanied by a prospectus supplement. You should read this prospectus and any prospectus supplements, along with the additional information described under the headings &#x201C;Where You Can Find More Information&#x201D; and &#x201C;Incorporation by Reference,&#x201D; before making an investment decision.</font>
		</p>
		<p style="margin:12.65pt 0pt 0pt 27.35pt;line-height:11.45pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">This prospectus describes the general manner in which the selling stockholders may offer and resell shares of our common stock. The identity of, and specific information required with respect to, the selling stockholders, and the specific manner in which shares of our common stock may be offered and sold will be described in a supplement to this prospectus.</font>
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		<p style="margin:11.35pt 0pt 0pt 27.35pt;line-height:11.45pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We will not receive any proceeds from the sale of shares by the selling stockholders.</font>
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		<p style="margin:12pt 0pt 24pt 27.35pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Our common stock is listed on the </font><font style="display: inline;color:#000000;">NASDAQ Global Select Market</font><font style="display: inline;color:#000000;"> under the symbol &#x201C;</font><font style="display: inline;color:#000000;">PAYX</font><font style="display: inline;color:#000000;">.&#x201D; On </font><font style="display: inline;color:#000000;">October 16</font><font style="display: inline;color:#000000;">, 201</font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;">, the last reported sale price for our common stock was $</font><font style="display: inline;color:#000000;">63.45</font><font style="display: inline;color:#000000;"> per share.</font>
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		<p style="margin:0pt 28.1pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">____________________</font>
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		<p style="margin:0pt 0pt 0pt 27.35pt;text-indent:36pt;vertical-align:baseline;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:12pt;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 18pt 27.35pt;text-indent:36pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Investing in our common stock involves risks. See &#x201C;Risk Factors&#x201D; on </font><font style="display: inline;font-weight:bold;color:#000000;">page </font><font style="display: inline;font-weight:bold;color:#000000;">3</font><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;">of</font><font style="display: inline;font-weight:bold;color:#000000;"> this prospectus</font><font style="display: inline;font-weight:bold;color:#000000;"> and any risk factors described in any applicable prospectus supplement</font><font style="display: inline;font-weight:bold;color:#000000;">, as well as those risk factors discussed in detail in Part I - Item 1A of our Annual Report on Form 10-K for the year ended May 31, 2017, as filed with the Securities and Exchange Commission.</font>
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		<p style="margin:0pt 28.1pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">____________________</font>
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		<p style="margin:0pt 28.1pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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		<p style="margin:6pt 3.6pt 18pt 27.35pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or </font><font style="display: inline;font-weight:bold;color:#000000;">passed upon the adequacy or accuracy of this prospectus or any applicable prospectus supplement</font><font style="display: inline;font-weight:bold;color:#000000;">. Any representation to the contrary is a criminal offense.</font>
		</p>
		<p style="margin:0pt 28.1pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">____________________</font>
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		<p style="margin:30pt 3.6pt 12pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;">The date of this prospectus is October 17</font><font style="display: inline;font-weight:bold;color:#000000;">, 20</font><font style="display: inline;font-weight:bold;color:#000000;">17</font><font style="display: inline;font-weight:bold;color:#000000;font-size:10.5pt;">.</font>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">TABLE OF CONTENTS</font></p>
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						<font style="display: inline;font-family:Calibri;color:#000000;text-decoration:underline;">Page</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">ABOUT THIS PROSPECTUS</font></p>
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						<font style="display: inline;color:#000000;">1</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</font></p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">1</font></p>
				</td>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">ABOUT THE COMPANY</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">3</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">RISK FACTORS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">3</font></p>
				</td>
			</tr>
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				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">USE OF PROCEEDS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">3</font></p>
				</td>
			</tr>
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				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">SELLING STOCKHOLDERS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">4</font></p>
				</td>
			</tr>
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				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">DESCRIPTION OF PAYCHEX CAPITAL STOCK</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">4</font></p>
				</td>
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				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">PLAN OF DISTRIBUTION</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">5</font></p>
				</td>
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				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">LEGAL MATTERS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">6</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">EXPERTS</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">6</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">WHERE YOU CAN FIND MORE INFORMATION</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">6</font></p>
