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Paychex, Inc. (PAYX)

-NasdaqGS
40.93 Up 0.05(0.12%) Apr 17, 4:00PM EDT
|After Hours : 40.93 0.00 (0.00%) Apr 17, 4:56PM EDT
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Paychex, Inc.
911 Panorama Trail South
Rochester, NY 14625
United States - Map
Phone: 585-385-6666
Website: http://www.paychex.com

Details 
Index Membership:N/A
Sector:Services
Industry:Staffing & Outsourcing Services
Full Time Employees:12,700

Business Summary 

Paychex, Inc., together with its subsidiaries, provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that include the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients’ payroll obligations. It also provides a software-as-a-service solution to meet the payroll and human resource administrative needs; a suite of self-service online payroll services and products, including Paychex Online Payroll, Internet time sheet, online reports, and general ledger reporting service; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. In addition, the company offers human resource outsourcing solutions that provide a package of services consisting of payroll, employer compliance, human resource and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained human resource representative. Further, it provides retirement services administration; insurance agency services for property and casualty, business-owner, commercial auto, and health and benefits insurance products; online human resource administration software tools for managing employee benefits, personnel information, and human resource compliance and reporting; and other human resource services products, including employee handbooks, management manuals, and personnel and required regulatory forms. The company markets its services primarily through its direct sales force. As of May 31, 2013, it serviced approximately 570,000 payroll clients. The company was founded in 1971 and is headquartered in Rochester, New York.

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Corporate Governance 
Paychex, Inc.’s ISS Governance QuickScore as of Apr 1, 2014 is 1. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 1; Compensation: 4.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. Martin Mucci , 54
Chief Exec. Officer, Pres, Director and Chairman of Exec. Committee
1.74M98.00K
Mr. Efrain Rivera DM,MBA,J.D., 57
Chief Financial Officer, Sr. VP and Treasurer
702.00K0.00
Mr. Mark A. Bottini , 53
Sr. VP of Sales
694.00K0.00
Mr. Michael E. Gioja , 56
Sr. VP of Information Technology, Product Management and Devel.
613.00K140.00K
Mr. Robert Morin ,
VP of Major Market Sales
293.00K0.00
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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