PAYX - Paychex, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Paychex, Inc.

911 Panorama Trail South
Rochester, NY 14625
United States
585-385-6666
http://www.paychex.com

SectorIndustrials
IndustryStaffing & Employment Services
Full Time Employees15,600

Key Executives

NameTitlePayExercisedYear Born
Mr. B. Thomas GolisanoFounder & Chairman326.25kN/A1942
Mr. Martin MucciPres, CEO & Director2.68M6.19M1960
Mr. Mark A. BottiniSr. VP of Sales1.04M1.29M1961
Mr. Michael E. GiojaSr. VP of Product Devel. & Information Technology1.11M1.37M1958
Mr. John B. GibsonSr. VP of Service1.05M3.32M1967
Amounts are as of December 31, 2019 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.

Description

Paychex, Inc. provides integrated human capital management solutions for payroll, benefits, human resource (HR), retirement, and insurance services for small- to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR outsourcing services, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, the company offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; various accounting and financial services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and various services, such as payment processing services, financial fitness programs, and a small-business loan resource center. Further, it provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life; and state unemployment insurance services, which allows clients with prompt processing for all claims, appeals, determinations, change statements, and requests for separation documents. The company markets its products and services through direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.

Corporate Governance

Paychex, Inc.’s ISS Governance QualityScore as of October 4, 2019 is 5. The pillar scores are Audit: 1; Board: 9; Shareholder Rights: 2; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.