Paysign, Inc. Announces Annual Meeting of Stockholders on May 3, 2024

TL;DR

<b>Paysign, Inc. is holding its annual stockholder meeting on May 3, 2024, to elect directors and ratify auditors.</b>

AI Summary

Paysign, Inc. (PAYS) filed a Proxy Statement (DEF 14A) with the SEC on March 29, 2024. Paysign, Inc. will hold its annual meeting of stockholders on May 3, 2024, at 4:00 p.m. PDT. The meeting will take place at M Resort Spa Casino, 12300 Las Vegas Blvd. S, Henderson, Nevada 89044. Key agenda items include the election of seven director nominees and the ratification of Moss Adams LLP as the independent registered public accounting firm for fiscal year 2024. Stockholders are encouraged to vote via internet, telephone, or mail if printed materials were requested. The proxy statement provides details on director responsibilities, executive compensation, and security ownership.

Why It Matters

For investors and stakeholders tracking Paysign, Inc., this filing contains several important signals. The election of directors and ratification of auditors are critical governance functions that directly impact the company's strategic direction and financial oversight. Stockholder participation through voting is essential for ensuring proper corporate governance and reflecting the will of the ownership.

Risk Assessment

Risk Level: — Paysign, Inc. shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational news, indicating a low level of immediate risk.

Analyst Insight

Stockholders should review the proxy statement to make informed voting decisions on director nominees and auditor ratification.

Key Numbers

• 7 — Director Nominees (Number of nominees to be elected as directors.)
• 2024 — Fiscal Year End (Fiscal year for which Moss Adams LLP is proposed as auditor.)

Key Players & Entities

• Paysign, Inc. (company) — Registrant and filer of the proxy statement.
• May 3, 2024 (date) — Date of the annual meeting of stockholders.
• Moss Adams LLP (company) — Proposed independent registered public accounting firm.
• Robert Strobo, Esq. (person) — General Counsel, Chief Legal Officer and Secretary of Paysign, Inc.
• Henderson, Nevada (location) — Location of Paysign, Inc.'s business and mailing address.

FAQ

Industry Context

Paysign, Inc. operates in the business services sector, providing payment solutions.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Rule 14a-101, concerning proxy statements.

What Investors Should Do

1. Review the proxy statement for details on director nominees and their qualifications.
2. Understand the proposal to ratify Moss Adams LLP as the independent auditor for FY2024.
3. Vote your shares by the specified deadline to ensure your participation in corporate governance.

Key Dates

• 2024-05-03: Annual Meeting of Stockholders — Election of directors and ratification of auditors.
• 2024-03-29: Filing Date — Date the Definitive Proxy Statement was filed.

Year-Over-Year Comparison

This is the initial filing for the 2024 annual meeting proxy statement.

Key Financial Figures

• $1.2 billion — ximately 50 acquisitions (ranging up to $1.2 billion) in the United States and overseas, pri
• $2.6 billion — argest HSA custodian in the nation with $2.6 billion in assets and accounts exceeding 1.25 m

Filing Documents

• paysign_def14a.htm (DEF 14A) — 237KB
• 0001683168-24-001867.txt (&nbsp;) — 238KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 19 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 2023 22

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 23 DELINQUENT SECTION 16(a) REPORTS 24 TRANSACTIONS WITH RELATED PERSONS 24 VOTING PROCEDURES 25 HOUSEHOLDING OF PROXY MATERIALS 25 OTHER MATTERS 25 i PAYSIGN, INC. 2615 St. Rose Parkway Henderson, Nevada 89052 PROXY STATEMENT FOR 2024 ANNUAL MEETING OF STOCKHOLDERS To Be Held on May 3, 2024 This proxy statement contains information about the 2024 annual meeting of stockholders (&ldquo;2024 Annual Meeting&rdquo;) of Paysign, Inc. (referred to in this proxy statement as &ldquo;Paysign,&rdquo; &ldquo;the Company,&rdquo; &ldquo;we,&rdquo; &ldquo;our&rdquo; or &ldquo;us&rdquo;). The meeting will be held on Friday, May 3, 2024, beginning at 4:00 p.m. local time, at M Resort Spa Casino, at 12300 Las Vegas Blvd. S, Henderson, Nevada 89044. This proxy statement is furnished in connection with the solicitation of proxies by our Board of Directors for use at the 2024 Annual Meeting and at any adjournment of that meeting. All proxies will be voted in accordance with the instructions they contain. If you do not specify your voting instructions on your proxy, it will be voted in accordance with the recommendations of our Board of Directors. These proxy materials, together with our annual report to stockholders for our 2023 fiscal year, are first being made available to Paysign, Inc. stockholders online on March 29, 2024, at www.iproxydirect.com/PAYS and at www.paysign.com . The Notice of Internet Availability of Proxy Materials is first being mailed to certain stockholders on or about April 5, 2024. For ease of voting, stockholders are encouraged to vote using the Internet. We encourage you to access and review all of the important information in the proxy materials before voting. QUESTIONS AND ANSWERS ABOUT THE 2024 ANNUAL MEETING AND VOTING Why did I receive a notice regarding the availability of proxy materials on the internet? Pursuant to rules adopted by the Securities and

View Full Filing

View this DEF 14A filing on SEC EDGAR