				</td>
			</tr>
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				<td valign="middle" style="width:90.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-weight:bold;color:#000000;">INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</font></p>
				</td>
				<td valign="middle" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;color:#000000;">6</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt -18pt 12pt 0pt;text-indent:28.8pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:28.8pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:28.8pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:28.8pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:49pt;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">i</font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396780"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">ABOUT THIS PROSPECTUS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">This prospectus is part of a registration statement on Form S-3 that we filed with the Secu</font><font style="display: inline;color:#000000;">rities and Exchange Commission, or SEC, </font><font style="display: inline;color:#000000;">using the </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;color:#000000;">shelf</font><font style="display: inline;color:#000000;">&#x201D;</font><font style="display: inline;color:#000000;"> registration process. Under this shelf registration process, </font><font style="display: inline;color:#000000;">the selling stockholders to be named in a prospectus supplement may offer and sell, from time to time, shares of our common stock in one or more offerings or resales. Each time shares are offered for sale using this prospectus, we will provide a prospectus supplement that will contain specific information about the terms of that offering, including the specific amounts and prices of the shares of common stock offered and information about the selling stockholders. A prospectus supplement may also add, update or change information contained in this prospectus. Any statement that we make in this prospectus will be modified or superseded by any inconsistent statement made by us in a prospectus supplement,</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">You should read both this prospectus and any applicable prospectus supplement together with the additional information about our company to which we refer you in the section of this prospectus entitled </font><font style="display: inline;color:#000000;">&#x201C;</font><font style="display: inline;color:#000000;">Where You Can Find More Information.</font><font style="display: inline;color:#000000;">&#x201D; If there is any inconsistency between the information in this prospectus and any prospectus supplement, you should rely on the information in the applicable prospectus supplement.</font><font style="display: inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">You should rely only on the information contained in this prospectus (as supplemented and amended) or incorporated herein by reference. Neither we nor the selling stockholders have authorized anyone else to provide you with different information. The securities are not being offered in any jurisdiction where the offer or sale is not permitted. You should not assume that the information contained in this prospectus and any accompanying prospectus supplement is accurate on any date subsequent to the date set forth on the front of the document or that any information we have incorporated by reference is correct on any date subsequent to the date of the document incorporated by reference, even though this prospectus and any accompanying prospectus supplement is delivered or securities are sold on a later date.</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396781"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:32.4pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">This prospectus and the documents incorporated by reference herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the &#x201C;Securities Act&#x201D;), and Section 21E of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act</font><font style="display: inline;color:#000000;">&#x201D;). </font><font style="display: inline;color:#000000;">Forward-looking statements can be identified by such words and phrases as &#x201C;we expect,&#x201D; &#x201C;expected to,&#x201D; &#x201C;estimates,&#x201D; &#x201C;estimated,&#x201D; &#x201C;overview,&#x201D; &#x201C;current outlook,&#x201D; &#x201C;we look forward to,&#x201D; &#x201C;would equate to,&#x201D; &#x201C;projects,&#x201D; &#x201C;projections,&#x201D; &#x201C;projected to be,&#x201D; &#x201C;anticipates,&#x201D; &#x201C;anticipated,&#x201D; &#x201C;we believe,&#x201D; &#x201C;believes,&#x201D; &#x201C;could be,&#x201D; and other similar words or phrases. Examples of forward-looking statements include, among others, statements we make regarding operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to our outlook, revenue growth, earnings, earnings-per-share growth, or similar projections.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:32.4pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on </font><font style="display: inline;color:#000000;">our </font><font style="display: inline;color:#000000;">current</font><font style="display: inline;color:#000000;"> beliefs, expectations</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> and assumptions </font><font style="display: inline;color:#000000;">regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict, many of which are outside our control. Our actual results and financial conditions may differ materially from those indicated in the forward-looking statements. Therefore, you should not place undue reliance upon any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following</font><font style="display: inline;color:#000000;">:</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">general market and economic conditions including, among others, changes in U.S. employment and wage levels, changes to new hiring trends, legislative changes to stimulate the economy, changes in </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;"></font><font style="display: inline;">1</font><font style="display: inline;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p>

