secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001683168-26-003617
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

AppTech Payments designates Albert L. Lord as Executive Chairman, formalizes CEO/COO employment
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- Albert L. Lord designated Executive Chairman effective May 4, 2026; steps down from Compensation Committee, no longer independent.
- CEO Thomas DeRosa employment formalized with $384,000 base salary plus discretionary bonus and equity/benefit plan eligibility.
- COO Anthony Shall employment formalized with $240,000 base salary plus discretionary bonus and equity/benefit plan eligibility.
- Both executives already serving; arrangements ratify terms of continuing employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000168316826003617/0001683168-26-003617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000168316826003617/apptech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-003617

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