FlexShopper director Denis Echtchenko resigns, Steven Varner appointed to board

FlexShopper, Inc.

On July 27, 2025, Denis Echtchenko resigned from FlexShopper's board, effective upon designation of a successor by B2 FIE V LLC.
Steven Varner, founder of SG Varner Advisors and former managing director at Alvarez & Marsal, was appointed as B2 FIE's board representative.
Echtchenko's resignation letter cited ongoing internal matters related to the company's financials and borrowing from lenders.
FlexShopper stated it disagrees with Echtchenko's assessments and characterizations in his resignation letter.
With Varner's addition, the board size remains at five members.

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