ALKAMI TECHNOLOGY, INC. 8-K

What Happened

• Alkami Technology, Inc. (ALKT) filed an 8-K reporting that on March 31, 2026 the Board approved the appointment of Jeffrey (Jeff) Fox and Judson (Jud) Linville as new independent directors, effective immediately following the conclusion of the company’s 2026 Annual Meeting of Stockholders.
• The Board increased the size of Class I and Class III from three to four directors each, raising the total board size from nine to 11. Mr. Linville will serve as a Class III director with a term expiring at the 2027 annual meeting; Mr. Fox will serve as a Class I director with a term expiring at the 2028 annual meeting.

Key Details

• Appointment approval date: March 31, 2026; effective immediately after the 2026 Annual Meeting.
• Board size change: total directors increased from 9 to 11; Class I and Class III increased from 3 to 4 each.
• Director terms: Linville — Class III (term through 2027 annual meeting); Fox — Class I (term through 2028 annual meeting).
• Compensation and conflicts: Each new director will receive pay per Alkami’s existing non-employee director program (see company proxy filed March 31, 2025); no reportable transactions or relationships under Item 404(a) were identified.

Why It Matters

• The company is adding two experienced executives with backgrounds in financial services, payments and technology—Judson Linville (formerly Citigroup and American Express; current Marqeta board member) and Jeff Fox (former CEO roles and current public company board service). That background aligns with Alkami’s business serving banks and fintechs.
• The increase in board size and addition of new directors may affect board committees and governance; the Board will assign committee memberships upon or after the appointments. Compensation will follow the company’s standard non-employee director program and no related-party transactions were reported, per the filing.