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: April 13, 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 3-for-2 stock
split, payable May 22, 2000 to stockholders of record on May 12,2000 and
declared a regular quarterly dividend of $.09 per share payable May 15, 2000 to
shareholders of record May 1, 2000. The registrant's press release dated April
13, 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: April 14, 2000 /s/ B. Thomas Golisano
-----------------------
B. Thomas Golisano
Chairman, President and
Chief Executive Officer
Date: April 14, 2000 /s/ John M. Morphy
-----------------------
John M. Morphy
Vice President, Chief
Financial Officer and
Secretary
FOR IMMEDIATE RELEASE
John Morphy, Chief Financial Officer
Paychex, Inc. 716-385-6666
or
Jan Shuler
Paychex, Inc. 716-383-3406
PAYCHEX DECLARES 3-FOR-2 STOCK SPLIT
ANNOUNCES QUARTERLY DIVIDEND
ROCHESTER, N.Y., April 13, 2000 - Today the Board of Directors of
Paychex, Inc. (NASDAQ-PAYX) declared a 3-for-2 stock split, payable May
22, 2000 to shareholders of record on May 12, 2000. In addition, the
Board has also declared a regular quarterly dividend of $.09 per share
payable May 15, 2000 to shareholders of record May 1, 2000. The regular
dividend is payable prior to the payment date of the stock split.
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 345,000
clients nationwide.
