SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: October 10, 2000
(Date of earliest event reported)
PAYCHEX, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-11330 16-1124166
(State of incorporation) (Commission (IRS Employer
File Number) Identification Number)
911 PANORAMA TRAIL SOUTH, ROCHESTER, NEW YORK 14625-0397
(Address of principal executive offices) (Zip Code)
(716)385-6666
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
The registrant announced that the Board of Directors declared a 50% increase
in the company's quarterly dividend from $.06 per share to $.09 per share
payable November 15, 2000 to shareholders of record November 1, 2000. The
registrant's press release dated October 10, 2000 is attached.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PAYCHEX, INC.
Date: October 10, 2000 /s/ B. Thomas Golisano
-----------------------
B. Thomas Golisano
Chairman, President and
Chief Executive Officer
Date: October 10, 2000 /s/ John M. Morphy
-----------------------
John M. Morphy
Vice President, Chief
Financial Officer and
Secretary
FOR IMMEDIATE RELEASE
John M. Morphy, Chief Financial Officer
Paychex, Inc. 716-385-6666
or
Jan Shuler
Paychex, Inc. 716-383-3406
Access Paychex, Inc. News Releases on the WORLD WIDE WEB
http://www.businesswire.com
PAYCHEX ANNOUNCES 50% INCREASE IN QUARTERLY DIVIDEND
ROCHESTER, N.Y., October 10, 2000 - The Board of Directors of Paychex, Inc.
(NASDAQ-PAYX) has declared a 50% increase in the company's quarterly dividend
from $.06 per share to $.09 per share payable November 15, 2000 to shareholders
of record November 1, 2000.
Tom Golisano, Chairman and Chief Executive Officer, commented that the dividend
increase is a result of continued earnings gains and our strong cash position.
Paychex, Inc. is a national provider of payroll processing, human resource and
benefits outsourcing solutions for small to medium-sized businesses. The
company is a leading U.S. payroll processor with a comprehensive product
offering including payroll tax returns, direct deposit and other payroll
services. The human resource and benefits outsourcing services include a
professional employer organization ("PEO"), 401(k) recordkeeping, section 125
cafeteria plans and employee handbooks.
Paychex Inc. was founded in 1971. Headquartered in Rochester, New York, the
company has over 100 locations.
