Business Context and Reporting Period
This Form 8-K Current Report was filed by Repay Holdings Corporation on April 21, 2025. The filing addresses a significant change in executive leadership under Item 5.02, specifically the resignation of the Chief Financial Officer.
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 changes and does not contain financial performance data.
Material Changes
- Departure of CFO: Timothy J. Murphy resigned as Chief Financial Officer, effective May 15, 2025.
- Reason for Departure: The resignation is for personal reasons and is not the result of any dispute regarding operations, policies, accounting practices, or financial reporting.
- Interim Appointment: Thomas E. Sullivan, currently the Chief Accounting Officer, has been appointed as Interim Chief Financial Officer effective upon Mr. Murphy's departure.
Outlook, Risks, and Management Commentary
Management intends to conduct an executive search for a permanent Chief Financial Officer. The filing explicitly states there are no disagreements with the Board of Directors or issues related to financial reporting. A press release detailing the departure was issued on April 25, 2025.
Investor Verification Checklist
- Confirm the effective date of Timothy J. Murphy's resignation (May 15, 2025).
- Verify the background and tenure of Interim CFO Thomas E. Sullivan (joined 2018, Chief Accounting Officer since 2021).
- Review the attached press release (Exhibit 99.1) for additional context on the transition plan.
- Monitor future filings for the announcement of a permanent CFO replacement.