Repay Holdings adds Parthenon Capital partner to its board

Repay Holdings Corporation (NASDAQ: RPAY) has appointed Zachary F. Sadek to its board of directors, the company said in a press release.

Sadek is a senior partner at Parthenon Capital Partners, an affiliate of PCP Managers II L.P., which the company described as one of its largest stockholders. He has more than two decades of experience in the payments, financial technology, business services, and software sectors.

The appointment expands Repay's board to seven directors, six of whom qualify as independent under Nasdaq guidelines. Sadek's appointment is connected to a cooperation agreement between the company and Parthenon Capital, which will be filed as an exhibit to a Current Report on Form 8-K with the U.S. Securities and Exchange Commission.

Peter J. Kight, chairman of the board, said Sadek "brings deep experience across the payments and financial technology industries, together with significant board and investment experience."

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