---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002793"
form_type: "8-K"
ticker: "PAY"
cik: "0001841156"
company_name: "Paymentus Holdings, Inc."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:25:40.001472+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Paymentus approves severance agreement for Interim CFO and revises director compensation policy

## Summary
- Board approved Change in Control and Severance Agreement for Interim CFO Paul Seamon.
- Outside change in control: Seamon gets 6 months base salary and healthcare if terminated without cause or for good reason.
- During change in control: lump sum 75% base salary, prorated bonus, 9 months healthcare, equity vesting acceleration.
- Board also adopted revised Outside Director Compensation Policy, removing initial $340K RSU grant for new non-employee directors.
- Revised policy adds cash compensation for short-term ad hoc board committees; effective Feb 13, 2023.

## SEC filing metadata
- accession: 0000950170-23-002793
- form_type: 8-K
- ticker: PAY
- cik: 0001841156
- company_name: Paymentus Holdings, Inc.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841156/000095017023002793/0000950170-23-002793-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841156/000095017023002793/pay-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002793
- JSON: https://secwatch.observer/filing/0000950170-23-002793.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002793.txt

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