secwatch.observer — SEC 8-K summary
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Issuer:     Paymentus Holdings, Inc. (PAY)
CIK:        0001841156
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0000950170-23-026443
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Paymentus adopts 2023 exec bonus plan; CEO declines bonus; shareholders approve charter amendment
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- CFO Kalra $500k base, target bonus 100%; other execs Portocalis $420k, Gerber $341k.
- CEO Sharma declines $675k target bonus (192.9% of $350k base); funds reinvested in company.
- Annual meeting elected Class II directors Davids, Malinowski, and Trainor.
- Shareholders ratified PwC as independent auditor for FY2023.
- Approved charter amendment to limit officer liability as permitted by Delaware law.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841156/000095017023026443/0000950170-23-026443-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841156/000095017023026443/pay-20230601.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-026443

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