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Paychex Inc. (PAYX)

On Feb 9: 29.11 USD   0.00 (0.00%)  
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Paychex Inc.
911 Panorama Trail South
Rochester, NY 14625-0397
Phone: 585-385-6666
Fax: 585-383-3428
Web Site: http://www.paychex.com

DETAILS
Index Membership: S&P 500
S&P 1500 Super Comp
Nasdaq 100
Sector: Services
Industry: Staffing & Outsourcing Services
Employees (last reported count): 12,300

BUSINESS SUMMARY
Paychex, Inc., together with its subsidiaries, provides payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses in the United States and Germany. It offers payroll processing services, which include 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 clientsÂ’ payroll obligations. The company also provides payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. Its human resource outsourcing services include payroll, employer compliance, human resource and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained human resource representative. In addition, the company offers retirement services administration; workersÂ’ compensation insurance services; health and benefits services; time and attendance solutions; and other human resource services and products. It also operates a professional employer organization. As of May 31, 2009, the company served approximately 554,000 clients in the United States; and 1,600 clients in Germany. Paychex, Inc. was founded in 1971 and is headquartered in Rochester, New York.
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    OFFICERS
      Pay Exercised
    Mr. Tom Golisano , 68
    Founder, Chairman and Member of Exec. Committee
    N/A N/A
    Mr. Jonathan Judge , 56
    Chief Exec. Officer, Pres, Director and Chairman of Exec. Committee
    $ 1.24M $ 0
    Mr. John M. Morphy , 62
    Chief Financial Officer, Principal Accounting Officer, Sr. VP and Sec.
    $ 523.00K $ 0
    Mr. Martin Mucci , 50
    Sr. VP of Operations
    $ 509.00K $ 0
    Mr. William G. Kuchta Ed.D., 63
    VP of Organizational Devel.
    $ 357.00K $ 335.00K
    Dollar amounts are as of 31-Dec-09 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.
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