{"url_path":"/sec/apcxw/8-k/2026-05-08/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1070050/0001683168-26-003617-index.html","accession_number":"0001683168-26-003617","cik":"0001070050","ticker":"APCXW","issuer_name":"AppTech Payments Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1070050/0001683168-26-003617-index.html","primary_entity_key":"0001070050","primary_entity_name":"AppTech Payments Corp."},"word_count":301,"has_tables":true,"body_markdown":"**Item 5.02 Departure\nof Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\nOn May 4, 2026, the Board of Directors (the “Board”)\nof AppTech Payments Corp. (the “Company”) discussed and approved certain executive leadership and governance matters, including\nthe designation of Albert L. Lord as Executive Chairman of the Company. In connection with such designation, Mr. Lord will no longer be\nconsidered an independent director under applicable corporate governance standards and will step down from the Compensation Committee.\n\n \n\nIn connection with such actions, the Board ratified\nemployment arrangements for Thomas DeRosa, the Company’s Chief Executive Officer, and Anthony Shall, the Company’s Chief Operating\nOfficer. The Company previously employed Mr. DeRosa and Mr. Shall in their respective executive officer roles, and the arrangements formalize\ncertain terms of their continuing employment with the Company.\n\n \n\nEffective May 4, 2026, the Company entered into\nan employment arrangement with Mr. DeRosa pursuant to which he will continue to serve as Chief Executive Officer of the Company. The arrangement\ncontemplates an annual base salary of $384,000 and eligibility for discretionary bonus compensation and participation in the Company’s\nequity incentive and employee benefit plans.\n\n \n\nEffective May 4, 2026, the Company entered into\nan employment arrangement with Mr. Shall pursuant to which he will continue to serve as Chief Operating Officer of the Company. The arrangement\ncontemplates an annual base salary of $240,000 and eligibility for discretionary bonus compensation and participation in the Company’s\nequity incentive and employee benefit plans.\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n** **\n\n 2 \n\n \n\n \n\n**SIGNATURES**\n\n \n\nPursuant to the requirements of\nthe Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned\nhereunto duly authorized.\n\n \n\n \n**APPTECH PAYMENTS CORP.**\n\n \n \n \n\nDate: May 8, 2026\nBy:\n*/s/ Thomas DeRosa*\n\n \n \nThomas DeRosa\n\n \n \nChief Executive Officer\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n 3"}