---
title: "Albert L. Lord named Executive Chairman as Thomas DeRosa and Anthony Shall have employment arrangements at AppTech Payments"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285779057.md"
description: "AppTech Payments has appointed Albert L. Lord as Executive Chairman and ratified employment agreements for CEO Thomas DeRosa and COO Anthony Shall, effective May 4, 2026. Lord will no longer be independent and has stepped down from the Compensation Committee. His annual salary is set at $384,000, while DeRosa and Shall will earn $240,000 each, with eligibility for bonuses and equity participation. The changes were formalized in an SEC filing."
datetime: "2026-05-08T21:33:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285779057.md)
  - [en](https://longbridge.com/en/news/285779057.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285779057.md)
---

# Albert L. Lord named Executive Chairman as Thomas DeRosa and Anthony Shall have employment arrangements at AppTech Payments

**AppTech Payments designated Albert L. Lord as Executive Chairman and ratified employment arrangements for CEO Thomas DeRosa and COO Anthony Shall, effective May 4, 2026.**

Individual

Albert L. Lord

Thomas DeRosa

Anthony Shall

Role

Executive Chairman (Board member)

Chief Executive Officer

Chief Operating Officer

Type of Change

Designated Executive Chairman; no longer independent; stepped down from Compensation Committee

Employment arrangement ratified / Continued in role

Employment arrangement ratified / Continued in role

Effective Date

May 4, 2026

May 4, 2026

May 4, 2026

Reason

Designation as Executive Chairman (per Board action)

Ratification/formalization of continuing employment

Ratification/formalization of continuing employment

Replacement Info

Not disclosed

Not disclosed

Not disclosed

Background Details

Not disclosed

Arrangement contemplates $384,000 annual base salary; eligibility for discretionary bonus and participation in equity incentive and benefit plans

Arrangement contemplates $240,000 annual base salary; eligibility for discretionary bonus and participation in equity incentive and benefit plans

Board/Committee Role Changes

Stepped down from Compensation Committee; will no longer be considered independent

Not disclosed

Not disclosed

Original SEC Filing: AppTech Payments Corp. \[ APCX \] - 8-K - May. 08, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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