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

			&nbsp;

		</p></font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt 0pt 6pt 54pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt"><font style="display: inline;color:#000000;">short- and long-term interest rates, changes in the fair value and the credit rating of securities held by us, and accessibility of financing;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">changes in demand for our services and products, ability to develop and market new services and products effectively, pricing changes, and the impact of competition;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">changes in the availability of skilled workers, in particular those supporting our technology and product development;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">changes in the laws regulating collection and payment of payroll taxes, professional employer organizations, and employee benefits, including retirement plans, workers&#x2019; compensation</font><font style="display: inline;color:#000000;"> insurance</font><font style="display: inline;color:#000000;">, health insurance (including health care reform legislation), state unemployment, and section 125 plans;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">changes in health insurance and workers&#x2019; compensation </font><font style="display: inline;color:#000000;">insurance </font><font style="display: inline;color:#000000;">rates and underlying claims trends;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">changes in technology that adversely affect our products and services and impact our ability to provide timely enhancements to services and products;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the possibility of cyber-attacks, security breaches, or other security vulnerabilities that could disrupt operations or expose confidential client data, and could also result in reduced revenues, increased costs, liability claims, or harm to our competitive position;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the possibility of </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">failure of our operating facilities, or the failure of our computer systems, and communication systems during a catastrophic event;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the possibility of third-party service providers failing to perform their functions;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the possibility of a failure of internal controls or our inability to implement business processing improvements;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the possibility that we may be subject to liability for violations of employment or discrimination laws by our clients and acts or omissions of client employees who may be deemed to be our agents, even if we do not participate in any such acts or violations, including possible liability related to our co-employment relationship with our prof</font><font style="display: inline;color:#000000;">essional employer organization;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;color:#000000;">potentially unfavorable outcomes related to </font><font style="display: inline;color:#000000;">pending or future legal matters; and</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;color:#000000;">risks related to the integration of the businesses we acquire.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">These and other risks and uncertainties may cause our actual results to differ materially and adversely from those expressed in any forward-looking statements. Investors are directed to risks and uncertainties referenced below under &#x201C;Risk Factors&#x201D; and elsewhere in this prospectus </font><font style="display: inline;color:#000000;">and the applicable prospectus supplement </font><font style="display: inline;color:#000000;">for additional detail regarding factors that may cause actual results to be different than those expressed in our forward-looking statements. </font><font style="display: inline;color:#000000;">The information provided </font><font style="display: inline;color:#000000;">or incorporated by reference </font><font style="display: inline;color:#000000;">in this </font><font style="display: inline;color:#000000;">prospectus</font><font style="display: inline;color:#000000;"> is based upon the facts and circumstances known at this time, and any forward-looking statements made by us </font><font style="display: inline;color:#000000;">or incorporated by reference </font><font style="display: inline;color:#000000;">in this </font><font style="display: inline;color:#000000;">prospectus</font><font style="display: inline;color:#000000;"> speak only as of the date on which they are made.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Except as required by law, we undertake no obligation to revise or update publicly any forward-looking statements for any reason.</font>
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;"></font><font style="display: inline;">2</font><font style="display: inline;"></font>

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		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;">

		<p style="margin:0pt;line-height:8pt;font-family:Times New Roman;font-size: 7pt">

