The resignation of a board member happening in conjunction with a CFO's decision to step down is unusual, but Stu Novick, analyst for the investment service Gimme Credit, says there doesn't appear to be part of a broader company problem.
"I don't think these things are ever perceived to be great for companies that are doing well, but I also don't think there is anything bad going on there," he said.
Novick noted that Disman won't step down right away. "The fact that she is sticking around and joining the board suggests to me that there’s nothing funny going on," he said.
A Shift4 spokesperson declined to comment on the CFO transition and the senior Isaacman's decision to step off the board.
The company’s payment volume was up 25% in the second quarter compared to the same quarter in 2024, according to the earnings report. That bodes well for the processor’s future, Novick said.
But Novick emphasized that Shift4's payment volume is still up 25% year-over-year, which bodes well for the company's future.
However, the payment processor faces potential headwinds in the event of economic uncertainty. The digital payments firm is known for working with restaurants, hotels and entertainment venues, such as sports stadiums, which rely on discretionary spending, making Shift4 particularly vulnerable to an economic downturn, he said.