Priority Technology Holdings, Inc., Announces Planned Retirement of Co-Founder John V. Priore and Appointment of Clayton Main to Board of Directors
Priority Technology Holdings (NASDAQ: PRTH) announced the planned retirement of co-founder John V. Priore from the board of directors, effective April 1, 2025. Simultaneously, Clayton Main has been appointed to join the board on the same date.
John Priore, who helped establish Priority in 2005, will step down after contributing to the company's evolution from a startup to a public company. Clayton Main, bringing over 20 years of experience in leveraged financing and structured equity investments, will serve on the board's audit, compensation, and nominating and governance committees.
Main's background includes roles as partner and Investment Committee member at Bregal Sagemount and founding member of the Goldman Sachs Specialty Lending Group. He was also one of Priority's initial lenders and graduated magna cum laude from Southern Methodist University.
Priority Technology Holdings (NASDAQ: PRTH) ha annunciato il ritiro programmato del co-fondatore John V. Priore dal consiglio di amministrazione, a partire dal 1 aprile 2025. Contemporaneamente, Clayton Main è stato nominato per unirsi al consiglio nella stessa data.
John Priore, che ha contribuito a fondare Priority nel 2005, si dimetterà dopo aver partecipato all'evoluzione dell'azienda da startup a società pubblica. Clayton Main, con oltre 20 anni di esperienza in finanziamenti a leva e investimenti in capitale strutturato, farà parte delle commissioni di audit, compensi e nomina e governance del consiglio.
Il background di Main include ruoli come partner e membro del Comitato Investimenti di Bregal Sagemount e membro fondatore del Goldman Sachs Specialty Lending Group. È stato anche uno dei primi finanziatori di Priority e si è laureato magna cum laude presso la Southern Methodist University.
Priority Technology Holdings (NASDAQ: PRTH) anunció la jubilación programada del cofundador John V. Priore de la junta directiva, a partir del 1 de abril de 2025. Al mismo tiempo, Clayton Main ha sido nombrado para unirse a la junta en la misma fecha.
John Priore, quien ayudó a establecer Priority en 2005, dejará su puesto después de contribuir a la evolución de la empresa de una startup a una compañía pública. Clayton Main, que aporta más de 20 años de experiencia en financiamiento apalancado e inversiones en capital estructurado, servirá en los comités de auditoría, compensación y nominación y gobernanza de la junta.
El historial de Main incluye roles como socio y miembro del Comité de Inversiones en Bregal Sagemount y miembro fundador del Goldman Sachs Specialty Lending Group. También fue uno de los primeros prestamistas de Priority y se graduó magna cum laude de la Southern Methodist University.
Priority Technology Holdings (NASDAQ: PRTH)는 공동 창립자 John V. Priore가 이사회에서 은퇴할 예정이라고 발표했으며, 이는 2025년 4월 1일부터 효력이 발생합니다. 동시에 Clayton Main이 같은 날짜에 이사회에 합류하도록 임명되었습니다.
2005년 Priority를 설립하는 데 도움을 준 John Priore는 스타트업에서 상장 기업으로의 발전에 기여한 후 물러납니다. 20년 이상의 레버리지 금융 및 구조화 자본 투자 경험을 가진 Clayton Main은 이사회의 감사, 보상 및 지명 및 거버넌스 위원회에서 활동할 것입니다.
Main의 경력에는 Bregal Sagemount의 파트너 및 투자 위원회 위원, Goldman Sachs Specialty Lending Group의 창립 멤버로서의 역할이 포함됩니다. 그는 또한 Priority의 초기 대출자 중 한 명이었으며 Southern Methodist University에서 magna cum laude로 졸업했습니다.
Priority Technology Holdings (NASDAQ: PRTH) a annoncé le départ prévu du co-fondateur John V. Priore du conseil d'administration, à compter du 1er avril 2025. Simultanément, Clayton Main a été nommé pour rejoindre le conseil à la même date.
