UNITED STATES

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 11, 2011

(Date of earliest event reported)

 

 

PAYCHEX, INC.

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE   0-11330   16-1124166

(State of or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification Number)

 

911 PANORAMA TRAIL SOUTH, ROCHESTER, NEW YORK   14625-2396
(Address of principal executive offices)   (Zip Code)

(585) 385-6666

(Registrant’s telephone number, including area code)

None

(Former name or former address, if changed since last report.)

 

 

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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

 

(a) The Annual Meeting of Stockholders was held on October 11, 2011.

 

(b) There were present at the meeting, either in person or by proxy, holders of 325,186,379 common shares. Stockholders elected the nine nominees, constituting our entire Board of Directors (the “Board”), to hold office until the next Annual Meeting of Stockholders in 2012; approved the advisory vote on executive compensation; approved holding future advisory votes on executive compensation every year; and ratified the selection of our independent registered public accounting firm.

Results of stockholder voting are as follows:

 

Election of Directors

    For      Against      Abstain      Broker
Non-Votes		  

B. Thomas Golisano

      265,631,037         4,547,978         291,101         54,716,263   

Joseph G. Doody

      266,872,681         3,320,665         276,770         54,716,263   

David J. S. Flaschen

      263,860,539         6,326,487         283,090         54,716,263   

Phillip Horsley

      265,423,636         4,676,882         369,598         54,716,263   

Grant M. Inman

      263,725,500         6,448,279         296,337         54,716,263   

Pamela A. Joseph

      269,184,313         1,019,166         266,637         54,716,263   

Martin Mucci

      267,226,853         2,978,523         264,740         54,716,263   

Joseph M. Tucci

      251,840,877         18,344,350         284,889         54,716,263   

Joseph M. Velli

      265,420,365         4,768,068         281,683         54,716,263   

Advisory Vote on Executive Compensation

    For      Against      Abstain      Broker
Non-Votes		  
     263,343,343         6,327,495         799,278         54,716,263   

Advisory vote on the Frequency of Future Advisory Votes on Executive
Compensation

    One Year      Two Years      Three Years      Abstain  
     208,952,720         7,602,764         53,292,344         622,288   

 

Ratification of Selection of Ernst & Young LLP as the Company’s Independent Registered
Public Accounting Firm

    For      Against      Abstain  
     321,149,746         3,421,000         615,633   

 

(d) A majority of the votes cast by stockholders voted, on an advisory basis, to hold an advisory vote to approve executive compensation every year. In light of these results, the Company’s Board has determined that the Company will hold an annual advisory vote on executive compensation. Unless the Board subsequently determines otherwise, the Company will continue to hold annual advisory votes until the next stockholder advisory vote on the frequency of advisory votes on executive compensation, which will be held no later than the Annual Meeting of Stockholders to be held in 2017.

 

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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 14, 2011    

/s/ Martin Mucci

      Martin Mucci
      President and Chief Executive Officer
Date:   October 14, 2011    

/s/ Efrain Rivera

      Efrain Rivera
      Senior Vice President, Chief Financial Officer, and Treasurer

 

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