<SEC-DOCUMENT>0000723531-17-000008.txt : 20170329
<SEC-HEADER>0000723531-17-000008.hdr.sgml : 20170329
<ACCEPTANCE-DATETIME>20170329154356
ACCESSION NUMBER:		0000723531-17-000008
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170323
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20170329
DATE AS OF CHANGE:		20170329

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11330
		FILM NUMBER:		17722139

	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>8-K
<SEQUENCE>1
<FILENAME>payx-20170323x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			PAYX-032717-8-K
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			<a name="_GoBack"></a><font style="display: inline;font-family:Arial;font-weight:bold;font-size:16pt;">UNITED STATES</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:16pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">Washington, DC 20549</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:16pt;">FORM 8-K</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:14pt;">CURRENT REPORT</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">Pursuant To Section&nbsp;13 or 15(d) of the</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">Securities Exchange Act of 1934</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">Date of Report: </font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">March 2</font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">3</font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">, 2017</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:12pt;">(Date of earliest event reported)</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:18pt;">PAYCHEX,&nbsp;INC.</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">(Exact name of registrant as specified in its charter)</font>
		</p>
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			<font style="display: inline;font-family:Arial;">&#xFEFF;</font>
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						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;">DELAWARE</font></p>
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						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;">0-11330</font></p>
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						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;">16-1124166</font></p>
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						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:8pt;">(State or other jurisdiction</font></p>
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						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:8pt;">of incorporation)</font></p>
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						&nbsp;</p>
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						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:8pt;">(Commission</font></p>
					<p style="margin:0pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 8pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:8pt;">File Number)</font></p>
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						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:8pt;">(IRS Employer</font></p>
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						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:8pt;">Identification Number)</font></p>
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						<font style="display: inline;font-family:Arial;font-size:1pt;">&#xFEFF;</font></p>
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				<td colspan="3" valign="bottom" style="width:13.86%;padding:0pt 0pt 0pt 3.6pt;height:1.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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				<td valign="bottom" style="width:09.78%;padding:0pt 0pt 0pt 3.6pt;height:1.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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				<td colspan="3" valign="bottom" style="width:48.72%;padding:0pt 0pt 0pt 3.6pt;height:1.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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			<tr>
				<td colspan="5" valign="bottom" style="width:48.64%;padding:0pt 3.6pt 0pt 3.6pt;height:23.00pt">
					<p style="margin:0pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;">911 PANORAMA TRAIL SOUTH,</font></p>
					<p style="margin:0pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;">ROCHESTER, NEW YORK</font></p>
				</td>
				<td valign="bottom" style="width:02.64%;padding:0pt 0pt 0pt 3.6pt;height:23.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="3" valign="bottom" style="width:48.72%;padding:0pt 3.6pt 0pt 3.6pt;height:23.00pt">
					<p style="margin:0pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;">14625-2396</font></p>
				</td>
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				<td colspan="5" valign="top" style="width:48.64%;padding:0pt 3.6pt 0pt 3.6pt;height:12.00pt">
					<p style="margin:0pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 8pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:8pt;">(Address of principal executive offices)</font></p>
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				<td valign="bottom" style="width:02.64%;padding:0pt 0pt 0pt 3.6pt;height:12.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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				<td colspan="3" valign="top" style="width:48.72%;padding:0pt 3.6pt 0pt 3.6pt;height:12.00pt">
					<p style="margin:0pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 8pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;font-size:8pt;">(Zip Code)</font></p>
				</td>
			</tr>
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		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;">(585) 385-6666</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 8pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:8pt;">(Registrant&#x2019;s telephone number, including area code)</font>
		</p>
		<p style="margin:0pt 0pt 10pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;">N/A</font>
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		<p style="margin:0pt 0pt 10pt;text-align:center;font-family:Calibri;line-height:115%;font-size: 8pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:8pt;">(Former name or former address, if changed since last report.)</font>
