Payoneer Global PAYO
Payoneer Global (PAYO) reports director resignation.
Reports an executive or board change
- Form
- 8-K
- Filed
- Importance
- Major
- Accession
- 0000950103-26-015392
- Barak Eilam resigned as director on October 5, 2026.
- Tsafi Goldman to receive $5.25M retention award in Feb 2027.
- Award tied to merger with Neon Maple Parent Inc.
Written from the 8-K on EDGAR. AI can make mistakes. Check the filing.
The reading, claim by claim
- Its Item 5.02 section covers a director's resignation and a retention award for an executive.
- The resignation became effective October 5, 2026, and he also left the Board's Audit Committee and Risk Committee.
- The number of directors constituting the Board was fixed at seven members.
- On October 6, 2026, the Compensation Committee approved communicating a cash retention award of $5,250,000 to Tsafi Goldman, the Chief Legal and Governance Officer.
- It will be granted in February 2027 in connection with the Agreement and Plan of Merger dated as of June 12, 2026, among the Company, Neon Maple Parent Inc. and Panda Acquisition Sub Inc.
- Once granted, the award vests in two equal installments: the first on the closing under the Merger Agreement and the second on the first anniversary of the closing.
- Each depends on continued employment.
- The unvested portion vests immediately if she is terminated without Cause or resigns for Good Reason, as defined in the Change in Control Severance Plan.
8 of 9 claims matched the filing text.
Not found in the filing text
- On October 2, 2026, Barak Eilam gave notice that he was resigning as a director.
For perspective, checked against its own source
From the 10-Q for the quarter ended September 30, 2026
- For context, the 10-Q for the quarter ended September 30, 2026 reported revenue of $276.9 million and net income of $14.9 million.
- It also reported an operating margin of 9.1% and revenue growth of +2.2% from a year earlier.
From the filing
Item 5.02 Departure of Directors or Certain Officers;
Compensatory Arrangements of Certain Officers.
(b) On October 2, 2026, Barak Eilam provided Payoneer Global Inc. (the "Company") with notice of his decision to resign as1 a director of the Board of Directors (the "Board") of the Company. Mr. Eilam's resignation became effective October 5, 2026 (the "Effective Date").2 2Mr. Eilam also resigned as a member of the Board's Audit Committee and Risk Committee,2 effective as of the Effective Date.
Pursuant to Mr. Eilam's notice, the number of directors which shall constitute the Board was fixed at seven members.3
(e) On October 6, 2026, the Compensation Committee of the Board (the "Compensation Committee") approved communicating that1 a cash retention award (the "Retention Award") will be granted in February 2027 to Tsafi Goldman, the Company's Chief Legal and Governance Officer, in an amount equal to $5,250,000.4 The Retention Award is being granted in connection with the transactions contemplated by the Agreement and Plan of Merger by and among the Company, Neon Maple Parent Inc. and Panda Acquisition Sub Inc., dated as of June 12, 20265 (the "Merger Agreement").
The Retention Award will be formally granted in February 20275 at the time that annual equity grants are customarily made to executives of the Company and, once formally granted, will vest in two equal installments.6 6The first installment will vest on the date of the closing pursuant to the terms of the Merger Agreement (the "Closing") and the second installment will vest on the first anniversary of the Closing.6 Each installment is subject to Ms.7
Goldman's continued employment with the Company through the applicable vesting date7; provided, that if Ms. Goldman's employment is terminated by the Company without Cause or Ms. Goldman resigns for Good Reason (as each term is defined in the Company's Change in Control Severance Plan), the unvested portion of the Retention Award will immediately vest and become payable.8
The description of the Retention Award above is not complete.
It is qualified in its entirety by reference to the full text of the letter agreement between the Company and Ms. Goldman, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ending September 30, 2026.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PAYONEER GLOBAL INC.
October 8, 2026
By:
/s/ John Caplan
Name:
John Caplan
Title:
Chief Executive Officer
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