EVERTEC, Inc. Announces Board Changes and Officer Compensation

TL;DR

EVERTEC board shakeup: new directors in, one out, and officer pay changes announced.

AI Summary

On September 29, 2025, EVERTEC, Inc. reported the departure of director Carlos M. Garcia and the appointment of new directors, including Juan G. Rodriguez and Carlos M. Rodriguez. The company also announced a new compensatory arrangement for its officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Board changes and new compensation plans can introduce uncertainty regarding future strategic direction and executive incentives.

Key Players & Entities

• EVERTEC, Inc. (company) — Registrant
• Carlos M. Garcia (person) — Departing Director
• Juan G. Rodriguez (person) — Appointed Director
• Carlos M. Rodriguez (person) — Appointed Director
• September 29, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share EVTC New York Stock
• $500,000 — Castrillo will receive a base salary of $500,000, effective November 1, 2025, which amou
• $360,000 — uz-Jusino will receive a base salary of $360,000, effective November 1, 2025, which amou
• $463,500 — lianco will maintain his base salary of $463,500, which amount is subject to annual revi
• $787 million — te purchase price for the shares was BRL$787 million or approximately USD$148 million. Ite
• $148 million — was BRL$787 million or approximately USD$148 million. Item 9.01 Financial Statements and

Filing Documents

• evtc-20250929.htm (8-K) — 41KB
• 0001559865-25-000047.txt ( ) — 161KB
• evtc-20250929.xsd (EX-101.SCH) — 2KB
• evtc-20250929_lab.xml (EX-101.LAB) — 22KB
• evtc-20250929_pre.xml (EX-101.PRE) — 13KB
• evtc-20250929_htm.xml (XML) — 3KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Joaqun Castrillo as Senior Executive Vice President and Chief Operating Officer On September 29, 2025, Evertec, Inc. (the "Company") appointed Joaqun A. Castrillo as the Company's Senior Executive Vice President and Chief Operating Officer, effective November 1, 2025. Mr. Castrillo, age 43, has served as the Company's Executive Vice President, Chief Financial Officer and Treasurer, since October 2018. He has worked at the Company since 2012 serving in roles of increasing responsibility, including as Vice President and Finance Manager from 2015 to 2018, and as Vice President and Finance Director in 2018. Prior to joining the Company, Mr. Castrillo was an Audit Manager in the Banking and Capital Markets group of PricewaterhouseCoopers LLP. Mr. Castrillo holds a B.B.A. with a double concentration in Finance and Accounting from Villanova University. He is also a Certified Public Accountant and a member of the Villanova University Finance Department Advisory Committee. Mr. Castrillo will continue reporting to Morgan M. Schuessler, Jr., the Company's President and Chief Executive Officer. In connection to his appointment and promotion to Senior Executive Vice President and Chief Operating Officer, Mr. Castrillo will receive a base salary of $500,000, effective November 1, 2025, which amount is subject to annual review by the Company. Mr. Castrillo is eligible for annual cash incentive awards of up to 100% of his base salary under the Company's Annual Performance Incentive Guidelines. Additionally, Mr. Castrillo will continue to participate in the Company's long-term incentive program ("LTIP") at a level commensurate with his position and title, and subject to Board approval of any future LTIP grants, and will remain a party to the Evertec Group, LLC Executive Severance Policy (the "Severance Po

01

Item 8.01 Other Events. On October 1, 2025, Evertec Brasil Informtica S.A. ("Evertec BR"), a wholly-owned subsidiary of EVERTEC, Inc., completed the previously announced purchase of 75% of the share capital of Tecnobank Tecnologia Bancria S.A. ("Tecnobank"). Tecnobank is a leading fintech vendor in Brazil's digital vehicle financing contract registration sector. The aggregate purchase price for the shares was BRL$787 million or approximately USD$148 million.

Financial Statements and Exhibits

Financial Statements and Exhibits. Number Exhibit 104 Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EVERTEC, Inc. (Registrant) Date: October 2, 2025 By: /s/ Luis A. Rodriguez Luis A. Rodriguez EVP and Chief Legal and Administrative Officer

View Full Filing

View this 8-K filing on SEC EDGAR