{"url_path":"/sec/rpmt/10-q/2026/item-5","section_key":"item-5","section_title":"Item 5 OTHER INFORMATION.","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-20","source_url":"https://www.sec.gov/Archives/edgar/data/1437283/0001214659-26-006619-index.html","accession_number":"0001214659-26-006619","cik":"0001437283","ticker":"RPMT","issuer_name":"REGO PAYMENT ARCHITECTURES, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1437283/0001214659-26-006619-index.html","primary_entity_key":"0001437283","primary_entity_name":"REGO PAYMENT ARCHITECTURES, INC."},"word_count":354,"has_tables":true,"body_markdown":"ITEM 5. OTHER INFORMATION.\n\n \n\n*Director Resignation*\n\n \n\nOn May 15, 2026, Gerald Hannahs resigned from his position as a member of the Board\nof Directors, of Rego Payment Architectures, Inc. Mr. Hannahs’ resignation from the Board of Directors was not the result of any\ndisagreement with the Company as referenced in Item 5.02(a) of Form 8-K.\n\n \n\n*Appointment of New Director*\n\n \n\nOn May 15, 2026, Rego Payment Architectures, Inc. (the “Company”)\nappointed Joseph R. Toczydlowski to the Board of Directors (the “Board”), effective immediately. There are no arrangements\nor understandings between Mr. Toczydlowski and any other persons pursuant to which he was elected as a director. Mr. Toczydlowski is not\nbeing appointed to any Board committees. Additionally, other than previously disclosed executive compensation arrangements, there are\nno transactions involving the Company and Mr. Toczydlowski that the Company would be required to report pursuant to Item 404(a) of Regulation\nS-K.\n\n \n\nMr. Toczydlowski, age 56, was appointed the Chief Financial Officer\nof the Company in August 2022. Mr. Toczydlowski has held various financial positions at Sculptz, Inc. since 1998, most recently as Chief\nFinancial Officer since April 2011. His other areas of expertise include taxation, business analytics and marketing. In early 2022, Mr.\nToczydlowski provided CFO consulting services to a tech startup with publicly traded shares. He previously served as a Senior Tax Accountant\nat United Refrigeration, Inc. and Arthur Andersen & Co. Mr. Toczydlowski is a Certified Public Accountant and has a B.S. in Accounting\nfrom LaSalle University.\n\n \n\nNo director or officer of the Company adopted or terminated a Rule 10b5-1 trading arrangement and/or a non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408(a) of Regulation S-K) during the quarter ended March 31, 2026.\n\n \n\n 24 \n\n [Table of Contents](#toc)\n\n \n\nDuring the three months ended March 31, 2026, the Company issued\n$245,000 aggregate principal amount of Notes Payable - Other in a private placement to certain accredited investors. Each of the foregoing\nissuances were exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. See the footnotes to the\nfinancial statements contained herein for additional detail on the applicable securities issued."}