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, 2001
(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 9. REGULATION FD DISCLOSURE
The registrant's press release dated October 11, 2001 is attached. This
release announces the election of Betsy S. Atkins to the Board of Directors
of Paychex, Inc.
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 12, 2001 /s/ B. Thomas Golisano
-----------------------
B. Thomas Golisano
Chairman, President and
Chief Executive Officer
Date: October 12, 2001 /s/ John M. Morphy
-----------------------
John M. Morphy
Vice President, Chief
Financial Officer and
Secretary
FOR IMMEDIATE RELEASE
Contact 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., October 11, 2001 -- The Board of Directors of Paychex,
Inc. (NASDAQ-PAYX) announces the election of Betsy S. Atkins as a board member.
B. Thomas Golisano, Chairman, President and Chief Executive Officer,
commented, "My colleagues and I are delighted that Betsy S. Atkins will be
joining the Paychex board. Her entrepreneurial, new economy experience combined
with her strong commitment to corporate governance will be a valuable asset. We
welcome her proven track record of positive contributions to sales and
service-oriented companies."
Betsy Atkins is President and CEO of Baja LLC, an independent venture
capital firm that focuses on early stage, high tech and life sciences companies.
Prior to founding Baja LLC, she was President and CEO for NCI, Inc., a
private label manufacturer of neutraceutical medical food products. Following
her tenure at NCI, she was co-founder and board member of Ascend Communications,
Inc., a networking company that grew to a $5 billion public enterprise. In 2000,
Ms. Atkins joined the Lucent Technologies Board of Directors, where she serves
on the audit and compensation committees. She is also on the Board of Directors
for Polycom, Inc. and the Board of Trustees for Florida International
University. Ms. Atkins holds a bachelor's degree from the University of
Massachusetts and scholarships to Oxford University and the University of
Copenhagen.
President George W. Bush recently named Ms. Atkins for appointment to the
Advisory Committee of the Pension Benefit Guaranty Corporation. In her role, she
will represent the interest of employers for a term that will expire in 2003.
Paychex, Inc. is a leading national provider of payroll, human resource,
and benefits outsourcing solutions for small- to medium-sized businesses. The
company offers comprehensive payroll services, including payroll processing,
payroll tax administration, and employee pay services, including direct deposit,
check signing, and Readychex.
Human resource and benefits outsourcing services include 401(k) plan
recordkeeping, workers' compensation administration, section 125 plans, a
professional employer organization, and other administrative services for
business. Paychex was founded in 1971. Headquartered in Rochester, New York, the
company has more than 100 offices nationwide.