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

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</div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396782"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">ABOUT </font><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">THE COMPANY</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Paychex is</font><font style="display: inline;color:#000000;"> a leading provider of integrated human capital management (&#x201C;HCM&#x201D;) solutions for payroll, human resource (&#x201C;HR&#x201D;), retirement, and insurance services for small- to medium-sized businesses</font><font style="display: inline;color:#000000;">, serving </font><font style="display: inline;color:#000000;">clients throughout the U</font><font style="display: inline;color:#000000;">nited States</font><font style="display: inline;color:#000000;"> and Germany. Our business strategy focuses on flexible, convenient service; industry-leading integrated technology; providing a comprehensive suite of value-added HCM services; solid sales execution; continued </font><font style="display: inline;color:#000000;">service </font><font style="display: inline;color:#000000;">penetration; and engaging in strategic acquisitions. </font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">O</font><font style="display: inline;color:#000000;">ur mission </font><font style="display: inline;color:#000000;">is </font><font style="display: inline;color:#000000;">to be </font><font style="display: inline;color:#000000;">the</font><font style="display: inline;color:#000000;"> leading provider of HCM services by being an essential partner with America's businesses.</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">We offer a comprehensive portfolio of HCM services and products that allow our clients to meet their diverse payroll and HR needs. Our payroll services are the foundation of our service portfolio. We support the small-business market through our core payroll, utilizing our integrated Paychex Flex&#xAE; processing platform, or our SurePayroll&#xAE; products. Mid-market companies are serviced through our Paychex Flex Enterprise solution set, which offers an integrated suite of HCM solutions using a single platform and single employee record, or through our traditional mid-market platform. Clients using Paychex Flex Enterprise are offered a software-as-a-service solution that integrates payroll processing with HR management, employee benefits administration, time and labor management, applicant tracking, and onboarding solutions. Paychex Flex Enterprise allows our mid-market clients to choose the services and software they need to meet the complexity of their business and have them integrated through one HCM solution</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Additionally, o</font><font style="display: inline;color:#000000;">ur wholly owned subsidiary, Paychex Advance LLC, provides a portfolio of services to the temporary staffing industry.&nbsp;&nbsp;This includes the purchase of receivable balances related to payroll funding arrangements with clients in the temporary staffing industry</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We were incorporated in Delaware in </font><font style="display: inline;color:#000000;">1979</font><font style="display: inline;color:#000000;">. Our principal executive offices are located </font><font style="display: inline;color:#000000;">at </font><font style="display: inline;color:#000000;">911 Panorama Trail South, Rochester</font><font style="display: inline;color:#000000;">, New York 1</font><font style="display: inline;color:#000000;">4625-2396</font><font style="display: inline;color:#000000;"> and our </font><font style="display: inline;color:#000000;">principal</font><font style="display: inline;color:#000000;"> website </font><font style="display: inline;color:#000000;">address is</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#006EBF;text-decoration:underline;">www.paychex.com</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;"> Informati</font><font style="display: inline;color:#000000;">on on or accessible through our </font><font style="display: inline;color:#000000;">website is not </font><font style="display: inline;color:#000000;">incorporated into</font><font style="display: inline;color:#000000;"> this prospectus.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">When used in this prospectus, the terms &#x201C;the Company,&#x201D; &#x201C;Paychex,&#x201D; &#x201C;issuer,&#x201D; &#x201C;we,&#x201D; &#x201C;our,&#x201D; and &#x201C;us&#x201D; refer to </font><font style="display: inline;color:#000000;">Paychex, I</font><font style="display: inline;color:#000000;">nc. and its consolidated subsidiaries, unless otherwise specified.</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396783"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">RISK FACTORS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Investing in our common stock involves risks. You should not purchase shares of our common stock unless you understand these investment risks. Before purchasing any shares of our common stock, you should consider carefully the information in this prospectus and carefully read the discussion under &#x201C;Part I-Item 1A. Risk Factors&#x201D; in our Annual Report on Form 10-K for </font><font style="display: inline;color:#000000;">the year ended May 31, 2017, as such discussion may be amended or updated in other reports filed by us wi</font><font style="display: inline;color:#000000;">th the SEC</font><font style="display: inline;color:#000000;">, as well as the &#x201C;Risk Factors&#x201D; section in the applicable prospectus supplement</font><font style="display: inline;color:#000000;">. &nbsp;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396784"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">USE OF PROCEEDS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">All shares of common stock sold pursuant to this prospectus will be sold by the selling stockholders. We will not receive any </font><font style="display: inline;color:#000000;">of the </font><font style="display: inline;color:#000000;">proceeds from </font><font style="display: inline;color:#000000;">such </font><font style="display: inline;color:#000000;">sales.</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;"></font><font style="display: inline;">4</font><font style="display: inline;"></font>

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		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

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		</p>

</div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396785"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">SELLING STOCKHOLDERS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 6pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Information regarding selling stockholders, including their identities, the common stock to be registered on their behalf and the amounts to be sold by them, where applicable, will be set forth in a prospectus supplement, in a post-effective amendment, or in filings we make with the SEC under the Exchange Act that are incorporated by reference into this prospectus.</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396786"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">DESCRIPTION OF PAYCHEX CAPITAL STOCK</font></p></td></tr></table></div>
		<p style="margin:0pt 3.6pt 12pt 0pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Our authorized capital stock consists of 600,000,000 shares of common stock, $0.01 par value. The following description of </font><font style="display: inline;color:#000000;">the material terms of </font><font style="display: inline;color:#000000;">our capital stock does not purport to be complete and is subject to, and qualified in its entirety by, our restated certifica</font><font style="display: inline;color:#000000;">te of incorporation and bylaws, </font><font style="display: inline;color:#000000;">which are exhibits to the registration statement of which this prospectus forms a part.</font>
		</p>
		<p style="margin:0pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">As of </font><font style="display: inline;color:#000000;">September 29</font><font style="display: inline;color:#000000;">, 2017, 359,329,193 shares of our common stock were outstanding.</font><font style="display: inline;color:#000000;"> Each share of our common stock entitles its holder to one vote on all matters to be voted upon by our stockholders. </font><font style="display: inline;color:#000000;">H</font><font style="display: inline;color:#000000;">olders of our common stock </font><font style="display: inline;color:#000000;">are entitled to </font><font style="display: inline;color:#000000;">receive ratably any dividends our board of directors declares out of funds legally available for that purpose. If we liquidate, dissolve or wind up, the holders of common stock are entitled to share ratably in all assets remaining after payment of liabilities. Our common stock has no preemptive rights, conversion rights, or other subscription rights or redemption or sinking fund provisions.</font><font style="display: inline;font-family:Courier New;font-size:10pt;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:12pt 0pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Anti-Takeover Provisions</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Some provisions of Delaware law, our restated certificate of incorporation and our bylaws</font><font style="display: inline;color:#000000;">, as amended, </font><font style="display: inline;color:#000000;">may have the effect of delaying, deferring or discouraging another party from acquiring control of us.</font>
		</p>
		<p style="margin:0pt 0pt 6pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">Delaware Law</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We are subject to Section 203 of the Delaware General Corporation Law, which regulates, subject to some exceptions, acquisitions of publicly-held Delaware corporations. In general, Section 203 prohibits us from engaging in a &#x201C;business combination&#x201D; with an &#x201C;interested stockholder&#x201D; for a period of three years following the date the person becomes an interested stockholder, unless:</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">our board of directors approved the business combination or the transaction in which the person became an interested stockholder prior to the date the person attained this status;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">upon consummation of the transaction that resulted in the person becoming an interested stockholder, the person owned at least 85 percent of our voting stock outstanding at the time the transaction commenced (excluding specified shares)</font><font style="display: inline;color:#000000;">; or</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">on or subsequent to the date the person became an interested stockholder, our board of directors approved the business combination and the stockholders authorized the transaction at an annual or special meeting of stockholders by the affirmative vote of at least 66 2/3 percent of the outstanding voting stock not owned by the interested stockholder</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 6pt 54pt;text-indent: -27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Section 203 defines a &#x201C;business combination&#x201D; to include:</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">any merger or consolidation involving us or any of our majority-owned subsidiaries and the interested stockholder or any other entity if the merger or consolidation is caused by the interested stockholder</font><font style="display: inline;color:#000000;">;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">any sale, lease, exchange, mortgage, transfer, pledge or other disposition, except proportionately, involving the interested stockholder of our or one of our majority-owned </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;"></font><font style="display: inline;">5</font><font style="display: inline;"></font>

