other material
confidence high
sentiment neutral
materiality 0.65
REPAY appoints Zach Sadek to board, enters cooperation agreement with Parthenon Capital
Repay Holdings Corp
- Board expanded from 6 to 7; Zachary F. Sadek appointed effective July 13, 2026, term through 2027 annual meeting.
- Sadek is a Senior Partner at Parthenon Capital, an affiliate of one of REPAY's largest stockholders.
- Cooperation agreement includes customary standstill and confidentiality obligations until 30 days after Sadek's departure or after 2027 annual meeting.
- Sadek qualifies as independent under NASDAQ listing standards; will participate in non-employee director compensation.
- Agreement reflects shared commitment to driving improved performance and creating long-term stockholder value.