Impactive seeks WEX board seats as company urges shareholders back nine director nominees

WEX Inc. +0.34%

WEX Inc.

WEX

158.32

+0.34%

  • WEX set May 5, 2026 as date for annual shareholder meeting, setting up contested board vote after hedge fund Impactive nominated three director candidates.
  • Board urged shareholders to back only WEX slate of nine directors, warning investors not to sign Impactive white universal proxy card.
  • Company flagged potential regulatory risk to activist campaign, citing FDIC and Utah Department of Financial Institutions notice that Impactive may need prior approval for its proxy solicitation.
  • Proxy fight also includes advisory vote on fiscal 2025 executive pay, with board recommending a “for” vote.
  • Auditor ratification vote remains on ballot, with board recommending Deloitte & Touche for 2026.


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