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			&nbsp;

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt 0pt 6pt 54pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt"><font style="display: inline;color:#000000;">subsidiary&#x2019;s assets, which have an aggregate market value equal to 10% or more of either the aggregate market value of all our assets or the aggregate market value of all our outstanding stock</font><font style="display: inline;color:#000000;">;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">in general, any transaction that results in the issuance or transfer by us or any of our majority-owned subsidiaries of any of our stock to the interested stockholde</font><font style="display: inline;color:#000000;">r</font><font style="display: inline;color:#000000;">; &nbsp;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">any transaction involving us or any of our majority-owned subsidiaries that has the effect of increasing the proportionate share of our stock owned by the interested stockholder</font><font style="display: inline;color:#000000;">; and</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges, or other financial benefits provided by or through us or any of our majority-owned subsidiaries</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">In general, Section 203 defines an &#x201C;interested stockholder&#x201D; as any person who (i) owns 15% or more of our outstanding voting stock or (ii) is an affiliate or associate of us and was the owner of 15% or more of our outstanding voting stock at any time within three years prior to the date of determination of interested stockholder status and (iii) is the affiliate or associate of any such person</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Special Meetings</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Special meetings of stockholders may be called by the Chairman of the Board or the President and must be called by the Chairman of the Board, the President or the Secretary at the request in writing of a majority of the board of directors or stockholders owning a majority of our issued and outstanding stock entitled to vote</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">Restated Certificate of Incorporation and Bylaw Provisions</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Our restated certificate of incorporation and bylaws</font><font style="display: inline;color:#000000;"> as amended,</font><font style="display: inline;color:#000000;"> provide that:</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
				<font style="margin:0pt 0pt 6pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 6pt;">
			<font style="display: inline;color:#000000;">our board of directors or our stockholders are expressly authorized to amend, alter or repeal our bylaws</font><font style="display: inline;color:#000000;">;</font><font style="display: inline;color:#000000;"> and</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:27pt;"><p style="width:27pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Symbol;text-decoration:none;color:#000000;font-size:9.5pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;;"> &#xB7;</font>
			</p>
		</td><td style="width:10pt;"><p style="width:10pt;width:10pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;color:#000000;">we will indemnify officers and directors against losses </font><font style="display: inline;color:#000000;">that they may incur arising from </font><font style="display: inline;color:#000000;">investigations and legal proceedings resulting from their services to us, which may include services in connection with takeover defense measures.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 6pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Transfer Agent and Registrar</font>
		</p>
		<p style="margin:0pt 0pt 12pt;background-color: #FFFFFF;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The transfer agent and registrar for our common stock </font><font style="display: inline;color:#000000;">is American Stock Transfer &amp; Trust Company, LLC. Its address is 6201 15th Avenue, Brooklyn, New York 11219</font><font style="display: inline;color:#000000;"> and its telephone number is 1-800-937-5449</font><font style="display: inline;color:#000000;">.</font><font style="display: inline;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 6pt;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Listing</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Our common stock is listed on the NASDAQ Global Select Market under the symbol &#x201C;PAYX.&#x201D;</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396787"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">PLAN OF DISTRIBUTION</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Shares of our common stock may be sold from time to time by selling stockholders, through public or private transactions at prevailing market prices or at privately negotiated prices, as described in the applicable prospectus supplement.</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;"></font><font style="display: inline;">6</font><font style="display: inline;"></font>

