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Paychex Annual Report (Amendment), Year Ended May 31, 2006

Filing Date
Filed September 8, 2006
Period End
May 31, 2006
Security
PAYX
In the record · 2016–202610-K1110-Q328-K99

PAYX filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 99 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jul ’17Jul ’17
  2. Material agreement8-K · Aug ’19Aug ’19
  3. Material agreement8-K · Sep ’21Sep ’21
  4. Leadership change8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 10-K/A filed September 8, 2006. Cited figures are marked; the original filing is the authoritative source.

This filing is Amendment No. 1 on Form 10-K/A to Paychex, Inc.'s Annual Report for the fiscal year ended May 31, 2006, filed September 8, 2006.

The Original Filing was made with the SEC on July 21, 2006. The sole purpose of the amendment is to update certain disclosures regarding maximum incentives under the Paychex, Inc. Officer Performance Incentive Program for the Year Ending May 31, 2007, which was originally filed as Exhibit 10(o) to the Original Filing. The amendment does not reflect developments since the Original Filing and does not amend or update any financial statements or other disclosures in it, which are incorporated by reference.

The filing includes the amended incentive program exhibit, Section 302 and Section 906 Sarbanes-Oxley certifications, and signatures from the President and CEO Jonathan J. Judge, the CFO John M. Morphy, and the board of directors.

The company reports as a Delaware corporation with common stock traded on the NASDAQ Stock Market, with 380,333,725 shares outstanding as of June 30, 2006. Its non-affiliate market value was $14,387,643,144a as of November 30, 2005. The company is a large accelerated filer, and Part III information is incorporated by reference from the definitive proxy statement for the October 5, 2006 Annual Meeting of Stockholders.

For investors, this amendment contains no new financial results, operating metrics, or risk disclosures. Its relevance is limited to the updated maximum incentive terms in the officer compensation program, and the financial information for fiscal 2006 must be taken from the Original Filing.

02—Key points

Key Highlights

  1. Amendment No. 1 on Form 10-K/A for the fiscal year ended May 31, 2006, filed September 8, 2006, amending the Original Filing made July 21, 2006.
  2. Sole purpose is to update disclosures on maximum incentives under the Officer Performance Incentive Program for the Year Ending May 31, 2007 (Exhibit 10(o)).
  3. No financial statements or other disclosures from the Original Filing are amended, updated, or changed; the Original Filing is incorporated by reference.
  4. Non-affiliate aggregate market value was $14,387,643,144 as of November 30, 2005, based on the NASDAQ closing price.
  5. 380,333,725 shares of common stock, $.01 par value, were outstanding as of June 30, 2006.
  6. Company is a Delaware corporation, rated a large accelerated filer, and headquartered in Rochester, New York.
  7. Part III items (10 through 14) are incorporated by reference from the definitive proxy statement for the October 5, 2006 Annual Meeting of Stockholders.

03—Questions

Frequently Asked Questions

  1. What is the purpose of this 10-K/A filing?

    The filing solely amends the Officer Performance Incentive Program for the Year Ending May 31, 2007, which was filed as Exhibit 10(o) to the Original Filing, to update certain disclosures regarding maximum incentives under the program. It does not change any financial statements or other disclosures.

  2. Does this amendment contain new financial results for fiscal 2006?

    No. The filing states that it does not reflect developments since the Original Filing and does not amend, update, or change any financial statements or other disclosures in that filing, which is incorporated by reference.

  3. When was the Original Filing made, and what does this amendment include?

    The Original Filing was filed with the SEC on July 21, 2006. This amendment, dated September 8, 2006, includes the amended incentive program exhibit, Sarbanes-Oxley Section 302 and Section 906 certifications, and the required signatures.

  4. How many shares were outstanding and what was the non-affiliate market value?

    As of June 30, 2006, 380,333,725 shares of common stock were outstanding. As of November 30, 2005, shares held by non-affiliates had an aggregate market value of $14,387,643,144, based on the NASDAQ closing price on that date.

  5. Where can investors find Part III information such as executive compensation?

    Part III information (Items 10 through 14) is incorporated by reference from the registrant's definitive proxy statement for the Annual Meeting of Stockholders to be held on October 5, 2006.

04—Continue

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