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AI brief of an SEC Form 8-K · Repay Holdings Corp (RPAY)

Repay Holdings adds Parthenon Capital's Zachary Sadek to board under cooperation deal

Neutral Impact 4 of 5 leadership Written later

Repay Holdings agreed on July 13, 2026 to a cooperation agreement with PCP Managers II, L.P., an affiliate of one of its largest stockholders, and expanded its board from six to seven members. Zachary F. Sadek, a Senior Partner at Parthenon Capital Partners, was appointed to the board effective July 13, 2026, and the company agreed to nominate him for election at its 2027 annual meeting. The filing contains no financial results, so the change is a governance development rather than a measure of business performance.

Key points

  • Board size increased from six to seven members; Zachary F. Sadek appointed effective July 13, 2026.
  • Sadek's initial term expires at the 2027 annual meeting; the company agreed to nominate him for election there.
  • The agreement includes customary standstill and confidentiality terms that remain in effect until the earlier of 30 days after Sadek leaves the board or the first day after the 2027 annual meeting concludes.
  • The company says six of seven directors now qualify as independent under NASDAQ guidelines.

The filing

CompanyRepay Holdings Corp (RPAY)
Form8-K, current report
Filed with the SECJul 14, 2026, 4:05 PM ET
Accession number0001193125-26-303158

Items reported: 1.01 Material Definitive Agreement5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 14, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.