Paychex (PAYX) AGM 2026 summary

Opening remarks and agenda

• Virtual meeting held Oct. 15, 2026; ~91% of ~356 million shares outstanding were represented, establishing a quorum.

• Agenda covered 10 director elections, advisory executive compensation, auditor ratification, and a shareholder proposal on calling special meetings.

• Official business preceded stockholder questions; polls closed at ~9:39 a.m. Eastern Time.

Board and executive committee updates

• Kara Wilson was not standing for re-election after 10 years of board service.

• 10 director nominees were proposed for terms through the 2027 Annual Meeting, or until successors are elected and qualified.

Shareholder proposals

• John Chevedden urged support for an attainable right to call a special meeting, arguing the existing threshold could require over 60% of votes cast at an annual meeting and that engagement cannot put matters to a vote.

• The board recommended voting against the proposal, citing reasons in the proxy statement.