Usio updates compensation for independent directors and audit committee chair

Published 29/08/2025, 23:36
Usio updates compensation for independent directors and audit committee chair

Usio, Inc. (NASDAQ:USIO), a $39 million market cap financial technology company that has remained profitable over the last twelve months, amended its Independent Director Agreements with four members of its Board of Directors, the company disclosed in a press release statement filed with the Securities and Exchange Commission on Friday. According to InvestingPro data, the company currently trades at $1.48 per share and appears undervalued based on its Fair Value analysis.

According to the filing, effective Thursday, the quarterly compensation for Brad Rollins, Blaise Bender, Ernesto R. Beyer de la Garza, and Michelle Miller was set at $2,000 each. In addition to this, Blaise Bender, as Chair of the Audit Committee, will receive an annual payment of $20,000 upon the timely and compliant filing of the company’s Form 10-K, including any extensions granted by the SEC.

The amendments apply to agreements originally executed between 2017 and 2022. The company is incorporated in Nevada and is based in San Antonio, Texas.

The information is based on a press release statement included in Usio’s Form 8-K filing with the SEC.

In other recent news, Usio Inc. reported its second-quarter earnings for 2025, which fell short of analyst expectations. The company posted a loss per share of $0.01, contrary to the anticipated earnings of $0.01 per share, resulting in a 200% negative surprise. Additionally, Usio’s revenues reached $19.96 million, missing the projected $22.41 million by 10.93%. These results highlight a significant shortfall in both earnings and revenue estimates. In another development, Usio’s Compensation Committee approved a new form of Restricted Stock Unit Agreement under the company’s 2025 Comprehensive Equity Incentive Plan. The agreement will facilitate future grants of restricted stock units to eligible employees, officers, and directors. Details regarding specific grants or recipients were not disclosed. These recent developments provide insight into Usio’s current financial performance and strategic initiatives.

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