secwatch.observer — SEC 8-K summary
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Issuer:     ALKAMI TECHNOLOGY, INC. (ALKT)
CIK:        0001529274
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001529274-23-000002
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkami amends CO-OP reseller agreement: reduced fees, extended term to Dec 2026
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- Sixth Amendment reduces per-transaction bill payment fees and moves from tiered to flat-rate pricing effective Jan 1, 2023.
- Minimum annual commitments set for 2023-2026 (amounts redacted); term extended from June 2025 to Dec 31, 2026.
- One-time license payment (redacted) for CO-OP Bill Pay platform; not a prepayment of ongoing fees.
- Amendment is with CO-OP, whose CEO Todd Clark is also an Alkami board member (related-party transaction).
- FIS Fusion Bill Pay integration into Alkami platform required within 6 months of general availability and 5 production clients.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529274/000152927423000002/0001529274-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529274/000152927423000002/alk-20221230.htm
  HTML page:      https://secwatch.observer/filing/0001529274-23-000002

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