John Priore, qui a aidé à établir Priority en 2005, se retirera après avoir contribué à l'évolution de l'entreprise d'une startup à une société cotée en bourse. Clayton Main, fort de plus de 20 ans d'expérience en financement par effet de levier et en investissements en capital structuré, siégera aux comités d'audit, de rémunération et de nomination et de gouvernance du conseil.
Le parcours de Main inclut des rôles en tant que partenaire et membre du Comité d'Investissement chez Bregal Sagemount et membre fondateur du Goldman Sachs Specialty Lending Group. Il était également l'un des premiers prêteurs de Priority et a obtenu son diplôme magna cum laude de la Southern Methodist University.
Priority Technology Holdings (NASDAQ: PRTH) gab die geplante Pensionierung des Mitbegründers John V. Priore aus dem Vorstand bekannt, die am 1. April 2025 wirksam wird. Gleichzeitig wurde Clayton Main ernannt, um am selben Datum dem Vorstand beizutreten.
John Priore, der 2005 zur Gründung von Priority beigetragen hat, wird nach seinem Beitrag zur Entwicklung des Unternehmens von einem Startup zu einem börsennotierten Unternehmen zurücktreten. Clayton Main, der über 20 Jahre Erfahrung in der Leveraged-Finanzierung und strukturierten Eigenkapitalinvestitionen verfügt, wird in den Ausschüssen für Prüfung, Vergütung sowie Nominierung und Governance des Vorstands tätig sein.
Main bringt Erfahrungen aus seiner Zeit als Partner und Mitglied des Investmentkomitees bei Bregal Sagemount sowie als Gründungsmitglied der Goldman Sachs Specialty Lending Group mit. Er war auch einer der ersten Kreditgeber von Priority und schloss sein Studium an der Southern Methodist University mit magna cum laude ab.
- Appointment of experienced financial executive with 20+ years in leveraged financing
- New director has prior relationship with company as initial lender
- Strategic addition to optimize capital structure and pursue growth opportunities
- Loss of founding member from board of directors
John Priore was one of the original founders of Priority in 2005. “It has been an honor to be part of the evolution of Priority from its days as a young startup to today’s fast growing public company,” he said. “While I look forward to my future, I am very excited to watch all that Priority can continue to accomplish.”
“Building Priority with John has been an unbelievable journey,” said Tom Priore, Chairman and CEO. “While he’s stepping away from his board duties, I have no doubt that John will continue to be a great advocate for Priority.”
Clayton Main is an experienced executive with more than 20 years in leveraged financing and structured equity investments. He most recently served as a partner and Investment Committee member at Bregal Sagemount. Main began his career at Goldman, Sachs & Co., where he was a founding member of the Goldman Sachs Specialty Lending Group. He graduated magna cum laude from Southern Methodist University. Main will serve on the board’s audit, compensation, and nominating and governance committees.
“As one of its initial lenders,” Main said, “I have followed Priority closely and admired its strategy and execution, and am thrilled to become part of such a dynamic team. I’m looking forward to bringing my experience and relationships to help Priority achieve its mission.”
“Clayton’s experience in leveraged financing and structured equity investing comes at a great time for Priority as we continue to optimize our capital structure and pursue growth opportunities into new enterprise payment verticals,” Tom Priore said. “We are excited to have Clayton join our team and are eager for him to apply his talents and deep relationships in vertical SaaS markets to help accelerate adoption of our unified commerce vision.”
About Priority
Priority is the payments and banking solution that enables businesses to collect, store, lend and send funds through a unified commerce engine. Our platform combines payables, merchant services, and banking and treasury solutions so leaders can streamline financial operations efficiently — and our innovative industry experts help businesses navigate and build momentum on the path to growth. With the Priority Commerce Engine, leaders can accelerate cash flow, optimize working capital, reduce unnecessary costs, and unlock new revenue opportunities. For more information, visit prioritycommerce.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250227176403/en/
Investor inquiries:
Chris Kettmann
chris.kettmann@dentonsglobaladvisors.com
(773) 497-7575
Media inquiries:
Alison Jones
alison.jones@prth.com
Source: Priority Technology Holdings, Inc.
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