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Get filing alertsPaymentus replaces Accel-KKR board nominee; Gregory Williams appointed as Class II director
Filed July 23, 2026 · Period ending July 22, 2026 · ~1 min read
Key Changes
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Gregory Williams, Managing Director at Accel-KKR since 2009, elected as Class II director with term through 2029 Annual Meeting, filling vacancy from Adam Malinowski's resignation.
Item 5.02 verify on EDGAR → -
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Williams appointed pursuant to Accel-KKR's contractual nomination rights under May 2021 Stockholders Agreement; meets NYSE independence requirements.
Item 5.02 verify on EDGAR → -
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Malinowski's resignation effective July 23, 2026 was not due to any disagreement with the Company on operations, policies, or practices.
Item 5.02 verify on EDGAR → -
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Williams will not receive cash retainer fees or equity awards, consistent with compensation practices for other Accel-KKR nominated directors.
Item 5.02 verify on EDGAR →
Summary
Paymentus disclosed a routine board transition involving its Accel-KKR-nominated director seat. Adam Malinowski resigned effective July 23, 2026, and Gregory Williams was immediately elected to fill the vacancy as a Class II director with a term expiring at the 2029 Annual Meeting. The filing explicitly states Malinowski's departure was not due to any disagreement with the Company.
Williams brings extensive private equity and board experience as a Managing Director at Accel-KKR since 2009, where he has served on boards of multiple portfolio companies. His appointment was made pursuant to Accel-KKR's contractual nomination rights under a May 2021 Stockholders Agreement.
The Board determined Williams meets NYSE independence requirements, and consistent with the firm's practice for Accel-KKR nominees, he will not receive cash retainer fees or equity awards for his service. This is a standard private equity sponsor board seat rotation with no operational or strategic implications for retail holders.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 23, 2026, the Board, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, elected Gregory Wiliams, effective immediately, to fill the vacancy created by the resignation of Adam Malinowski. Mr. Williams was elected as a Class II director whose term expires at the Company’s 2029 Annual Meeting of Stockholders. The Board has determined that Mr. Williams meets the independence requirements of the listing standards of the New York Stock Exchange.
Gregory Williams was elected to the Board as a Class II director with a term expiring at the 2029 Annual Meeting. He fills the vacancy left by Malinowski's resignation and meets NYSE independence requirements.
Added in current filing · verify on EDGAR →
Mr. Williams has been a Managing Director at AKKR, a technology-focused private equity firm, since July 2009. He has served on the boards of many private companies and currently serves on the boards of several of AKKR’s private portfolio companies. ... Mr. Williams was appointed pursuant to the nomination rights granted to AKKR under the Stockholders Agreement, dated as of May 24, 2021, by and among the Company, certain entities affiliated with AKKR and Dushyant Sharma and certain of his affiliates (the “Sharma Parties”), which is filed as Exhibit 10.13 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2026.
Williams is a Managing Director at Accel-KKR since 2009 with extensive private company board experience. His appointment was made pursuant to Accel-KKR's contractual nomination rights under a May 2021 Stockholders Agreement that grants both Accel-KKR and the Sharma Parties director nomination rights subject to ownership thresholds.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On July 22, 2026, Adam Malinowski notified the Board of Directors (the “Board”) of Paymentus Holdings, Inc. (the “Company”) of his intention to resign as a director of the Company, effective July 23, 2026. Mr. Malinowski was originally nominated to the Board by Accel-KKR ("AKKR"). His resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Adam Malinowski resigned from the Board effective July 23, 2026. He was originally an Accel-KKR nominee. The filing explicitly states his departure was not due to any disagreement with the Company.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify