Morgan M. (Mac) Schuessler, Jr.
On February 20, 2025, the Board of Directors (the “Board”) of Deluxe Corporation (the “Company”) unanimously elected Morgan M. (Mac) Schuessler, Jr. to the Board, effective February 21, 2025.
Highest-materiality recent filing
Deluxe to acquire Celero Commerce for $625M cash; expects Q3 2026 close
All-cash deal for $625M plus seller expenses; financed via $375M Term Loan A and revolver draw.
Deluxe Q1 net income $35.8M; adj. EPS $1.05 (+45.8%); updates 2026 outlook after Safeguard sale
GAAP diluted EPS $0.77 vs $0.31 in Q1 2025; adjusted diluted EPS $1.05 vs $0.72.
All nine director nominees elected with at least 32.1M votes for; Angela L. Brown received 33.5M for.
Director Cheryl E. Mayberry McKissack will not stand for re-election at Deluxe 2026 Annual Meeting
Notified board on March 4, 2026 of decision not to stand for re-election.
Deluxe sells Safeguard business for $25M; expected close Q1 2026
Aggregate purchase price ~$25M; $12M at closing, balance in three annual installments.
Deluxe Q4 adjusted EPS rises 6% to $0.89; FY25 adjusted EPS up 10.7% to $3.61; FY26 outlook provided
Full year revenue $2.133B (+0.5% reported, +1.1% adj.); net income $82.2M, up 55.4% from $52.9M in 2024.
Deluxe FY2025 revenue +0.5%, net income $85.3M, adj. EPS $3.67, guides 2026 $3.90-4.30
Full-year revenue $2.133B (+0.5% reported, +1.1% comparable); Q4 revenue $535.3M (+2.8%).
Deluxe increases receivables facility to $100M, extends to Dec 2028
Facility limit increased to $100,000,000; Required Capital Amount raised to $17,500,000.
Deluxe Q3 revenue up 2.2%, adjusted EPS up 29.8% to $1.09, raises FY adj EPS guidance
Revenue $540.2M (+2.2%); comparable adjusted revenue +2.5% to $540.2M.
Deluxe Corporation appoints Michelle T. Collins to Compensation and Talent Committee
On October 29, 2025, the Board appointed Michelle T. Collins to the Compensation and Talent Committee.
Deluxe elects Michelle T. Collins, retired Deloitte partner, to board of directors
Michelle T. Collins elected to Board effective August 20, 2025; will stand for re-election at 2026 Annual Meeting.
Deluxe acquires CheckMatch from JPMorgan for $25M to expand digital lockbox network
Acquired CheckMatch from Kinexys by J.P. Morgan for $25M ($12.5M paid at close, $12.5M due in 180 days).
Deluxe Q2 revenue down 3.1% to $521.3M but net income up 9.3%; raises FY free cash flow outlook
GAAP EPS $0.50 vs $0.46 YoY; adjusted diluted EPS up 3.5% to $0.88.
Deluxe Q1 revenue $536.5M (+0.3%), GAAP EPS $0.31, adjusted EPS $0.75; reaffirms FY2025 outlook
Net income $14.0M (up 29.6% YoY); GAAP diluted EPS $0.31 vs $0.24.
All 9 director nominees elected, say-on-pay and stock plan amendment approved at annual meeting
9 directors elected; each received >96% of votes cast (range 95.0%–99.3%).
Deluxe elects Evertec CEO Morgan Schuessler to board of directors
Morgan M. "Mac" Schuessler elected to Deluxe Board effective February 21, 2025.
Deluxe Reports Q4 and Full Year 2024 Results; Provides 2025 Outlook
Full year revenue decreased 3.2% to $2,121.8M; comparable adjusted revenue down 1.2%.
Deluxe elects former Truist COO Hugh Cummins to board; two directors not seeking re-election
Hugh S. "Beau" Cummins III elected to Deluxe board effective February 21, 2025.
Deluxe closes $450M senior secured notes at 8.125% and new $900M credit facilities
Closed $450M senior secured notes offering due 2029, interest 8.125% per annum.
Deluxe prices $450M senior secured notes at 8.125%, upsized from $400M
Offering upsized to $450M from $400M; closing expected December 3, 2024.
Deluxe announces $400M senior secured notes offering to refinance existing debt
Offering $400M aggregate principal amount of senior secured notes due 2029 in private placement.
Deluxe Q3 net income $8.9M vs loss; adjusted EPS up 12% to $0.84; narrows FY guidance
Revenue $528.4M (-1.7% YoY); comparable adjusted revenue -0.7%.
Deluxe appoints new Chief Accounting Officer; CFO serves as interim
Llewellyn Kelly Moyer joined Oct 14 as VP, Chief Accounting Officer.
Deluxe Corp Principal Accounting Officer Chad Kurth resigns, effective Sept 10, 2024
Chad P. Kurth, Principal Accounting Officer, notified Deluxe Corp of his resignation on Aug 14, 2024.
Deluxe elects Angela L. Brown to board, former CEO of Moneris Solutions
Angela L. Brown elected to Deluxe Board effective August 13, 2024, term through 2025 annual meeting.
Deluxe Q2 revenue down 5.9% but net income up 25%; reaffirms FY guidance
GAAP diluted EPS $0.46, up 24.3% YoY; comparable adjusted diluted EPS $0.85, up 4.9%.
Deluxe realigns segments into Merchant Services, B2B Payments, Data Solutions, Print
New segment structure effective Q1 2024: Merchant Services ($364M rev in 2023), B2B Payments ($299M), Data Solutions ($212M), Print ($1.26B).
Deluxe Q1 adj. EPS up 4.3% to $0.72; raises FY free cash flow guidance
Reported revenue $535M (-1.9% YoY); comparable adjusted revenue up 1.2% to $529M.
All eight director nominees elected, say-on-pay and auditor ratified at Deluxe annual meeting
86.4% of shares represented (38.0M of 44.0M outstanding).
Deluxe enters $80M receivables financing facility with MUFG; $43.3M drawn at close
Facility of up to $80M via Deluxe Receivables LLC, wholly-owned subsidiary of Deluxe Corporation.
Deluxe reports Q4 revenue $537.4M (-4.7% YoY); reaffirms 2024 guidance
Full-year 2023 revenue $2,192.3M (-2.0%); comparable adjusted revenue +0.3%.
Deluxe B2B President Michael Reed to depart; Special Advisor until March 29, 2024
Reed (SVP, President B2B) transitions to Special Advisor to CEO effective Jan 10, 2024; separation March 29.
Segment realignment to four segments (Merchant Services, B2B Payments, Data Solutions, Print) effective Q1 2024.
Deluxe Q3 net loss $8M; raises FY2023 adjusted EBITDA and EPS guidance
Net loss $8.0M ($0.18 diluted EPS) vs net income $14.7M a year ago; adjusted diluted EPS $0.79.
Deluxe board sets annual say-on-pay votes through 2029
Advisory vote on executive compensation frequency approved one year by shareholders on April 26, 2023.
Deluxe Q2 revenue up 1.5% to $571.7M, raises FY 2023 guidance
GAAP EPS $0.37, adjusted EPS $0.93 vs $0.99 YoY; net income $16.4M down from $22.1M.
Deluxe closes sale of web hosting business at reduced price of $35.95M
Original purchase price of $42M reduced by $6.05M deferred payment; final price $35.95M.
Deluxe extends outside date for web hosting sale to HostPapa to June 30, 2023
Third amendment to Stock and Asset Purchase Agreement extends outside date to June 30, 2023 from June 15, 2023.
Deluxe extends outside date for web hosting sale to HostPapa to June 15, 2023
Second amendment to Stock and Asset Purchase Agreement extends outside date from May 31 to June 15, 2023.
Deluxe Q1 GAAP EPS $0.06, adjusted EPS $0.80; revenue $545.4M, down 1.9%; affirms FY 2023 guidance
GAAP net income $2.8M vs $9.7M prior year; GAAP diluted EPS $0.06 vs $0.22.
Deluxe shareholders approve 950K additional shares for 2022 stock incentive plan
Shareholders approved Amendment No. 1 adding 950,000 shares to the 2022 Stock Incentive Plan (30.2M for, 5.4M against).
Deluxe extends outside date for web hosting sale to May 31, 2023
Amendment to Stock and Asset Purchase Agreement with HostPapa, Inc. extends closing deadline from March 31 to May 31, 2023.
Deluxe Corporation amends bylaws to adopt universal proxy rules
Board approved Amended and Restated Bylaws on Feb 16, 2023, effective immediately.
Deluxe Q4 adjusted EPS $1.04, revenue $564M; 2023 revenue guidance $2.145-2.210B
Full-year 2022 revenue $2,238M, up 10.7% YoY; net income $65.5M, up 4.3%.
Deluxe sells web hosting & logo design ops to HostPapa for $42M
Aggregate base purchase price of $42M, with $31.4M at close and deferred payments.
Deluxe Corp SVP & CRO Thomas transitions to Special Advisor, to depart on April 28, 2023
Christopher L. Thomas steps down as CRO, becomes Special Advisor to CEO effective Jan 6, 2023; separation from company on April 28, 2023.
Deluxe Q3 revenue $555M (+4.3% YoY); net income up 17.6%; reaffirms FY22 guidance
Revenue $555.0M (+4.3% YoY); net income $14.7M vs $12.5M; diluted EPS $0.34 vs $0.28.
Deluxe appoints Chip Zint as CFO, Scott Bomar departs; reaffirms FY 2022 guidance
Chip Zint named SVP & CFO effective October 17, 2022; previously VP of Finance since 2020.
Deluxe Q2 revenue up 17.7% to $563M; adjusts FY22 EBITDA margin guidance to 18.5%-19.0%
Revenue $563.0M (+17.7% YoY); organic growth 6.6% excluding First American acquisition and exits.
Deluxe Corp subsidiaries settle FTC investigation; $4.9M payment expected to be indemnified
First American Payment Systems, Eliot Management Group, and Think Point Financial entered consent order with FTC, neither admitting nor denying allegations.
On February 20, 2025, the Board of Directors (the “Board”) of Deluxe Corporation (the “Company”) unanimously elected Morgan M. (Mac) Schuessler, Jr. to the Board, effective February 21, 2025.
each of William C. Cobb and Martyn R. Redgrave notified the Board on January 22, 2025 that each of them has decided not to stand for re-election at the Company’s 2025 Annual Meeting of Shareholders.
each of William C. Cobb and Martyn R. Redgrave notified the Board on January 22, 2025 that each of them has decided not to stand for re-election at the Company’s 2025 Annual Meeting of Shareholders.
On October 14, 2024, Llewellyn Kelly Moyer joined Deluxe Corporation (the “Company”) as Vice President, Chief Accounting Officer.
The board further appointed William C. Zint, the Company’s SVP, Chief Financial Officer, as the Company’s Principal Accounting Officer for the interim period through the Filing Date.
On August 14, 2024, Chad P. Kurth, Deluxe Corporation’s (the “Company”) Principal Accounting Officer, notified the Company of his resignation, effective September 10, 2024.
On August 13, 2024, the Board of Directors (the “Board”) of Deluxe Corporation (the “Company”) unanimously elected Angela L. Brown to the Board to serve for a term ending at the 2025 Annual Meeting of the Shareholders.
Mr. Reed will serve as Special Advisor during a transition period until Mr. Reed’s separation from the Company on March 29, 2024, subject to extension by the Company (the “Separation Date”).
Effective January 10, 2024, Michael Reed, Senior Vice President, President, B2B of Deluxe Corporation (the “Company”), transitioned into the role of Special Advisor to the Company’s Chief Executive Officer.
Mr. Thomas will serve as Special Advisor during a transition period until Mr. Thomas’ separation from the Company on April 28, 2023.
On January 2, 2023, Christopher L. Thomas, Senior Vice President, Chief Revenue Officer (“CRO”) of Deluxe Corporation (the “Company”), entered into a Separation Agreement with the Company providing for the transition out of the role of CRO and into the role of a Special Advisor to the Company’s Chief Executive Officer, effective January 6, 2023.
On October 7, 2022, Deluxe Corporation (the “Company”) announced the appointment of Chip Zint as Senior Vice President, Chief Financial Officer of the Company, effective October 17, 2022.
Max materiality 0.90 · Median 0.60 · Most common event earnings