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		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 11pt">
			<font style="display: inline;font-family:Arial;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font>
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						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;color:#000000;">&#x2610;</font></p>
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				<td valign="top" style="width:94.12%;padding:0pt 2.4pt 0pt 3.6pt;height:16.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;font-family:Arial;color:#000000;">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>
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						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
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				<td valign="top" style="width:94.12%;padding:0pt 2.4pt 0pt 3.6pt;height:1.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;color:#000000;">&#x2610;</font></p>
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				<td valign="top" style="width:94.12%;padding:0pt 2.4pt 0pt 3.6pt;height:17.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;font-family:Arial;color:#000000;">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
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				<td valign="top" style="width:94.12%;padding:0pt 2.4pt 0pt 3.6pt;height:1.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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				<td valign="top" style="width:05.88%;padding:0pt 2.4pt 0pt 3.6pt;height:15.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;color:#000000;">&#x2610;</font></p>
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				<td valign="top" style="width:94.12%;padding:0pt 2.4pt 0pt 3.6pt;height:15.00pt">
					<p style="margin:0pt;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;font-family:Arial;color:#000000;">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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						<font style="display: inline;font-family:Arial;color:#000000;">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 10pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:115%;;font-size: 11pt"><font style="display: inline;"></font><font style="display: inline;font-weight:bold;color:#000000;">I</font><font style="display: inline;font-family:Arial;font-weight:bold;color:#000000;">TEM&nbsp;5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS</font>
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			<font style="display: inline;font-family:Arial;">On March 2</font><font style="display: inline;font-family:Arial;">3</font><font style="display: inline;font-family:Arial;">, 2017</font><font style="display: inline;font-family:Arial;">, &nbsp;</font><font style="display: inline;font-family:Arial;">Pamela </font><font style="display: inline;font-family:Arial;">A. </font><font style="display: inline;font-family:Arial;">Joseph </font><font style="display: inline;font-family:Arial;">notified</font><font style="display: inline;font-family:Arial;">&nbsp;</font><font style="display: inline;font-family:Arial;">Paychex, Inc. (the &#x201C;Company&#x201D;) </font><font style="display: inline;font-family:Arial;">of her resignation</font><font style="display: inline;font-family:Arial;"> from the Company&#x2019;s B</font><font style="display: inline;font-family:Arial;">o</font><font style="display: inline;font-family:Arial;">ard of Directors (the &#x201C;Board&#x201D;)</font><font style="display: inline;font-family:Arial;">.&nbsp; </font><font style="display: inline;font-family:Arial;">Ms. Joseph has been a member of the Board since 2005 and has served on both the Audit and Executive Committees.&nbsp; </font><font style="display: inline;font-family:Arial;">Ms. Joseph&#x2019;s resignation is not due to any disagreement with the Company regarding any matter related to the Company&#x2019;s operations, policies, or practices.&nbsp; </font>
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			<font style="display: inline;font-family:Arial;">The Company is currently searching for a replacement director to serve until the Company&#x2019;s 2017 Annual Meeting of Stockholders or until a successor is duly elected and qualified.&nbsp; </font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;">SIGNATURES</font>
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			<font style="display: inline;font-family:Arial;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</font>
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						<font style="display: inline;font-weight:bold;color:#000000;">PAYCHEX,&nbsp;INC.</font></p>
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						<font style="display: inline;color:#000000;">Date:</font></p>
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						<font style="display: inline;color:#000000;">March </font><font style="display: inline;color:#000000;">29</font><font style="display: inline;color:#000000;">, 2017</font></p>
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					<p style="margin:0pt;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;color:#000000;">/s/&nbsp;Martin&nbsp;Mucci</font></p>
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						<font style="display: inline;color:#000000;">President&nbsp;and Chief&nbsp;Executive&nbsp;Officer</font></p>
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						<font style="display: inline;color:#000000;">March </font><font style="display: inline;color:#000000;">29</font><font style="display: inline;color:#000000;">, 2017</font></p>
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						<font style="display: inline;color:#000000;">/s/&nbsp;Efrain&nbsp;Rivera</font></p>
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						<font style="display: inline;color:#000000;">Efrain&nbsp;Rivera</font></p>
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					<p style="margin:0pt;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;color:#000000;">Senior&nbsp;Vice&nbsp;President,&nbsp;Chief&nbsp;Financial&nbsp;Officer,&nbsp;and&nbsp;Treasurer</font></p>
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