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: January 26, 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 it has elected Joseph M. Tucci to the Board
of Directors. The registrant's press release dated January 26, 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: January 27, 2000 /s/ B. Thomas Golisano
-----------------------
B. Thomas Golisano
Chairman, President and
Chief Executive Officer
Date: January 27, 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
http://www.BusinessWire.com or http://www.paychex.com
PAYCHEX ELECTS A NEW BOARD MEMBER
ROCHESTER, N.Y., January 26, 2000 -- the Board of Directors of Paychex,
Inc. (NASDAQ-PAYX) elects a new board member.
B. Thomas Golisano, Chairman, President and Chief Executive Officer,
commented, "My colleagues and I are delighted that Joseph M. Tucci will
be joining the Paychex board. His strong background in operations and
technology driven companies will be very valuable to our team as Paychex
enters the new millennium."
Joseph Tucci was recently appointed as the President and Chief
Operating Officer of EMC Corporation, a Fortune 500 company based in
Hopkinton, Massachusetts. EMC is the world's technology and market
leader in the rapidly growing market for intelligent enterprise
storage systems, software, networks, and services. Mr. Tucci brings
extensive operations experience and technology insight to the Paychex
board.
Prior to joining EMC, he directed the financial and operational
rebirth of Wang Global during six years as Chairman and CEO. Tucci
joined Wang in 1993 and was instrumental in transforming Wang from a
midrange computer manufacturer into a worldwide leader in networked
technology services and solutions.
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 and serves more than 338,000 clients
nationwide.
