Priority Technology Holdings, Inc. Announces Board Changes
October 30, 2019 at 06:32 am EDT
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On October 23, 2019, the board of directors (the "Board") of Priority Technology Holdings, Inc. appointed Christina M. Favilla to the Board, effective immediately, with a term that expires at the Company's 2020 annual meeting of stockholders or until her successor is duly elected and qualified. The Board affirmatively determined that Ms. Favilla 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. Ms. Favilla will also serve on the Board's audit committee and will replace William Gahan, who will continue to serve on the Board.
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. 
