Paychex 2014 Annual Report Download - page 18

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PAYCHEX, INC.
INDEX TO FORM 10-K
For the fiscal year ended May 31, 2014
Description Page
PART I
Cautionary Note Regarding Forward-Looking Statements Pursuant to the United States Private
Securities Litigation Reform Act of 1995 ............................................ 1
Item 1 Business ...................................................................... 2
Item 1A Risk Factors ................................................................... 9
Item 1B Unresolved Staff Comments ...................................................... 11
Item 2 Properties ..................................................................... 11
Item 3 Legal Proceedings .............................................................. 12
Item 4 Mine Safety Disclosures ......................................................... 12
PART II
Item 5 Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities ............................................................... 12
Item 6 Selected Financial Data .......................................................... 14
Item 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations ..... 14
Item 7A Quantitative and Qualitative Disclosures About Market Risk ............................ 30
Item 8 Financial Statements and Supplementary Data ........................................ 33
Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ..... 66
Item 9A Controls and Procedures ......................................................... 66
Item 9B Other Information .............................................................. 67
PART III
Item 10 Directors, Executive Officers and Corporate Governance ............................... 67
Item 11 Executive Compensation ......................................................... 68
Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder
Matters ....................................................................... 68
Item 13 Certain Relationships and Related Transactions, and Director Independence ................ 69
Item 14 Principal Accounting Fees and Services ............................................. 69
PART IV
Item 15 Exhibits and Financial Statement Schedules .......................................... 69
Signatures .................................................................... 72
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