		</p>

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			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396788"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">LEGAL MATTERS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Unless the applicable prospectus supplement indicates otherwise, the</font><font style="display: inline;color:#000000;"> validity of the </font><font style="display: inline;color:#000000;">common</font><font style="display: inline;color:#000000;"> stock </font><font style="display: inline;color:#000000;">offered by this prospectus </font><font style="display: inline;color:#000000;">will be passed upon for us by </font><font style="display: inline;color:#000000;">Nixon Peabody LLP</font><font style="display: inline;color:#000000;">.</font>
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396789"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">EXPERTS</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The financial statements and management&#x2019;s assessment of the effectiveness of internal control over financial repo</font><font style="display: inline;color:#000000;">rting (which is included in </font><font style="display: inline;color:#000000;">Management&#x2019;s Report on Internal Control over Financial Reporting) incorporated in this prospectus by reference to the Annual Report on Form 10-K for the year ended May 31, 2017 have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.</font>
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396790"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">WHERE YOU CAN FIND MORE INFORMATION</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We file annual, quarterly and current reports, proxy statements and other information with the SEC under the Exchange Act. You may read and copy any reports, statements or other information on file at the SEC&#x2019;s public reference facility located at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information regarding its public facilities. Our SEC filings, including the complete registration statement of which this prospectus is a part, are available to the public from commercial document retrieval services and also available at the Internet website maintained by the SEC at</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;font-style:italic;color:#0000FF;text-decoration:underline;">http://www.sec.gov</font><font style="display: inline;color:#000000;">.</font>
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		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:0pt;">
			<p style="text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;width:100%">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:uppercase;text-decoration:none;color:#000000;font-size:11pt;text-decoration:underline;text-align:center;vertical-align:baseline;display: inline;padding:0pt 1pt 0pt 0pt;"></font>
			<a name="_Toc485396791"></a><font style="font-weight:bold;text-transform:none;text-decoration:none;display: inline;color:#000000;">INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">The SEC allows us to &#x201C;incorporate by reference&#x201D; the information we file with it, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is an important part of this prospectus, and information that we file later with the SEC will automatically update and supersede this information. We incorporate by reference the documents listed below and any future filings made with the SEC under Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act subsequent to the date of this registration statement until the selling stockholders listed herein sell all of the shares of our common stock registered under this prospectus or the offering is otherwise terminated:</font>
		</p>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-size:11pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-bottom:1pt none #D9D9D9;color:#000000;;;padding:0pt 28pt 0pt 0pt;"> 6.</font>
			<font style="display: inline;color:#000000;">Our Annual Report on Form 10-K for the fiscal year ended </font><font style="display: inline;color:#000000;">May</font><font style="display: inline;color:#000000;"> 31, 201</font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;">, filed with the SEC on </font><font style="display: inline;color:#000000;">July 21</font><font style="display: inline;color:#000000;">, 201</font><font style="display: inline;color:#000000;">7</font><font style="display: inline;color:#000000;">;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-size:11pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;;;padding:0pt 28pt 0pt 0pt;"> 7.</font>
			<font style="display: inline;color:#000000;">The information specifically incorporated by reference into the Annual Report on Form 10-K for th</font><font style="display: inline;color:#000000;">e fiscal year ended May 31, 2017</font><font style="display: inline;color:#000000;"> from our definitive proxy statement on Schedule 14A, f</font><font style="display: inline;color:#000000;">iled with the SEC on September 8, 2017, for our 2017</font><font style="display: inline;color:#000000;"> annual meeting of stockholders</font><font style="display: inline;color:#000000;">;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-size:11pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;;;padding:0pt 28pt 0pt 0pt;"> 8.</font>
			<font style="display: inline;color:#000000;">Our Quarterly Report on Form 10-Q for the quarterly period ended August 31, 2017, filed with the SEC October 6, 2017;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-size:11pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;color:#000000;;;padding:0pt 28pt 0pt 0pt;"> 9.</font>
			<font style="display: inline;color:#000000;">Our Current Report</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> on Form 8-K dated </font><font style="display: inline;color:#000000;">July 19</font><font style="display: inline;color:#000000;">, 2017</font><font style="display: inline;color:#000000;">, September 8, 2017, October 12, 2017 and October 16, 2017</font><font style="display: inline;color:#000000;"> filed with the SEC on </font><font style="display: inline;color:#000000;">July 19</font><font style="display: inline;color:#000000;">, 2017</font><font style="display: inline;color:#000000;">, September 8, 2017, October 12, 2017</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> and October 16, 2017, respectively</font><font style="display: inline;color:#000000;">; and</font></p></td></tr></table></div>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 11pt">

