Company: DLX
Filing Date: 2025-02-21
Form Type: 8-K
Source: 0000027996-25-000053
Chunk: 0

Company: DELUXE CORP
Filing Date: 2025-02-21
Form: 8-K
Item: Item 5.02
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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, 2025, the Board of Directors (the “ Board”) of Deluxe Corporation (the “ Company”) unanimously elected Morgan M. (Mac) Schuessler, Jr. to the Board, effective February 21, 2025. Mr. Schuessler will stand for re-election at the Company’s 2025 Annual Meeting of the Shareholders. The Board has determined that Mr. Schuessler qualifies as an independent director under the listing standards of the New York Stock Exchange and the Company’s director independence standards, as adopted by the Board.

Mr. Schuessler brings to the Company extensive experience in the payments and financial technology industry, including in his current position, which he has held since 2015, as Chief Executive Officer, President, and director of Evertec Group. He previously served as the President, International, at Global Payments between 2005 and 2014, and served in multiple leadership positions with American Express Corporate Services. He serves on the boards of Endeavor Puerto Rico, Smithsonian National Board, and Wharton Executive Education. He holds a bachelor's degree from New York University and an MBA from Emory University's Goizueta Business School, where he served on the Dean's Advisory Board for 13 years. He also completed the General Management Program at the Wharton School.

Also on February 20, 2025, the Board made committee assignments for its two newest members, such appointments being effective April 23, 2025. Mr. Schuessler was appointed to the Audit and Finance Committee and Corporate Governance Committee, and Hugh S. Cummins was appointed to the Audit and Finance Committee and Compensation and Talent Committee.

Section 7 - Regulation FD

Item 7.01 Regulation FD Disclosure.