---
schema_version: "secwatch.filing_event.v1"
accession: "0000027996-24-000009"
form_type: "8-K"
ticker: "DLX"
cik: "0000027996"
company_name: "DELUXE CORP"
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:34:02.236640+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Deluxe B2B President Michael Reed to depart; Special Advisor until March 29, 2024

## Summary
- Reed (SVP, President B2B) transitions to Special Advisor to CEO effective Jan 10, 2024; separation March 29.
- Separation agreement includes 12-month base salary severance, up to $25k outplacement, plus $20k one-time payment.
- Reed will receive FY2023 cash bonus per Annual Incentive Plan; equity awards determined per plan terms.
- Reed must comply with existing confidentiality and non-competition agreements after separation.

## SEC filing metadata
- accession: 0000027996-24-000009
- form_type: 8-K
- ticker: DLX
- cik: 0000027996
- company_name: DELUXE CORP
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27996/000002799624000009/0000027996-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27996/000002799624000009/dlx-20240110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027996-24-000009
- JSON: https://secwatch.observer/filing/0000027996-24-000009.json
- Plain text: https://secwatch.observer/filing/0000027996-24-000009.txt

## Key facts
- Executive change
  Michael Reed departed as Special Advisor to the Chief Executive Officer at DELUXE CORP.
  - Action: separation
  - Role: Special Advisor to the Chief Executive Officer
  source text: Mr. Reed will serve as Special Advisor during a transition period until Mr. Reed’s separation from the Company on March 29, 2024, subject to extension by the Company (the “Separation Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/27996/000002799624000009/0000027996-24-000009-index.htm
- Executive change
  Michael Reed changed role as Special Advisor to the Chief Executive Officer at DELUXE CORP.
  - Action: transitioned
  - Role: Special Advisor to the Chief Executive Officer
  source text: Effective January 10, 2024, Michael Reed, Senior Vice President, President, B2B of Deluxe Corporation (the “Company”), transitioned into the role of Special Advisor to the Company’s Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/27996/000002799624000009/0000027996-24-000009-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.