Shift4 Payments (FOUR) discloses CEO change

Shift4 Payments (NYSE: FOUR) disclosed in a form 8-K:

Resignation of Chief Executive Officer and Appointment of Executive Chairman

On June 4, 2025, Shift4 Payments, Inc. (the “Company”) announced that Jared Isaacman has resigned from his role as the Company’s Chief Executive Officer, effective June 5, 2025 (the “Effective Time”). As of the Effective Time, Mr. Isaacman has been appointed as the Executive Chairman of the Company. In his role as Executive Chairman, Mr. Isaacman will remain an executive officer and Class I member of the board of directors of the Company (the “Board”).

Appointment of New Chief Executive Officer and Class I Director

As part of the Company’s previously announced succession planning and in connection with Mr. Isaacman’s resignation, the Company’s President, Taylor Lauber, has been appointed as the new Chief Executive Officer and the Company’s principal executive officer, effective as of the Effective Time. Mr. Lauber has also been appointed by the Company’s Board to serve as a Class I member of the Board, with a term to expire at the 2027 annual meeting of stockholders and until his respective successor is duly elected and qualified or until his earlier death, resignation or removal. The Board is confident in Mr. Lauber’s ability to lead the Company into its next phase of growth.

A description of Mr. Lauber’s background and experience can be found in the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission (the “SEC”) on April 30, 2025 (the “Proxy Statement”). The Company believes Mr. Lauber is qualified to serve on the Board due to his extensive experience in executive leadership positions and his knowledge of our business in particular, gained through his service as President and Chief Strategy Officer.

Mr. Lauber is a party to the Company’s standard indemnification agreement for directors and officers.

There is no arrangement or understanding between Mr. Lauber and any other person pursuant to which he was selected as a director of the Company, and there is no family relationship between either of Mr. Lauber and any of the Company’s other directors or executive officers. Other than already disclosed in the Proxy Statement, Mr. Lauber has no material interest in any transaction that is required to be disclosed under Item 404(a) of Regulation S-K.

The Company intends to file an amendment to this filing containing any information called for in this Item 5.02 that is not determined or is unavailable at the time of this filing, such as material amendments to Mr. Lauber’s compensation arrangement, if any, within four business days after the information is determined or becomes available.

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