Paychex shareholders elect directors and approve proposals at annual meeting

Paychex, Inc. (NASDAQ:PAYX), a $46.27 billion market cap company with impressive 72.83% gross profit margins, held its 2025 Annual Meeting of Stockholders on Thursday, October 9, via live webcast, according to a statement based on a recent SEC filing. InvestingPro analysis shows the company maintains strong financial health with consistent dividend payments for 38 consecutive years.

Shareholders voted on three main proposals. The first proposal was the election of ten director nominees to serve a one-year term. All ten nominees were elected. For example, Martin Mucci received 274,003,034 votes for, 12,387,949 against, and 254,109 abstentions. Other directors elected include Thomas F. Bonadio, Joseph G. Doody, John B. Gibson, Pamela A. Joseph, Theresa M. Payton, Kevin A. Price, Joseph M. Tucci, Joseph M. Velli, and Kara Wilson. Each nominee received more votes for than against. The strong shareholder support comes as Paychex demonstrates solid performance with 9.08% revenue growth and stable operations.

The second proposal was a non-binding advisory vote on the compensation of the company’s named executive officers. This proposal was approved, with 275,491,813 votes for, 10,038,236 against, and 1,115,043 abstentions.

The third proposal was the ratification of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the fiscal year 2026. This proposal was ratified, with 318,217,078 votes for, 4,314,110 against, and 385,086 abstentions.

A total of 322,916,274 shares of common stock were represented at the meeting, either in person or by proxy.

The information in this article is based on a statement provided in a recent SEC filing.

In other recent news, Paychex announced a regular quarterly cash dividend of $1.08 per share, payable on November 26, 2025, to shareholders of record as of November 7, 2025. The company’s first-quarter results have led to various adjustments in stock price targets by several analyst firms. TD Cowen has lowered its price target for Paychex from $140 to $126, citing results that were largely as expected and maintaining its Hold rating. Similarly, Stifel reduced its price target to $137, noting a 3.5% organic revenue growth and 5% EPS growth amidst a stable macroeconomic environment. Wolfe Research also cut its price target to $130 from $140, maintaining an Underperform rating due to mixed results. Meanwhile, RBC Capital reiterated its Sector Perform rating with a price target of $150, acknowledging a shortfall in the Insurance Solutions segment. These developments reflect varied analyst perspectives on Paychex’s financial performance and future prospects.

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