Paysign Reports Officer/Director Changes, Compensation Arrangements
Ticker: PAYS · Form: 8-K · Filed: Jan 29, 2024 · CIK: 1496443
| Field | Detail |
|---|---|
| Company | Paysign, Inc. (PAYS) |
| Form Type | 8-K |
| Filed Date | Jan 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Paysign filed an 8-K about executive changes and compensation, signaling potential shifts in company leadership and strategy.**
AI Summary
Paysign, Inc. filed an 8-K on January 29, 2024, reporting an event that occurred on January 24, 2024. This filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.' While the specific details of these changes are not provided in this excerpt, such events can signal shifts in leadership or executive compensation, which are important for investors to monitor as they can impact the company's strategic direction and financial health. Investors should look for further details on who departed or was appointed and the nature of any new compensation arrangements.
Why It Matters
Changes in leadership or executive compensation can significantly influence a company's future performance and strategic direction, directly impacting shareholder value.
Risk Assessment
Risk Level: medium — Without specific details on the personnel changes or compensation, the impact on the company's stability and future performance is uncertain, posing a medium risk.
Analyst Insight
A smart investor would monitor Paysign, Inc.'s subsequent filings and press releases for specific details on the executive and director changes, as well as any new compensation agreements, to assess their potential impact on the company's strategy and financial outlook.
Key Players & Entities
- Paysign, Inc. (company) — the registrant filing the 8-K
- January 24, 2024 (date) — date of the earliest event reported
- January 29, 2024 (date) — date the 8-K was filed
- 001-38623 (other) — Commission file number
- Nevada (other) — State of incorporation for Paysign, Inc.
Forward-Looking Statements
- Further details regarding the specific personnel changes and compensation arrangements will be disclosed in subsequent filings or company announcements. (Paysign, Inc.) — high confidence, target: Q1 2024
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 24, 2024.
What specific items are covered under Item 5.02 of this 8-K filing?
Item 5.02 covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers'.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on January 29, 2024.
What is the trading symbol and exchange for Paysign, Inc.'s Common Stock?
Paysign, Inc.'s Common Stock trades under the symbol PAYS on The Nasdaq Stock Market LLC.
What is the business address of Paysign, Inc.?
The business address of Paysign, Inc. is 2615 St. Rose Parkway, Henderson, Nevada 89052.
Filing Stats: 634 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-01-26 18:26:30
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share PAYS The Nasdaq S
Filing Documents
- paysign_8k.htm (8-K) — 25KB
- 0001683168-24-000505.txt ( ) — 194KB
- pays-20240124.xsd (EX-101.SCH) — 3KB
- pays-20240124_lab.xml (EX-101.LAB) — 33KB
- pays-20240124_pre.xml (EX-101.PRE) — 22KB
- paysign_8k_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Change of Chief Operating Officer and President Effective as of January 24, 2024, Paysign, Inc. (the "Company") appointed Cosimo Cambi as Chief Operating Officer of the Company, succeeding Mr. Matt Lanford, who was appointed as Chief Payments Officer effective as of the same date. Also, effective as of January 24, 2024, the Company re-appointed Mr. Mark Newcomer as President, succeeding Mr. Lanford and thereby allowing Mr. Lanford to focus his expertise and deep experience on developing and leading the Company's new Product and Project Management Office. Mr. Cambi joined Paysign in 2021 as the Director of Data Science, bringing a wealth of operational and analytics experience. In 2022, he was promoted to Vice President of Operations. Prior to joining Paysign, Mr. Cambi worked at Mercalis, Inc. (formerly TrialCard Incorporated) for nine years (2012-2021), gaining invaluable experience in the patient affordability space. Starting as a Project Manager, he progressed through roles such as Service Operations Manager and Director of Service Operations. In these capacities, Mr. Cambi not only managed diverse programs but also orchestrated seamless coordination within the Service Operations Group, contributing significantly to operational scalability. His pivotal role in implementing innovative business processes and standardizing workflows fueled the successful scaling of operations. Before entering the corporate sector, Mr. Cambi served as an Officer in the United States Coast Guard as a Deck Watch Officer and Boarding Officer on the US Coast Guard Cutter Sherman, and an Admissions Officer at the United States Coast Guard Academy. Mr. Cambi holds a Bachelor of Science in Operations Research and Computer Analysis from the Coast Guard Academy, New London, CT and a Master of Professional Studies in Analytics from No
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PAYSIGN, INC. Date: January 25, 2024 By: /s/ Mark Newcomer Mark Newcomer, Chief Executive Officer 3