8-K: Paysign, Inc. Announces Results of Annual Stockholders Meeting

Paysign, Inc. held its annual meeting of stockholders on May 7, 2025, and all proposals, including the election of directors, approval of executive compensation, and ratification of the independent auditor, were approved.

Summary

• Paysign, Inc. held its Annual Meeting of Stockholders on May 7, 2025.
• The meeting included voting on the election of seven director nominees, an advisory vote on executive compensation (say-on-pay), an advisory vote on the frequency of say-on-pay, and the ratification of Moss Adams LLP as the independent auditor.
• All seven director nominees were elected to the Board of Directors to hold office until the 2026 annual meeting.
• The stockholders approved the compensation of the named executive officers for fiscal year 2025 on a non-binding advisory basis.
• The stockholders approved holding an advisory vote on executive compensation every three years, consistent with their stated preference.
• Moss Adams LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

Sentiment

Score: 7

Explanation: The document reports routine corporate governance matters with positive outcomes (all proposals passed), suggesting a neutral to slightly positive sentiment.

Positives

• All proposed resolutions were approved by the stockholders, indicating strong support for the company's direction and governance.
• The ratification of Moss Adams LLP as the independent auditor provides assurance of financial oversight and transparency.

Future Outlook

The newly elected Board of Directors will serve until the 2026 annual meeting, and the company will continue to have its financial statements audited by Moss Adams LLP for the fiscal year ending December 31, 2025.

Management Comments

• Mark Newcomer, Chief Executive Officer, signed the report on behalf of Paysign, Inc.

Industry Context

This announcement is a routine disclosure related to corporate governance and shareholder voting, which is standard practice for publicly traded companies.

Comparison to Industry Standards

• The election of directors, say-on-pay vote, and auditor ratification are standard agenda items for annual shareholder meetings across publicly traded companies.
• The voting results appear to be in line with typical shareholder support for management-recommended proposals.

Stakeholder Impact

• Shareholders have exercised their voting rights on key governance matters.
• Employees are indirectly impacted by the decisions made at the annual meeting, particularly regarding executive compensation.

Key Dates

Keywords

Annual Meeting, Stockholders, Election of Directors, Executive Compensation, Say-On-Pay, Moss Adams LLP, Ratification, Corporate Governance, PAYS