secwatch.observer — SEC 8-K summary
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Issuer:     Repay Holdings Corp (RPAY)
CIK:        0001720592
Form:       8-K
Filed at:   2022-06-09T23:59:59+00:00
Accession:  0001193125-22-170564
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Repay shareholders approve declassified board, 6.5M new shares for incentive plan
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- Stockholders approved amendment to declassify Board of Directors, effective immediately.
- Amendment removes supermajority voting requirements for charter/bylaw changes.
- Omnibus Incentive Plan amended: adds 6.5M shares, extends term to April 2032, vests min 1 year.
- Non-employee director annual award cap set at $650K per calendar year.
- Three Class III directors elected: William Jacobs, Peter J. Kight, John Morris.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720592/000119312522170564/0001193125-22-170564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720592/000119312522170564/d359800d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-170564

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