Business Context and Reporting Period
This Form 8-K Current Report was filed by Alkami Technology, Inc. on April 1, 2026, covering events occurring on March 31, 2026. The filing addresses corporate governance changes, specifically the appointment of new directors to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and governance matters rather than financial performance.
Material Changes
- Board Expansion: The Board of Directors approved an increase in size from nine to eleven directors.
- New Appointments: Jeffrey (Jeff) Fox and Judson (Jud) Linville were appointed as new directors.
- Effective Date: Appointments are effective immediately following the conclusion of the 2026 Annual Meeting of Stockholders.
- Class Adjustments: The size of Class I and Class III director groups increased from three to four directors each.
Management Commentary and Governance Details
The Board determined that committee assignments for the new directors will be decided upon or following their appointments. Compensation for the new directors will align with the existing program for non-employee directors as detailed in the March 31, 2025, Schedule 14A proxy statement. No reportable transactions or relationships under Item 404(a) of Regulation S-K exist between the new directors and the Company.
Director Backgrounds:
- Judson Linville: A senior advisor with over 30 years of experience in financial services and technology. Former CEO of Global Cards and Consumer Services at Citigroup Inc. and President/CEO of Consumer Card Services at American Express. Currently serves on the board of Marqeta, Inc.
- Jeffrey Fox: CEO and Founder of Circumference Group LLC. Former President and CEO of Endurance International Group Holdings, Inc. and Convergys Corporation. Currently serves on the boards of Penn Entertainment, Inc., Westrock Coffee Company, and Resources Connection Inc.
Investor Verification Checklist
- Verify the exact date of the 2026 Annual Meeting of Stockholders to confirm the effective date of the new director appointments.
- Review the March 31, 2025, Schedule 14A proxy statement to confirm the specific compensation structure for non-employee directors.
- Monitor future filings for the announcement of committee assignments for Messrs. Fox and Linville.
- Confirm the updated Board composition and class terms in subsequent governance disclosures.