UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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Form
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 20, 2024, the Board of Directors (the “Board”) of Euronet Worldwide, Inc. (the “Company”) increased the size of the board from eight to nine directors, and appointed Sara Baack to the Board. Ms. Baack will initially not be appointed to any committee of the Board. Ms. Baack will be provided with the Company’s standard non-employee director compensation and director indemnification agreement.
A press release announcing the election of Ms. Baack is filed as Exhibit 99.1 and is incorporated herein in its entirety.
ITEM 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | ||
| Number | Description | |
| 99.1 | Press Release of Euronet Worldwide, Inc. dated February 20, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Euronet Worldwide, Inc. | ||
| By: | /s/ Scott D. Claassen | |
| Scott D. Claassen | ||
| General Counsel and Secretary | ||
Date: February 20, 2024
Exhibit 99.1
 |
PRESS RELEASE
Euronet Worldwide Announces Appointment
of Sara Baack to Its Board of Directors
LEAWOOD, Kan. (Feb. __, 2023) – Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, today announced the appointment of Sara Baack to the Euronet Board of Directors effective February 20, 2024. Her appointment increases the size of the board from eight to nine members.
“We are extremely pleased to welcome Sara to our board,” said Michael J. Brown, Euronet’s Chairman and Chief Executive Officer. “She has extensive experience in product development and marketing across a range of industries, which, along with her C-level executive experience, will support Euronet as we continue to expand our business across new categories and more markets.”
“With this appointment, Euronet has found an excellent candidate who brings depth and a wealth of experience to our board. This appointment further enhances and supports our commitment to ensure our board reflects the future needs of the business,” noted Paul Althasen, Chair of the Nominating and Governance Committee.
Ms. Baack is currently a Founding Partner at Snowhawk LP, a private investment firm that targets strategic majority investments in businesses that power the economy's digital transition across cloud, connectivity and technology services sectors. She served as Chief Product Officer of Equinix, Inc., a global interconnection and data center company, from 2019 to 2022. Previously, she was Equinix’s Chief Marketing Officer from 2012 to 2019. Ms. Baack currently serves on the board of cloud management firm ProsperOps. Sara holds a B.A. from Rice University and an M.B.A. from Harvard Business School where she was a Baker Scholar.
About Euronet
Starting in Central Europe in 1994 and growing to a global real-time digital and cash payments network with millions of touchpoints today, Euronet now moves money in all the ways consumers and businesses depend upon. This includes money transfers, credit/debit processing, ATMs, point-of-sale services, branded payments, currency exchange and more. With products and services in more than 200 countries and territories provided through its own brand and branded business segments, Euronet and its financial technologies and networks make participation in the global economy easier, faster and more secure for everyone.
A leading global financial technology solutions and payments provider, Euronet has developed an extensive global payment network that includes 52,652 installed ATMs, approximately 656,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 66 countries; card software solutions; a prepaid processing network of approximately 821,000 POS terminals at approximately 352,000 retailer locations in 62 countries; and a global money transfer network of approximately 580,000 locations serving 198 countries and territories. Euronet serves clients from its corporate headquarters in Leawood, Kansas, USA, and 67 worldwide offices. For more information, please visit the company's website at www.euronetworldwide.com.