Priority Technology Holdings, Inc. Appoints Michael K. Passilla to the Board
June 06, 2019 at 04:06 pm
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On June 4, 2019, the board of directors of Priority Technology Holdings, Inc. upon the recommendation of its nominating and corporate governance committee, appointed Michael K. Passilla to the Board, effective immediately, with a term that expires at the Company's 2019 annual meeting of stockholders or until his successor is duly elected and qualified. The Board affirmatively determined that Mr. Passilla is independent in accordance with the corporate governance rules of the Nasdaq Stock Market LLC for listed companies and also independent under the rules of the Securities and Exchange Commission applicable to members of an audit committee.
Priority Technology Holdings, Inc. is a solution provider in payments and banking as a service (BaaS) industry, operating at a scale with 860,000 active customers across its small and medium-sized businesses (SMB), business-to-business and enterprise customer channels. The Company has three segments. SMB Acquiring Solutions segment provides full-service acquiring and payment-enabled solutions for business-to-consumer transactions, leveraging its proprietary software platform, distributed through independent sales organizations (ISO), direct sales and vertically focused independent software vendor (ISV) channels. B2B Payables segment provides accounts payable (AP) automation solutions to corporations, software partners and industry financial institutions (FI), including Citibank and Mastercard. Enterprise Payments and BaaS segment provides embedded finance and BaaS solutions for customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.
PRIORITY TECHNOLOGY HOLDINGS, INC. 
