---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-094116"
form_type: "8-K"
ticker: "KPLT"
cik: "0001785424"
company_name: "Katapult Holdings, Inc."
filed_at: "2026-08-11T20:54:14+00:00"
generated_at: "2026-08-11T20:55:16.037191+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Katapult closes CCFI/Aaron's merger; new CEO, CFO and $200M+ debt facilities

## Summary
- Closed merger with CCFI and Aaron's on Aug 11, 2026; ~87.4M shares outstanding fully diluted.
- CCFI equityholders get 58,516,558 shares (~79.8%), Aaron's get 11,369,237 (~14.1%); former Katapult holders ~6.1%.
- New $200M TopCo term loan: $122M funded at 15% cash + 5% PIK interest, $78M delayed draw, maturity Aug 11, 2029.
- $75M MidCo term loan at 15%, proceeds repurchase 65,000 Hawthorn preferred shares; maturity Nov 3, 2030.
- Leadership: Kyle Hanson Exec Chairman, Cory Miller CEO, Russell Falkenstein CFO; Zayas, Medlin, Walsh resigned.

## SEC filing metadata
- accession: 0001104659-26-094116
- form_type: 8-K
- ticker: KPLT
- cik: 0001785424
- company_name: Katapult Holdings, Inc.
- filed_at: 2026-08-11T20:54:14+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 2.03, 5.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/tm2622446d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-094116
- JSON: https://secwatch.observer/filing/0001104659-26-094116.json
- Plain text: https://secwatch.observer/filing/0001104659-26-094116.txt

