Usio, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Usio, Inc. on June 17, 2026. The report discloses executive compensation adjustments approved by the Compensation Committee of the Board of Directors on June 11, 2026, effective August 3, 2026.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive employment agreements.
Material Changes
The primary material change involves the approval of new annual base salaries for three key executives, effective August 3, 2026:
- Louis Hoch (Chairman, President, and CEO): $995,000
- Greg Carter (Senior Vice President, Chief Accounting Officer): $325,000
- Michael White (Senior Vice President, Chief Accounting Officer): $260,000
All three executives remain eligible for equity incentive awards, annual bonus plans, and standard employee benefits.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. It is a procedural disclosure regarding executive compensation.
Investor Verification Checklist
- Verify the effective date of the salary increases (August 3, 2026) against the company's fiscal calendar.
- Review the attached employment agreement amendments (Exhibits 10.1, 10.2, and 10.3) for details on equity grants and bonus structures.
- Confirm the dual listing of Greg Carter and Michael White as Senior Vice President, Chief Accounting Officer, to understand the organizational structure.