INS Intelligent Systems Corporation

 

On October 4, 2022, the Board of Directors of CoreCard Corporation appointed Kathryn Petralia to its Board of Directors to serve until the next annual meeting of the Company, or until her earlier resignation or removal. She will be proposed to the shareholders for re-election to the board for a two-year term at the annual meeting of shareholders in our annual proxy statement of the Company. In connection with this appointment, the Board determined that Ms. Petralia is an independent director pursuant to Rule 303A.02 of the rules of the New York Stock Exchange Listing Standards. The Board assigned Ms. Petralia to serve on the Audit Committee, Compensation Committee and the Nominating and Corporate Governance Committee.

 

Ms. Petralia is the Co-Founder of Keep Financial, a fintech compensation platform that helps employers and employees stay together longer and happier.  Prior to starting Keep, Kathryn Co-Founded Kabbage, a financial services, technology and data platform for small businesses that was acquired by American Express in 2020. Prior to Kabbage, Kathryn spent nearly 15 years with fintech and ecommerce startups. After graduating from Furman University with an English degree, Kathryn pursued her interest in technology to launch a number of successful startups. She also served as Vice President of strategy for Revolution Money, which was acquired by American Express, and was the director of corporate development for CompuCredit (now Atlanticus). In 2018, she was named to Forbes’ list of the World’s Most Powerful Women.

 

Ms. Petralia has extensive experience in financial institutions and payments, digital and analytics transformations, talent management, strategy and risk management.

 

Additional information about Ms. Petralia is included in the Company’s press release issued on October 4, 2022, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

In connection with joining CoreCard Corporation’s Board of Directors, Ms. Petralia will receive a one-time grant of equity valued at $50,000 vesting on the date of grant. Ms. Petralia will also participate in the compensation program for non-management directors as described in the Director Compensation section of CoreCard Corporation’s Proxy Statement for its Annual Meeting of Shareholders held on May 26, 2022, filed with the U.S. Securities and Exchange Commission on April 8, 2022.