Repay Holdings Corp. Announces 2024 Annual Meeting of Stockholders
Ticker: RPAY · Form: DEF 14A · Filed: Apr 19, 2024 · CIK: 1720592
| Field | Detail |
|---|---|
| Company | Repay Holdings Corp (RPAY) |
| Form Type | DEF 14A |
| Filed Date | Apr 19, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $2.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Virtual Meeting, Stockholder, Share Repurchase
TL;DR
<b>Repay Holdings Corporation will hold its virtual Annual Meeting of Stockholders on May 30, 2024, with advance registration required.</b>
AI Summary
Repay Holdings Corp (RPAY) filed a Proxy Statement (DEF 14A) with the SEC on April 19, 2024. Annual Meeting of Stockholders to be held virtually on May 30, 2024, at 10:00 a.m. ET. Stockholders must register in advance at www.viewproxy.com/Repay/2024 to attend. Questions can be submitted in advance via email to virtualmeeting@viewproxy.com or by phone at 1-866-612-8937. In 2023, Repay Holdings Corp. executed strategic initiatives to streamline the organization and enhance payment technology. The company utilized its share repurchase program to buy back $2.5 million of Class A shares in 2023.
Why It Matters
For investors and stakeholders tracking Repay Holdings Corp, this filing contains several important signals. The virtual format allows for broader participation and submission of questions and votes online. The company highlights strategic execution and capital allocation, including share repurchases, as key to creating stockholder value.
Risk Assessment
Risk Level: low — Repay Holdings Corp shows low risk based on this filing. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance and meeting procedures without immediate financial or operational concerns.
Analyst Insight
Stockholders should review the proxy materials to understand the agenda for the Annual Meeting and exercise their voting rights.
Key Numbers
- 2024-05-30 — Annual Meeting Date (Date of the Annual Meeting of Stockholders)
- 10:00 — Meeting Time (Start time of the Annual Meeting)
- 2023 — Fiscal Year (Year for business highlights)
- $2.5 million — Share Repurchases (Amount of Class A shares repurchased in 2023)
Key Players & Entities
- Repay Holdings Corporation (company) — Registrant
- May 30, 2024 (date) — Annual Meeting date
- 10:00 a.m. (time) — Annual Meeting start time
- Eastern Time (time) — Annual Meeting time zone
- www.viewproxy.com/Repay/2024 (url) — Registration link for Annual Meeting
- virtualmeeting@viewproxy.com (email) — Email for meeting questions
- 1-866-612-8937 (phone) — Phone number for meeting questions
- $2.5 million (dollar_amount) — Amount of Class A shares repurchased in 2023
FAQ
When did Repay Holdings Corp file this DEF 14A?
Repay Holdings Corp filed this Proxy Statement (DEF 14A) with the SEC on April 19, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Repay Holdings Corp (RPAY).
Where can I read the original DEF 14A filing from Repay Holdings Corp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Repay Holdings Corp.
What are the key takeaways from Repay Holdings Corp's DEF 14A?
Repay Holdings Corp filed this DEF 14A on April 19, 2024. Key takeaways: Annual Meeting of Stockholders to be held virtually on May 30, 2024, at 10:00 a.m. ET.. Stockholders must register in advance at www.viewproxy.com/Repay/2024 to attend.. Questions can be submitted in advance via email to virtualmeeting@viewproxy.com or by phone at 1-866-612-8937..
Is Repay Holdings Corp a risky investment based on this filing?
Based on this DEF 14A, Repay Holdings Corp presents a relatively low-risk profile. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance and meeting procedures without immediate financial or operational concerns.
What should investors do after reading Repay Holdings Corp's DEF 14A?
Stockholders should review the proxy materials to understand the agenda for the Annual Meeting and exercise their voting rights. The overall sentiment from this filing is neutral.
How does Repay Holdings Corp compare to its industry peers?
Repay Holdings Corporation operates in the business services sector, focusing on payment technology and processing.
Are there regulatory concerns for Repay Holdings Corp?
The filing is a DEF 14A, a standard proxy statement required by the SEC for annual meetings of stockholders under the Securities Exchange Act of 1934.
Risk Factors
- Divestiture of Blue Cow Software, Inc. [medium — operational]: The company lapped the divestiture of Blue Cow Software, Inc. on February 15, 2023, impacting 2023 performance metrics.
Industry Context
Repay Holdings Corporation operates in the business services sector, focusing on payment technology and processing.
Regulatory Implications
The filing is a DEF 14A, a standard proxy statement required by the SEC for annual meetings of stockholders under the Securities Exchange Act of 1934.
What Investors Should Do
- Register in advance for the virtual Annual Meeting at www.viewproxy.com/Repay/2024.
- Submit any questions related to the meeting in advance via email or phone.
- Review the proxy statement for details on matters to be voted upon at the Annual Meeting.
Key Dates
- 2024-05-30: Annual Meeting of Stockholders — Key date for stockholder participation and voting.
- 2024-04-19: Filing Date — Date the DEF 14A filing was submitted to the SEC.
Year-Over-Year Comparison
This filing is a DEF 14A for the 2024 Annual Meeting, following the company's 2023 business highlights and strategic initiatives.
Filing Stats: 4,770 words · 19 min read · ~16 pages · Grade level 12.7 · Accepted 2024-04-19 16:04:55
Key Financial Figures
- $2.5 million — our share repurchase program to buyback $2.5 million of Class A shares during the year. We a
Filing Documents
- tm242844d2_def14a.htm (DEF 14A) — 1925KB
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- 0001104659-24-049427.txt ( ) — 6516KB
- rpay-20231231.xsd (EX-101.SCH) — 8KB
- rpay-20231231_def.xml (EX-101.DEF) — 7KB
- rpay-20231231_lab.xml (EX-101.LAB) — 25KB
- rpay-20231231_pre.xml (EX-101.PRE) — 6KB
- tm242844d2_def14a_htm.xml (XML) — 262KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 44 Summary Executive Compensation Table 44 Grants of Plan-Based Awards Table 45 Narrative Disclosure to Summary Executive Compensation Table and Grants of Plan-Based Awards Table 46 Outstanding Equity Awards at Fiscal Year-End 46 Option Exercises and Stock Vested Table 48 Potential Payments Upon Termination or Change-In-Control 48 Pay Ratio Disclosure 51 Pay Versus Performance 51 DIRECTOR COMPENSATION 57 2023 Director Compensation Table 57 Narrative Disclosure to Director Compensation Table 57 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 59 COMPENSATION COMMITTEE REPORT 60
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 61 DELINQUENT SECTION 16(a) REPORTS 66 RELATED PARTY TRANSACTIONS 67 AUDITOR FEES 71 PROPOSAL TWO: ADVISORY VOTE ON EXECUTIVE COMPENSATION 72 PROPOSAL THREE: APPROVAL OF THE AMENDMENT AND RESTATEMENT OF THE COMPANY'S OMNIBUS INCENTIVE PLAN 73 PROPOSAL FOUR: RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 83 STOCKHOLDER PROPOSALS 84 ANNEX A REPAY HOLDINGS CORPORATION SECOND AMENDED AND RESTATED OMNIBUS INCENTIVE PLAN A-1 ANNEX B NON-GAAP RECONCILIATION B-1 i TABLE OF CONTENTS REPAY HOLDINGS CORPORATION 3 West Paces Ferry Road, Suite 200 Atlanta, Georgia 30305 (404) 504-7472 PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON THURSDAY, MAY 30, 2024 GENERAL INFORMATION Introduction We are furnishing this Proxy Statement on behalf of the Board of Directors of Repay Holdings Corporation, a Delaware corporation, for use at our 2024 Annual Meeting of Stockholders, or at any adjournment or postponement of the meeting (the "Annual Meeting"), for the purposes set forth below and in the accompanying Notice of Annual Meeting of Stockholders. The Annual Meeting will be held virtually, at 10:00 a.m., Eastern Time, on Thursday, May 30, 2024. The meeting can be accessed through the link provided using the password you receive following registration, where you will be able to listen to the meeting live, submit questions and vote online. If you plan to attend the virtual Annual Meeting, please see "General Information—Attendance at the Virtual Annual Meeting." You will be required to register in advance at www.viewproxy.com/Repay/2024 prior to the deadline of May 28, 2024 at 11:59 p.m., Eastern Time in order to attend the meeting. There will be no physical location for stockholders to attend. Stockholders only may participate by logging in through the link provided using the password you receive following registration. Repay Ho