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0001017655
0001017655
2026-05-12
2026-05-12
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 12, 2026
(Exact Name of Registrant as Specified in Charter)
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Delaware
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0-28720
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73-1479833
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(State or Other Jurisdiction
of Incorporation
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(Commission
File Number)
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(IRS Employer
Identification No.)
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P.O. Box 17
Southborough, MA
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01772
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (617) 861-6050
n/a
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Type of each Class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common
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PAYD
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n/a
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) of Rule 12B-2 of the Securities Exchange act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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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.
(d) Mr. Lance Healy has been appointed as a Director of the Company on May 11, 2026 to fill a vacancy created by the recent departure of a prior director. Mr. Healy, age 53, has 30 years of experience in freight technology and transportation infrastructure, including leadership in LTL automation, carrier APIs, shipment execution systems, and logistics data intelligence. Mr. Healy currently serves as Co-Founder and CEO of Freight Facts, a platform focused on improving operational visibility and accountability across the freight ecosystem through aggregated carrier data and analytics. He is the Co-Founder and former President of Banyan Technology, one of the early pioneers in LTL shipping technology and carrier connectivity.
Mr. Healy’s extensive background in freight operations, pricing intelligence, carrier optimization, and logistics technology will support the Company’s ongoing efforts to strengthen its freight and enterprise logistics capabilities as demand continues growing across North American shipping markets, assisted the Board in reaching the conclusion that Mr. Healy should serve as Director.
Mr. Healy is not a member of any committee at this time. As a Class I director, Mr. Healy shall serve as Director through April 17, 2029 or his successor is duly elected, earlier upon his resignation, retirement or termination. There are no arrangements or understandings between Mr. Healy and any other person pursuant to which Mr. Healy was selected as Director.
Mr. Healy will be compensation $10,000 per year and he receive option to purchase 20,000 shares of common stock annually.
Mr. Healy is not related to any other director or executive officer of the Company. Mr. Healy has not been involved in any transaction during the past two years in which the Company was a participant and the amount involved exceeds $120,000 and in which Mr. Healy had or would have a direct or indirect material interest.
Mr. Healy is not a party to or a participant in any material plan, contract or arrangement (whether or not written) that is entered into or any material amendment in connection with a triggering event or entitled to any grant or award under any such plan, contract or arrangement in connection with any such triggering event.
A press release related to this matter, dated May 11, 2026 is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
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(d)
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Exhibits
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See Exhibit Index attached hereto.
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EXHIBIT INDEX
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Exhibit
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Description
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99.1
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Press release dated May 11, 2026
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PAID, INC.
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Date: May 12, 2026
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By:
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/s/ W. Austin Lewis, IV
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W. Austin Lewis, IV, CEO
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Exhibit 99.1
Paid Inc. Appoints Freight Technology Veteran Lance Healy to Board of Directors
MARLBOROUGH, MA - May 11, 2026
Paid Inc. (OTC:PAYD), together with its subsidiary ShipTime Canada Inc., a leading logistics technology platform offering advanced shipping and freight solutions across North America, is pleased to announce the appointment of Lance Healy to its Board of Directors.
The appointment supports ShipTime’s continued expansion across parcel, LTL, FTL, fulfillment, and cross-border logistics as the company continues investing in enterprise-grade shipping infrastructure and freight technology capabilities across North America.
As shipping operations become increasingly complex, businesses are looking for greater visibility, automation, operational flexibility, and stronger connectivity across both parcel and freight transportation. ShipTime continues expanding its platform to address these evolving logistics demands by bringing together shipping, freight, fulfillment, analytics, and carrier connectivity within one unified system.
Healy brings more than 30 years of experience in freight technology and transportation infrastructure, including leadership in LTL automation, carrier APIs, shipment execution systems, and logistics data intelligence. He is the Co-Founder and former President of Banyan Technology, one of the early pioneers in LTL shipping technology and carrier connectivity.
His experience across freight operations, pricing intelligence, carrier optimization, and logistics technology will support ShipTime’s ongoing efforts to strengthen its freight and enterprise logistics capabilities as demand continues growing across North American shipping markets.
“ShipTime continues to evolve into a broader logistics operating platform that supports businesses across multiple modes of shipping and fulfillment,” said Austin Lewis, CEO of Paid Inc. and ShipTime Canada Inc. “Lance brings decades of practical experience across freight technology, carrier systems, and logistics infrastructure. His industry knowledge and strategic insight will help support the next stage of ShipTime’s growth as we continue expanding our freight, fulfillment, and enterprise logistics capabilities.”
Healy currently serves as Co-Founder and CEO of Freight Facts, a platform focused on improving operational visibility and accountability across the freight ecosystem through aggregated carrier data and analytics.
“ShipTime has built a strong logistics foundation that combines technology, carrier access, and operational flexibility into one platform,” said Lance Healy. “The opportunity to continue expanding visibility, automation, and freight connectivity across North American logistics is significant, and I’m excited to support the company as it continues building for long-term growth.”
Exhibit 99.1
About Paid
Paid Inc. (OTC:PAYD) is a North American logistics and technology company focused on building integrated infrastructure that supports shipping, fulfillment, freight, and eCommerce operations. Through its portfolio of logistics technology solutions, including ShipTime, Paid supports businesses with tools designed to improve operational efficiency, logistics visibility, and scalable growth across modern supply chains.
About ShipTime
ShipTime is a full-service logistics platform designed for product-oriented businesses, providing access to multiple couriers and carriers across parcel and freight shipping. From envelopes and packages to LTL and FTL freight, ShipTime enables businesses to manage shipping operations within one unified system.
With built-in tools for rate comparison, shipment management, tracking, analytics, and automation, ShipTime supports improved visibility, operational control, and more efficient logistics performance. The platform integrates with leading eCommerce systems and offers enterprise-grade shipping infrastructure with no monthly fees or volume commitments.
