Corporate GovernanceApr 30, 2026, 04:21 PM
RPAY CEO Pay Cut $1M for 2026; 2025 Incentives Below Target
AI Summary
Repay Holdings Corp filed an amendment to its 10-K, detailing executive compensation and corporate governance. The company announced a $1 million reduction in CEO John Morris's 2026 target long-term equity incentive, a 15% decrease, following stockholder feedback and stock price underperformance. For 2025, executive annual incentive payouts averaged 77% of target, and 2023-2025 performance-based equity awards paid out at 0% due to below-threshold relative TSR. The company reported a 1% revenue decrease in 2025, with normalized revenue growth of 3%.
Key Highlights
- CEO John Morris's 2026 target long-term equity incentive reduced by $1,000,000 (15%).
- 2025 annual incentive payouts for NEOs averaged approximately 77% of target.
- 2023-2025 performance-based equity awards paid out at 0% of target.
- 2025 revenue decreased approximately 1% year-over-year.
- 2025 normalized revenue growth was approximately 3% year-over-year.
- 2025 Adjusted EBITDA margin was approximately 42%.
- AP supplier network grew approximately 67% year-over-year to over 602,000 suppliers.
- 2025 Say-on-Pay vote received approximately 73% support.