[8-K] Deluxe Corporation Reports Material Event
Deluxe Corporation appointed Michelle T. Collins to its Board of Directors effective August 20, 2025. The Board unanimously elected Ms. Collins and determined she qualifies as an independent director under NYSE and the Company standards. She was also designated an audit committee financial expert under SEC rules and as a financial expert under NYSE rules. Ms. Collins will serve on the Companys Audit and Finance Committee and on a second committee to be named later.
Ms. Collins previously served as Vice Chair and a member of Deloittes U.S. Board of Directors, chaired Deloittes Governance Committee and Finance and Audit Committee, and has experience in business transformations, M&A, enterprise risk management, financial accounting and SEC compliance. She holds a bachelors degree in accounting from Western Michigan University, is a Certified Public Accountant, and also serves on the Owens Corning board. She will stand for re-election at Deluxes 2026 Annual Meeting. The filing furnishes a press release as Exhibit 99.1.
- Unanimous board election adds a director approved by the full Board
- Designated audit committee financial expert under SEC rules, strengthening financial reporting oversight
- Meets NYSE and company independence standards, reinforcing independent governance
- Relevant experience including Deloitte board leadership and audit/finance committee chair roles
- Will serve on Audit and Finance Committee, aligning role with expertise
- Will stand for re-election at 2026 Annual Meeting, providing shareholder confirmation opportunity
- None.
Insights
TL;DR: Addition strengthens board independence and governance oversight, with formal designation as an audit committee financial expert.
The unanimous election of Michelle T. Collins reinforces Deluxes board independence by adding a director the Board explicitly found to meet NYSE and company independence standards. Her prior board leadership at Deloitte, including chairing governance and finance/audit committees, signals relevant governance experience. The Boards determination that she is an audit committee financial expert provides a clear compliance and oversight benefit for financial reporting and audit liaison responsibilities. Her role on Audit and Finance committees aligns with her background and suggests immediate contribution to financial oversight and SEC reporting governance.
TL;DR: Appointment adds material accounting and audit expertise likely to bolster financial oversight and risk management.
Ms. Collins certification as a CPA and her experience chairing Deloittes Finance and Audit Committee indicate substantive technical skills in accounting, audit processes, and SEC compliance. Serving on both the Audit and Finance Committee positions her to influence controls, financial reporting quality, and oversight of external auditors. The filing notes no changes to financial statements or reporting policies, but the board-level appointment of an audit committee financial expert is a notable governance development for investors concerned with reporting integrity and oversight.