Celebrating the Legacy of Dr. Peter Kirby at Usio, Inc.

Usio, Inc. Reflects on the Impact of Dr. Peter Kirby

Usio, Inc. (Nasdaq: USIO), a pioneering provider of integrated FinTech electronic payment solutions, is mourning the loss of a remarkable individual, Dr. Peter Kirby. Renowned for his extensive contributions, Dr. Kirby was the longest-serving board member, and his recent passing leaves a profound impact on the organization.

A Fond Remembrance

Louis Hoch, Vice-Chairman, President, and CEO of Usio, expressed deep sorrow over Dr. Kirby’s death. Hoch described their long-standing relationship, which spanned nearly 36 years, highlighting the invaluable mentorship and friendship that Dr. Kirby provided. Their connection began at Our Lady of the Lake University, where Dr. Kirby’s guidance was instrumental in Hoch’s academic journey.

Dr. Kirby's Contributions to Usio

Throughout his 15 years on the Usio Board, from 2001 to 2016, Dr. Kirby played a pivotal role in shaping the company’s governance framework. He was crucial to establishing the audit committee and related governance structures, which prepared Usio for its uplisting to Nasdaq in 2015.

Innovative Strategic Management

Dr. Kirby was known for his strategic management approach that helped simplify complex planning processes. He introduced a unique methodology known as 'MCGO,' which stood for Mission, Commitment, Goals, and Opportunities. This framework not only facilitated alignment among stakeholders but also contributed significantly to Usio's operational success.

Posthumous Recognition

To honor Dr. Kirby’s lasting legacy, the Usio board of directors convened in a special meeting shortly after his passing. They unanimously voted to award him the prestigious title of Director Emeritus, a testament to his profound influence on the company’s directions and achievements.

About Usio, Inc.

As a leading cloud-based payments technology provider, Usio, Inc. offers extensive electronic payment solutions to a diverse clientele that includes merchants, banks, and service bureaus. The company provides a vast array of services, including credit and debit card processing, ACH processing, and innovative prepaid card solutions. Usio Output Solutions further enhances the company’s offerings by delivering electronic bill presentment and high-quality document management services. With a commitment to tailored solutions, Usio continues to support its clients effectively.

Continuing the Legacy

Usio's steadfast dedication to innovation and client service ensures that Dr. Kirby's contributions will continue to resonate within the organization. The company remains focused on advancing its strategic goals and upholding the values instilled by its late board member.

Contact Information

For more information about Usio, Inc., please reach out to Paul Manley, Senior Vice President of Investor Relations, at 612.834.1804 or via email at paul.manley@usio.com.

Frequently Asked Questions

What was Dr. Kirby's role at Usio, Inc.?

Dr. Peter Kirby served as a board member for Usio, Inc. from 2001 until his retirement in 2016, making significant contributions to the company’s governance and strategy.

How did Usio honor Dr. Kirby after his passing?

The board of directors unanimously voted to bestow upon Dr. Kirby the title of Director Emeritus in recognition of his enduring impact on the company.

What unique methodology did Dr. Kirby develop?

Dr. Kirby introduced the 'MCGO' methodology, emphasizing Mission, Commitment, Goals, and Opportunities, to aid organizations in strategic planning.

What services does Usio provide?

Usio offers a variety of payment solutions, including credit and debit card processing, ACH processing, and document management services tailored to meet client needs.

Who can I contact for more information about Usio?

For additional inquiries, you may contact Paul Manley at 612.834.1804 or email him at paul.manley@usio.com.

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