Repay Brings Parthenon Capital Partner onto Board via Cooperation Pact
RPAY sits 73% above its 52-week low of $2.3 on light trading volume (0.2× avg).
Summary
Repay Holdings appointed Zachary Sadek of Parthenon Capital to its board under a cooperation agreement, expanding the board to seven members and securing a standstill from a key stockholder.
Key Events · Executive and Board Changes · RPAY
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Board Expansion and New Director
Effective July 13, 2026, the board grew from six to seven members with the appointment of Zachary F. Sadek, Senior Partner at Parthenon Capital, as an independent director.
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Cooperation Agreement with Major Stockholder
A Cooperation Agreement was entered into with PCP Managers II, L.P. (Parthenon Capital), featuring standstill restrictions, confidentiality obligations, and a commitment to nominate Sadek at the 2027 Annual Meeting.
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Governance and Alignment
Sadek meets NASDAQ independence standards; the agreement underscores constructive engagement with a large stockholder, potentially easing activist friction.
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Next Milestone
Sadek will stand for election at the 2027 Annual Meeting; the cooperation agreement terminates 30 days after his departure or following the 2027 Annual Meeting.
Analysis · RPAY · Trade & Services
In a move that signals alignment with a key investor, Repay Holdings appointed Zachary Sadek—a senior partner at Parthenon Capital—to its board under a newly signed cooperation agreement. Parthenon ranks among Repay's largest stockholders, and the appointment expands the board to seven members. The pact imposes standstill restrictions and includes a commitment to nominate Sadek at the 2027 annual meeting. Coming amid activist pressure from other holders, this détente could help stabilize governance and focus the company on long-term value creation.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RPAY was trading at $3.98 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $345.3M. The 52-week trading range was $2.30 to $6.06. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.