			<font style="display: inline;"></font><font style="display: inline;">7</font><font style="display: inline;"></font>

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</div>
		<div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:36pt;">
			<p style="text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9 ;color:#000000;font-family:Times New Roman;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt 0pt 12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;font-size:11pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;border-top:1pt none #D9D9D9;color:#000000;;;padding:0pt 23pt 0pt 0pt;"> 10.</font>
			<font style="display: inline;color:#000000;">The description of our com</font><font style="display: inline;color:#000000;">mon stock contained in our Current Report on Form 8-K dated October 16, 2017, filed with the SEC on October 16, 2017.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">We are </font><font style="display: inline;color:#000000;">only incorporating certain portions of </font><font style="display: inline;color:#000000;">our proxy statement for our 2017</font><font style="display: inline;color:#000000;"> annual meeting of stockholders as described above and </font><font style="display: inline;color:#000000;">not incorporating by reference (i) any information furnished under items 2.02 or 7.01 (or corresponding information furnished under item 9.01 or included as an exhibit) in any current report on Form 8-K</font><font style="display: inline;color:#000000;"> &nbsp;o</font><font style="display: inline;color:#000000;">r (ii) any Form SD, that, in either case, we may file or furnish with the SEC, unless otherwise specified in such current report or in such form or in a particular prospectus supplement. The documents listed above or subsequently filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act in each year during which the offering made pursuant to this prospectus is in effect prior to the filing with the SEC of our Annual Report on Form 10-K covering such year shall cease to be incorporated by reference in this prospectus from and after the filing of such Annual Reports.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Any statement contained herein shall be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in any subsequently filed incorporated document modifies or supersedes such statement. Any statement contained in an incorporated document shall be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained herein or in any other subsequently filed incorporated document modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this prospectus.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">This prospectus is part of a registration statement on Form S-3 filed with the SEC under the Securities Act. This prospectus does not contain all of the information set forth in the registration statement. You should read the registration statement for further information about </font><font style="display: inline;color:#000000;">Paychex</font><font style="display: inline;color:#000000;"> and our common stock.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Documents incorporated by reference are available from us, without charge, excluding all exhibits unless specifically incorporated by reference in the documents. You may obtain documents incorporated by reference in this prospectus by writing to us at the following address or by calling us at the telephone number listed below</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 3.6pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Paychex, Inc.</font>
		</p>
		<p style="margin:0pt 3.6pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">911 Panorama Trail South</font>
		</p>
		<p style="margin:0pt 3.6pt 0pt 27.35pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Rochester, New York 14625-2396</font><font style="display: inline;color:#000000;">&nbsp;</font><br /><font style="display: inline;color:#000000;">Attn: Corporate Secretary</font>
		</p>
		<p style="margin:0pt 3.6pt 12pt 27pt;text-align:center;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">Telephone: (585) 385-6666</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:27.35pt;text-align:justify;text-justify:inter-ideograph;vertical-align:baseline;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;color:#000000;">You should rely only on the information incorporated by reference or provided in this prospectus or any prospectus supplement. We have not authorized anyone else to provide you with different information. You should not assume that the information in this prospectus or any prospectus supplement is accurate as of any date other than the date on the front page of those documents.</font>
		</p>
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			<font style="display: inline;color:#000000;">&#xFEFF;</font>
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			<font style="display: inline;"></font><font style="display: inline;">8</font><font style="display: inline;"></font>

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