secwatch.observer — SEC 8-K summary
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Issuer:     Paymentus Holdings, Inc. (PAY)
CIK:        0001841156
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014828
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Paymentus appoints Arun Oberoi to Board of Directors, effective April 27, 2023
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- Arun Oberoi appointed to Board, effective April 27, 2023; Board expands from 7 to 8 directors.
- Oberoi is former EVP Global Sales & Services at Red Hat; also serves on boards of Schrodinger, Proofpoint, Talend.
- Oberoi had a consulting agreement with Paymentus subsidiary PGI, terminated April 6, 2023; paid $183,331 in 2022.
- Due to prior consulting compensation, Oberoi does not qualify as independent under NYSE rules; not appointed to any committee.
- Oberoi will receive standard director compensation and enter indemnification agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841156/000095017023014828/0000950170-23-014828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841156/000095017023014828/pay-20230424.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014828

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