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Paychex, Inc.’s Board of Directors Encourages Stockholders to Vote FOR the Company’s Advisory Vote to Approve Named Executive Officer Compensation
Institutional Shareholder Services Inc. now recommends vote FOR Named Executive Officers’ Compensation Proposal
September 29, 2022
Dear Paychex Stockholder,
Thank you for your investment in Paychex, Inc. (“we”, “our”, or the “Company”). On September 27, 2022, we filed supplemental proxy material outlining the proxy advisory firms’ recommendations and our response to Institutional Shareholder Services Inc.'s (“ISS”) recommendation to vote against our named executive officers’ compensation proposal (the “Say-on-Pay proposal”).
Subsequent to our filing, ISS issued a proxy alert to update their vote recommendation. ISS now recommends a vote FOR the Say-on-Pay proposal.
We appreciate your continued support.
THE BOARD OF DIRECTORS STRONGLY ENCOURAGES YOU TO VOTE “FOR” PROPOSAL 2: ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION.