Clayton Main
The Board appointed Clayton Main as a director of the Company to fill the vacancy created by Mr. Priore’s resignation to be effective April 1, 2025.
Highest-materiality recent filing
Priority Technology Q1 2026: Revenue $249.6M (+11.1% YoY), net income $9.8M (+18%)
Revenue $249.6M, up 11.1% YoY (organic growth 9.1%); gross profit $93.5M, up 13.2%.
Audit Committee dismissed EY as independent auditor effective March 11, 2026.
Priority Tech Q4 revenue $247.1M (+8.8% YoY); adj. EPS $0.27 (+50%)
Revenue $247.1M, up 8.8% YoY with 6.8% organic growth; adjusted gross profit margin 40.6% (+360 bps).
Priority Tech Special Committee retains Barclays, Paul Weiss to evaluate CEO's take-private proposal
Special Committee retained Barclays as financial advisor and Paul Weiss as legal counsel to evaluate the Nov 9, 2025 take-private proposal from Chairman/CEO Thomas Priore.
CEO Thomas Priore proposes take-private at $6.00-$6.15/sh; special committee formed.
Special committee of independent directors formed to evaluate CEO's preliminary non-binding take-private proposal.
CEO-led group proposes to take Priority Technology private at $6.00-$6.15/share
Thomas Priore (Chairman & CEO) leads investor group proposing buyout of remaining shares for $6.00-$6.15 cash per share.
Priority Tech Q3 revenue $241.4M (+6.3% YoY); adj. EPS $0.28 (+56%)
Adjusted gross profit $94.8M (+10.2% YoY), margin 39.2% (+140 bps).
Acquired substantially all assets of DMSJV for $35M cash, 23,333 Class B units, plus up to $22.5M earnout.
Acquired Boom's payment processing assets for $73.5M cash, $12.8M in PRTH stock, plus up to $17M earnouts over 4 years.
Priority Tech Q2 revenue up 9.1% to $239.8M; raises FY guidance low end to $970M
Revenue $239.8M (+9.1% YoY); adj. gross profit $92.4M (+13%); adj. EPS $0.26 vs $0.11.
Priority Technology closes $1.1B new senior credit facilities; lowers interest rate by 100 bps
Closed $1.1B senior credit facilities: $1B term loan (7-yr maturity, 2032) and $100M revolver (5-yr).
Priority Tech announces new $1.07B senior credit facilities to refinance $935.5M debt
New facilities: $70M revolver (5-yr maturity) and $1.0B term loan (7-yr maturity).
Priority Technology Holdings 2025 annual meeting: all proposals approved
All six director nominees elected with >99% of votes cast each; 7.18M broker non-votes on each proposal.
Priority Tech Q1 2025 revenue $224.6M (+9.2% YoY); Adj. EBITDA $51.3M (+10.7%)
Revenue $224.6M (+9.2% YoY); operating income $32.6M (+16.4%).
Priority Technology Q4 revenue $227.1M (+13.9%); adjusted EPS $0.18 (up 800%)
Revenue $227.1M, +13.9% YoY; full-year $879.7M, +16.4%.
Priority Tech co-founder John V. Priore to retire from board Apr 1; Clayton Main appointed
John V. Priore to resign from board effective April 1, 2025; resignation not due to any disagreement with the Company.
Secondary offering of 9,070,643 shares of common stock priced at $7.75 per share; underwriters have 30-day option for up to 1,360,596 additional shares.
Priority Technology launches secondary offering of 9.16M shares; prelim Q4 rev $225-227M
Secondary offering of 9,157,600 shares by selling stockholders; 30-day option for 1,373,639 more.
Priority Technology Holdings redeems preferred stock with $115M term loan amendment
Amendment No. 1 to Credit Agreement with Truist Bank on Nov 21, 2024 provides $115M incremental term loans.
Priority Technology Q3 revenue +20% to $227M, adj. EBITDA +21.5% to $54.6M
Revenue of $227M for Q3 2024 increased 20.1% from $189M in Q3 2023.
Priority Tech Q2 revenue $219.9M (+20.6% YoY); adj EBITDA $51.6M (+25.4%)
Revenue $219.9M, up 20.6% YoY from $182.3M; adjusted gross profit $81.7M (+22.0%).
Priority Technology Holdings announces annual meeting results; all director nominees elected
All six director nominees elected: Thomas Priore, John Priore, Marc Crisafulli, Marietta Davis, Christina Favilla, Michael Passilla.
Priority Technology enters $905M credit facilities, redeems $170M preferred stock
$835M term loan and $70M revolver with Truist Bank as agent; total commitments $905M.
Priority Tech Q1 revenue $205.7M (+11.2%); adjusted EBITDA $46.3M (+23.1%)
Revenue of $205.7M, up 11.2% YoY from $185.0M.
Priority Technology Q1 2024 preliminary revenue $205.7M, up 11.2% YoY; adj. EBITDA +23.1%
Revenue $205.7M (+11.2% YoY); adjusted gross profit $76.4M (+21.2%), margin 37.2% (+310 bps).
Priority Tech Q4 2023 revenue $199.3M (+12.2% YoY); adj. EBITDA $44.6M (+12.2%)
Revenue of $199.3M in Q4 2023, up 12.2% YoY from $177.6M.
Priority Tech resolves derivative suit by unwinding 2020 exchange; pays $400K fees
Derivative suit alleged breach of fiduciary duties over 2020 exchange of preferred units for cash and 1,428,358 common shares.
The Board appointed Clayton Main as a director of the Company to fill the vacancy created by Mr. Priore’s resignation to be effective April 1, 2025.
On February 26, 2025, John V. Priore provided to the Board of Directors (the “Board”) notification of his resignation from the Board of Priority Technology Holdings, Inc. (the “Company”), effective April 1, 2025.
Max materiality 0.85 · Median 0.70 · Most common event earnings