Paychex Authorizes $1 Billion Buyback, Adds J. Michael Hansen to Board
On January 16, 2026, Paychex's board authorized repurchases of up to $1 billion of common stock, replacing the 2024 authorization of $400 million. On January 20, the board expanded from 10 to 11 members and appointed J. Michael Hansen, former CFO of Cintas, as an independent director and Audit Committee member. The company also declared a quarterly dividend of $1.08 per share on January 16.
Key points
- Board authorized repurchase of up to $1 billion of common stock on January 16, 2026, replacing the $400 million 2024 authorization
- Quarterly dividend of $1.08 per share declared, payable February 27, 2026, to holders of record as of January 28, 2026
- Board expanded to 11 members; J. Michael Hansen appointed independent director, effective immediately
- Hansen served as Executive Vice President and CFO of Cintas for more than 10 years and will serve on the Audit Committee
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.