Payoneer CFO Michael Levine to step down; preliminary 2022 results exceed guidance

Payoneer Global Inc.

CFO Michael Levine expected to depart in March 2023; Bea Ordonez appointed Deputy CFO and expected to succeed him.
Preliminary 2022 full-year results expected to exceed previously provided guidance.
Company reaffirms commitment to increase adjusted EBITDA in 2023.
Bea Ordonez brings over 20 years of fintech experience, including CFO roles at multiple public companies.
Separation agreement includes salary continuation, $400K severance, and equity acceleration through March 2024.

item 2.02 item 7.01 item 5.02 item 9.01

Executive movements

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Departed

Michael Levine

Chief Financial Officer

PAYO · Payoneer Global Inc.

Effective: 2023-03-01
Filed: January 18, 2023, 6:59 PM ET

On January 18, 2023, Payoneer Global Inc. (the “Company”) announced that Michael Levine is expected to depart as Chief Financial Officer of the Company in March 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Payoneer Global Inc. updated its full year 2022 guidance (raised).

Period: full year 2022
Guidance: raised
Result: preliminary results

Exact text from the filing

Based on preliminary internal results, Payoneer expects to exceed full year 2022 guidance and the Company reaffirms its prior commitment to increase adjusted EBITDA for 2023, both of which were provided in its November 2022 earnings release.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Levine departed as Chief Financial Officer at Payoneer Global Inc..

Action: departed
Role: Chief Financial Officer

Exact text from the filing

On January 18, 2023, Payoneer Global Inc. (the “Company”) announced that Michael Levine is expected to depart as Chief Financial Officer of the Company in March 2023.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Payoneer Global Inc. filing history →

Source: SEC EDGAR

accession 0000950103-23-000578

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