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).
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 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%.
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 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 Q3 revenue $189.0M (+13.6% YoY); adj. EBITDA $45.0M (+28.2%)
Revenue $189.0M vs $166.4M in Q3 2022, up 13.6%.
Priority Tech Q2 revenue $182.3M (+9.6% YoY); Adjusted EBITDA $41.1M (+21.2%)
Revenue $182.3M, up 9.6% YoY; adjusted gross profit $67.0M, up 20.3%.
Priority Technology completes acquisition of Plastiq assets for $27.5M cash plus earnout
Closed acquisition of Plastiq Inc. assets after Bankruptcy Court approval on July 27, 2023.
Priority Technology stalking horse to acquire Plastiq assets for $27.5M cash via Chapter 11
Total cash consideration of $27.5M plus assumption of certain liabilities and payments to Blue Torch and Colonnade.
Priority Tech Q1 revenue $185M (+20.8% YoY); Adj. EBITDA $37.6M (+24.1%)
Revenue $185.0M, up 20.8% YoY from $153.2M.
Priority Tech Q4 revenue up 23% to $177.6M; adj EBITDA up 21% to $39.8M
Q4 revenue $177.6M (+23.3% YoY); full-year revenue $663.6M (+28.9%).
Priority Technology Q3 revenue $166.4M (+25.6% YoY); Adj. EBITDA $35.1M (+48.7%)
Revenue of $166.4M increased 25.6% YoY; operating income of $14.1M up 69.9%.
Priority Technology appoints Tim O'Leary as CFO; Mike Vollkommer retires Sep 16
Tim O'Leary appointed CFO effective Sep 19, 2022; replaces Mike Vollkommer who retires Sep 16 and stays as consultant.
Priority Technology Q2 revenue up 33% to $166.4M, Adj EBITDA $33.9M up 61%
Revenue $166.4M (+33.1% YoY); gross profit $55.7M (+58.2%); gross margin 33.5% (+540 bps).
Priority Technology CFO Michael Vollkommer to retire Sept. 1, 2022; search underway
CFO Michael Vollkommer will retire effective September 1, 2022.
Priority Technology Q1 revenue up 35% to $153.2M; Adjusted EBITDA +68%
Revenue of $153.2M, up 35.2% YoY from $113.3M, driven by all segments.
Priority Tech Q4 revenue up 35.7% to $144M, adj EBITDA up 80.8% to $32.9M
Q4 2021 revenue $144.0M (+35.7% YoY); gross profit $48.7M (+49.8%); margin 33.8% (+320 bps).
Priority Tech files Finxera financials; net income fell 53% to $11.1M in 2020
Finxera 2020 revenue $71.5M (+5.3% YoY); net income $11.1M vs $23.8M in 2019.
Priority Tech Q3 revenue $132.5M (+21.6% YoY); Adj EBITDA $23.6M (+20%); acquires Finxera
Revenue $132.5M, up 21.6% YoY; operating income $8.3M (+17.2%).
Priority Technology completes acquisition of Finxera; pro forma 2021 revenue $547-570M
Total consideration of ~$375M cash and ~7.6M shares of Priority common stock.
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.
On November 10, 2022, the Board of Directors (the “Board”) of Priority Technology Holdings, Inc. (the “Company” or “Priority”) appointed Marc Crisafulli as a Board member until the Company’s next annual meeting of shareholders.
Michael Vollkommer, current CFO, will retire on September 16, 2022.
On September 7, 2022, Priority Technology Holdings, Inc. (the “Company” or “Priority”) issued a press release announcing the appointment of Tim O’Leary as Chief Financial Officer (“CFO”).
On May 13, 2022, Priority Technology Holdings, Inc. (the “Company” or “Priority”) announced that Michael Vollkommer will be retiring from his position as Chief Financial Officer (“CFO”) effective September 1, 2022.
Mr. Kumar replaces Pamela Tefft, Senior Vice President and Chief Accounting Officer. Ms. Tefft will assume the role of Senior Vice President of Finance Senior Vice President
Effective September 27, 2021, Rajiv Kumar has been appointed Senior Vice President and Chief Accounting Officer of Priority Technology Holdings, Inc.
Max materiality 0.85 · Median 0.65 · Most common event earnings