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SAN ANTONIO, TX – Usio, Inc., a company specializing in banking-related functions with a market capitalization of $41.65 million and trailing twelve-month revenue of $81 million, has disclosed changes in executive roles and compensation through a recent SEC filing. The firm, headquartered in San Antonio, Texas, reported the promotion of Greg Carter to Executive Vice President, Chief Revenue Officer, effective March 3, 2025. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment, with analysts setting price targets between $4 and $7.
Carter, a United States Marine Corps veteran with extensive experience in senior management across various industries, will receive an annual salary of $300,000. His previous roles include CEO of BSG Clearing Solutions and senior-level positions at MCI/Telecom USA, US Long Distance, Qwest, and nii Communications. Carter’s (NYSE:CRI) education includes a bachelor’s degree in political science from the University of Iowa. The appointment comes as InvestingPro data shows the company trading at a P/E ratio of 11.65, with net income expected to grow this year.
Additionally, Louis Hoch, serving as the Chairman of the Board, President, and CEO, will have a new annual base salary of $900,000, while Michael White, the Senior Vice President, Chief Accounting Officer, will receive $230,000 annually. These salary adjustments also take effect on March 3, 2025. Both Hoch and White are eligible for awards under the company’s equity incentive programs, annual bonus plans, and other standard employment benefits. Investors should note that the company’s next earnings report is scheduled for March 28, 2025, which will provide further insight into the company’s financial performance.
These executive compensation decisions were made by the Compensation Committee of the Board of Directors and are detailed in the 8-K form filed with the SEC. The document also includes amendments to employment agreements for Hoch and Carter, reflecting the changes effective March 3, 2025.
Usio, Inc., previously known as Payment Data Systems Inc (NASDAQ:USIO)., operates within the depository banking sector. The company’s common stock is traded on The Nasdaq Stock Market under the ticker symbol USIO.
This information is based on a press release statement and provides a factual account of Usio, Inc.’s executive team changes and compensation without speculation or promotional commentary.
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