secwatch.observer — SEC 8-K summary
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Issuer:     Paymentus Holdings, Inc. (PAY)
CIK:        0001841156
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0000950170-23-006116
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paymentus appoints Sanjay Kalra as CFO effective March 6, 2023
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- Kalra replaces Paul Seamon, who returns to VP of Finance and Strategy.
- Kalra was CFO of Harmonic Inc. (Nasdaq: HLIT) from June 2017 to March 2023.
- Compensation: $500k base salary, $500k target bonus, $4M RSU grant on start date.
- Additional RSU grants: $2M on first anniversary, $1.4M on second and third anniversaries.
- Change-in-control severance: 75% base salary lump sum, prorated bonus, equity acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841156/000095017023006116/0000950170-23-006116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841156/000095017023006116/pay-20230301.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-006116

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer