Management ChangeOct 8, 2026, 04:36 PM
Payoneer Director Resigns; CLO to Receive $5.25M Retention Award
AI Summary
Payoneer Global Inc. announced the resignation of director Barak Eilam, effective October 5, 2026. His departure reduces the Board size to seven members. Additionally, the Compensation Committee approved a $5,250,000 cash retention award for Chief Legal and Governance Officer Tsafi Goldman, to be granted in February 2027 and vesting in two installments post-merger closing, with provisions for accelerated vesting.
Key Highlights
- Barak Eilam resigned as a director of Payoneer Global Inc. and its Audit and Risk Committees.
- The number of directors on Payoneer's Board will be fixed at seven following Eilam's resignation.
- Tsafi Goldman, Chief Legal and Governance Officer, will receive a $5,250,000 cash retention award in February 2027.
- The retention award vests in two installments: upon closing of the merger and one year after closing.
- Vesting is subject to continued employment, with accelerated vesting upon termination without cause or resignation for good reason.
Price Impact
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