Usio Amends Louis Hoch Employment Agreement, Raises Salary
The company's long-serving executive's annual compensation increases to $995,000 in August under an eleventh amendment to his original 2007 employment deal.
By the FiledFeed automated desk
This summary was generated by AI from the company's SEC filing and may contain errors — always verify against the primary source on SEC.gov.
The short version
Usio, Inc. has amended the employment agreement of Louis A. Hoch, increasing his annual salary to $900,000 immediately and to $995,000 on August 3, 2026. The amendment was signed on June 17, 2026, and is the eleventh modification to an agreement originally dated February 27, 2007.
Filing impact
Filing sentiment
Usio, Inc. has amended the employment agreement of Louis A. Hoch, raising his annual salary to $900,000 effective immediately and to $995,000 starting August 3, 2026.
The eleventh amendment to Hoch's employment agreement, originally signed on February 27, 2007, was executed on June 17, 2026. According to the filing, all other terms and conditions of the original agreement remain in full force and effect. Michelle Miller, Chairperson of the Compensation Committee, signed the amendment on behalf of the company.
The amendment does not disclose Hoch's prior salary or specify whether his position, title, or other benefits changed. All previously existing obligations under the original employment agreement were reaffirmed.
Why it matters
Executive compensation changes are disclosed to give shareholders visibility into how the company is spending resources on leadership. This amendment shows Usio is raising Hoch's pay, likely reflecting either a promotion, expanded role, or market-based adjustment for a long-tenured executive. However, the filing provides no context for the raise—no promotion announcement, no new title, no expanded responsibilities—making it difficult to assess whether this represents a routine merit increase or signals a material shift in leadership or strategy.
Frequently asked
- What happened to Louis Hoch's salary at Usio?
- His annual salary was increased to $900,000 effective immediately on June 17, 2026, and will increase further to $995,000 on August 3, 2026.
- When was Hoch's original employment agreement signed?
- The original employment agreement was signed on February 27, 2007, and this is the eleventh amendment to that agreement.
- Did any other terms of the employment agreement change?
- No. The filing states that all other terms and conditions of the original agreement remain in full force and effect.
What the filing reported
- 5.02 Departure/Election of Directors or Officers
- 9.01 Financial Statements & Exhibits
Source
Based on Usio, Inc.'s 8-K filed with the SEC on Jun 17, 2026. Read the original filing on SEC.gov ↗