AppTech Payments Corp 8-K, filed Jul 10, 2026
AppTech Payments Corp. (APCX)
About this 8-K
AppTech Payments Corp filed this 8-K on July 10, 2026, reporting on events of July 1, 2026.
Items reported
- Item 5.02: Director or officer change, or executive pay
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 1, 2026, AppTech Payments Corp. (the “Company”) released Thomas J. DeRosa from his roles as President and Chief Executive Officer of the Company, effective immediately. Mr. DeRosa will continue to serve as a member of the Company’s Board of Directors (the “Board”).
Also on July 1, 2026, the Company appointed Felipe A. Corrado IV, age 47, as Interim Chief Executive Officer of the Company. In this capacity, he will serve as the Company’s Chief Financial Officer and Chief Executive Officer until, when, and if the Company’s Board appoints a replacement. Mr. Corrado has served as the Company’s Chief Financial Officer and Treasurer since December 2024, and before that was a Management Consultant at the Company since 2021. Mr. Corrado has over two decades of experience as an owner/operator, CFO, management consultant, financial analyst, practicing CPA, and auditor. His areas of expertise include financial due diligence/quality of earnings, forensic, fraud, restructurings, corporate turnarounds, corporate investigations, litigation support and economic damage calculation engagements on behalf of private equity investors, lenders, attorneys, and public and private companies. As a consultant, he has performed diligences on over 150 acquisitions and financing deals across the U.S., South America, Central America, Mexico, Asia and Canada. He spent years with Walt Disney Records earlier in his career, honing his financial modeling and analysis skills. Prior to working for The Walt Disney Company, he worked for PricewaterhouseCoopers, LLP, auditing and consulting for multiple venture capital, private equity, hedge, and mutual fund clients. Most recently, Mr. Corrado worked as a Senior Manager in the transaction advisory services for BDO, LLP.
There are no arrangements or understandings between Mr. Corrado and any other person pursuant to which he is being appointed as Interim Chief Executive Officer of the Company. There are no family relationships between Mr. Corrado and any director or executive officer of the Company. Mr. Corrado does not have a direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K. Mr. Corrado’s compensation was changed to $300,000 in connection with this appointment.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| APPTECH PAYMENTS CORP. | ||
| Date: July 10, 2026 | By: | /s/ Felipe Corrado |
| Felipe Corrado | ||
| CFO / interim CEO | ||
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