Meridian (NASDAQ: MRDN) pushes acquisition payments to 2031 and trims salary

What happened

Meridian Holdings Inc. (NASDAQ: MRDN) said on September 28, 2026, that it amended the deal to push the remaining payments to November 1, 2031. The company said $10 million of the 12 Month Non-Contingent Post-Closing Cash Consideration and $9.37 million of the 18 Month amount had already been paid in cash or stock.

The remaining $625,672 is due by November 1, 2031. Meridian can pay it earlier if it wants, and it will not accrue interest. The company also amended the promissory notes tied to the purchase so they now mature on November 1, 2031. Ordinary interest stops unless there is a default, and monthly interest payments stop.

On October 2, 2026, Meridian promoted Zhe Scott Yan to Chief Accounting Officer, Principal Financial Officer and Principal Accounting Officer. Yan has served as the company’s financial accounting manager since February 2022 and as a financial consultant since June 2019. William Scott stopped serving as Principal Financial Officer and Principal Accounting Officer that day but remains President, Chief Financial Officer, Treasurer and Chairman of the Board of Directors.

Separately, on September 29, 2026, Meridian Serbia and Zoran Milo evi amended his employment agreement. His base salary falls from $396,000 to $216,000 a year. The company also removed the stock-pay option and the 10% annual increase. The salary change is effective January 1, 2026.

Key numbers

Metric	Latest	Change	Source
12 Month Non-Contingent Post-Closing Cash Consideration paid	$10 million		Tenth Amendment to Purchase Agreement
18 Month Non-Contingent Post-Closing Cash Consideration paid	$9.37 million		Tenth Amendment to Purchase Agreement
Remaining unpaid 18 Month Non-Contingent Post-Closing Cash Consideration	$625,672		Tenth Amendment to Purchase Agreement
Promissory Notes principal	$15 million		SEC 8-K
Zoran Milo evi base salary	$216,000 per year	from $396,000 per year, -45.5%	SEC 8-K

Read more: Meridian (MRDN) stock analysis and investment case

Why it matters

OptimistFi’s case is that Meridian can compound only if revenue growth comes from durable demand, not spending that weighs on the model. This filing is mixed for that view. It pushes deferred acquisition payments and the promissory notes to November 1, 2031, and it does so without ordinary interest, which may reduce near-term cash pressure.

The salary cut is also a clear cost reduction. Zoran Milo evi’s base pay drops 45.5%, from $396,000 to $216,000 a year. But the remaining $625,672 is still owed, so the amendment changes timing more than it removes the obligation.

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What's next

The remaining $625,672 and the promissory notes are due on or before November 1, 2031, unless Meridian pays the cash balance sooner. If it does, that would clear the deferred balance earlier. If not, the obligation stays in place until that date.

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