## Key facts
- Executive change
  Gregory Zink resigned as Director at Katapult Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, each of Philip Bartow, III, Don Gayhardt, Derek Medlin, Orlando Zayas and Gregory Zink resigned from the board of directors of Katapult (the “ Board ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Philip Bartow, III was appointed as Director at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, the size of the Board was increased to ten directors and the following individuals were appointed to the Board as directors in the classes set forth below: Jennifer Baldock, Philip Bartow, III, Lynn DeVault, Kyle Hanson, Michael Heller, William Jones, III, Cory Miller, Eugene Schutt, Orlando Zayas and Gregory Zink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Cory Miller was appointed as Director at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, the size of the Board was increased to ten directors and the following individuals were appointed to the Board as directors in the classes set forth below: Jennifer Baldock, Philip Bartow, III, Lynn DeVault, Kyle Hanson, Michael Heller, William Jones, III, Cory Miller, Eugene Schutt, Orlando Zayas and Gregory Zink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Nancy Walsh resigned as Chief Financial Officer at Katapult Holdings, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, Orlando Zayas resigned as Chief Executive Officer, Derek Medlin resigned as President and Chief Growth Officer and Nancy Walsh resigned as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Jennifer Baldock was appointed as Lead Director of the Board at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Lead Director of the Board
  source text: Kyle Hanson will serve as the Executive Chairman of the Board and Jennifer Baldock will serve as Lead Director of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Orlando Zayas resigned as Chief Executive Officer at Katapult Holdings, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, Orlando Zayas resigned as Chief Executive Officer, Derek Medlin resigned as President and Chief Growth Officer and Nancy Walsh resigned as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Gregory Zink was appointed as Director at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, the size of the Board was increased to ten directors and the following individuals were appointed to the Board as directors in the classes set forth below: Jennifer Baldock, Philip Bartow, III, Lynn DeVault, Kyle Hanson, Michael Heller, William Jones, III, Cory Miller, Eugene Schutt, Orlando Zayas and Gregory Zink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Kyle Hanson was appointed as Executive Chairman of the Board at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Executive Chairman of the Board
  source text: Kyle Hanson will serve as the Executive Chairman of the Board and Jennifer Baldock will serve as Lead Director of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Don Gayhardt resigned as Director at Katapult Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, each of Philip Bartow, III, Don Gayhardt, Derek Medlin, Orlando Zayas and Gregory Zink resigned from the board of directors of Katapult (the “ Board ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Jennifer Baldock was appointed as Director at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, the size of the Board was increased to ten directors and the following individuals were appointed to the Board as directors in the classes set forth below: Jennifer Baldock, Philip Bartow, III, Lynn DeVault, Kyle Hanson, Michael Heller, William Jones, III, Cory Miller, Eugene Schutt, Orlando Zayas and Gregory Zink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Philip Bartow, III resigned as Director at Katapult Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, each of Philip Bartow, III, Don Gayhardt, Derek Medlin, Orlando Zayas and Gregory Zink resigned from the board of directors of Katapult (the “ Board ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Orlando Zayas was appointed as Director at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, the size of the Board was increased to ten directors and the following individuals were appointed to the Board as directors in the classes set forth below: Jennifer Baldock, Philip Bartow, III, Lynn DeVault, Kyle Hanson, Michael Heller, William Jones, III, Cory Miller, Eugene Schutt, Orlando Zayas and Gregory Zink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Kyle Hanson was appointed as Director at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, the size of the Board was increased to ten directors and the following individuals were appointed to the Board as directors in the classes set forth below: Jennifer Baldock, Philip Bartow, III, Lynn DeVault, Kyle Hanson, Michael Heller, William Jones, III, Cory Miller, Eugene Schutt, Orlando Zayas and Gregory Zink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Orlando Zayas resigned as Director at Katapult Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, each of Philip Bartow, III, Don Gayhardt, Derek Medlin, Orlando Zayas and Gregory Zink resigned from the board of directors of Katapult (the “ Board ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Michael Heller was appointed as Director at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, the size of the Board was increased to ten directors and the following individuals were appointed to the Board as directors in the classes set forth below: Jennifer Baldock, Philip Bartow, III, Lynn DeVault, Kyle Hanson, Michael Heller, William Jones, III, Cory Miller, Eugene Schutt, Orlando Zayas and Gregory Zink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Derek Medlin resigned as President and Chief Growth Officer at Katapult Holdings, Inc..
  - Action: resigned
  - Role: President and Chief Growth Officer
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, Orlando Zayas resigned as Chief Executive Officer, Derek Medlin resigned as President and Chief Growth Officer and Nancy Walsh resigned as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Eugene Schutt was appointed as Director at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, the size of the Board was increased to ten directors and the following individuals were appointed to the Board as directors in the classes set forth below: Jennifer Baldock, Philip Bartow, III, Lynn DeVault, Kyle Hanson, Michael Heller, William Jones, III, Cory Miller, Eugene Schutt, Orlando Zayas and Gregory Zink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Derek Medlin resigned as Director at Katapult Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, each of Philip Bartow, III, Don Gayhardt, Derek Medlin, Orlando Zayas and Gregory Zink resigned from the board of directors of Katapult (the “ Board ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  William Jones, III was appointed as Director at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, the size of the Board was increased to ten directors and the following individuals were appointed to the Board as directors in the classes set forth below: Jennifer Baldock, Philip Bartow, III, Lynn DeVault, Kyle Hanson, Michael Heller, William Jones, III, Cory Miller, Eugene Schutt, Orlando Zayas and Gregory Zink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm
- Executive change
  Lynn DeVault was appointed as Director at Katapult Holdings, Inc..
  - Action: appointed
  - Role: Director
  source text: In accordance with the Merger Agreement and the Stockholders Agreement, effective as of the Closing, the size of the Board was increased to ten directors and the following individuals were appointed to the Board as directors in the classes set forth below: Jennifer Baldock, Philip Bartow, III, Lynn DeVault, Kyle Hanson, Michael Heller, William Jones, III, Cory Miller, Eugene Schutt, Orlando Zayas and Gregory Zink.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1785424/000110465926094116/0001104659-26-094116-index.htm

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