{"id":866810,"date":"2025-07-07T08:17:44","date_gmt":"2025-07-07T12:17:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-reports-iss-recommends-oportun-stockholders-vote-for-findell-nominee-warren-wilcox-and-withhold-on-long-tenured-ceo-raul-vazquez-at-annual-meeting\/"},"modified":"2025-07-07T08:17:44","modified_gmt":"2025-07-07T12:17:44","slug":"findell-reports-iss-recommends-oportun-stockholders-vote-for-findell-nominee-warren-wilcox-and-withhold-on-long-tenured-ceo-raul-vazquez-at-annual-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/findell-reports-iss-recommends-oportun-stockholders-vote-for-findell-nominee-warren-wilcox-and-withhold-on-long-tenured-ceo-raul-vazquez-at-annual-meeting\/","title":{"rendered":"Findell Reports ISS Recommends Oportun Stockholders Vote FOR Findell Nominee Warren Wilcox and WITHHOLD on Long-Tenured CEO Raul Vazquez at Annual Meeting"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Leading Independent Proxy Advisory Firm Affirms Findell’s Case for Change at 2025 Annual Meeting, While Noting the Firm’s Prior Engagement was an Initial Step Toward Improving Oportun<\/i>
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\n Report from ISS Highlights Years of Poor Corporate Governance and Significant Share Price Underperformance Linked to Mr. Vazquez and his Boardroom Loyalists<\/i>
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\n Report Concludes the Election of Mr. Wilcox, an Experienced Director and Impartial Industry Veteran, Brings Clear Benefits, Making it Worthwhile to Remove a Poorly Performing CEO from an Insular Board<\/i>
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\n NEW YORK<\/span>
\n <\/span>, July 7, 2025<\/span><\/span> \/PRNewswire\/ — Findell Capital Partners, LP, (together with its affiliates, “Findell,” “we” or “us”) one of the largest stockholders of Oportun Financial Corporation (NASDAQ: OPRT) (“Oportun” or the “Company”), today announced that Institutional Shareholder Services Inc. (“ISS”) has recommended stockholders vote FOR<\/u><\/b> the election of its nominee, Warren Wilcox<\/span>, to the Company’s Board of Directors (the “Board”) at the 2025 Annual Meeting of Stockholders (the “Annual Meeting”). ISS also recommended stockholders vote WITHHOLD<\/u><\/b> on Chief Executive Officer (“CEO”) Raul Vazquez<\/span>, the long-standing architect of strategic plans that have resulted in an approximately 55% decline in Oportun’s stock price<\/u> since its 2019 initial public offering. Importantly, Findell urges stockholders to focus on the views of independent third-party sources and the irrefutable facts about Mr. Vazquez’s track record as a leader and steward \u2013 do not be fooled by the Board’s advisor-manufactured spin and stunts in the lead up to this month’s Annual Meeting.<\/p>\n

In its report, ISS criticized the actions of the Vasquez-friendly Board and endorsed Findell’s case for boardroom change at this year’s Annual Meeting, writing:1<\/sup><\/p>\n