PAID INC 8-K

What Happened
PAID Inc. (PAYD) filed a Form 8-K on May 12, 2026 reporting that Lance Healy, age 53, was appointed to the company’s Board of Directors on May 11, 2026 to fill a vacancy created by a recent director departure. Mr. Healy brings about 30 years of experience in freight technology and logistics, currently serving as Co‑Founder and CEO of Freight Facts and formerly President and Co‑Founder of Banyan Technology.

Key Details

• Appointment effective May 11, 2026; Mr. Healy will serve as a Class I director through April 17, 2029 (or until a successor is elected).
• Compensation: $10,000 per year plus an option to purchase 20,000 shares of common stock annually.
• Background: 30 years in freight operations, LTL automation, carrier APIs, and logistics data intelligence (Co‑Founder/CEO of Freight Facts; former President of Banyan Technology).
• Governance notes: Not currently a member of any board committee, not related to any PAID director or executive, and no reportable related-party transactions in the past two years (none exceeding $120,000). A related press release dated May 11, 2026 is attached as Exhibit 99.1.

Why It Matters
This is a board-level personnel change that adds freight and logistics technology expertise to PAID’s leadership team—relevant given the company’s efforts to strengthen freight and enterprise logistics capabilities amid growing North American shipping demand. Investors should note the modest cash and equity compensation, the term through 2029, and that the appointment fills a vacancy rather than expanding the board.