{"id":950548,"date":"2026-04-10T13:33:06","date_gmt":"2026-04-10T17:33:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/"},"modified":"2026-04-10T13:33:06","modified_gmt":"2026-04-10T17:33:06","slug":"impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/","title":{"rendered":"Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadl0 { padding-left: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwuline { text-decoration: underline }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX<\/b><\/p>\n<p class=\"bwalignc\"><i>Details How Board\u2019s Failed Oversight and Poor Governance, Combined with WEX\u2019s Persistent Underperformance, Have Contributed to Widening Valuation Gap Compared with Closest Peer<\/i><\/p>\n<p class=\"bwalignc\"><i>Highlights That Nominees Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe Bring Critical Industry Experience and Ownership Mentality Needed to Improve Oversight, Drive Operational Performance and Enhance Capital Allocation<\/i><\/p>\n<p class=\"bwalignc\"><i>Visit <\/i><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.WakeUpWEX.com&amp;esheet=54492833&amp;newsitemid=20260410467890&amp;lan=en-US&amp;anchor=www.WakeUpWEX.com&amp;index=1&amp;md5=1e6f2018983b103abfaa73936e8ba744\"><i>www.WakeUpWEX.com<\/i><\/a><i> for More Information<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nImpactive Capital, LP (\u201cImpactive\u201d or \u201cwe\u201d), together with its affiliates, is one of the largest shareholders of WEX Inc. (NYSE: WEX) (the \u201cCompany\u201d or \u201cWEX\u201d) with an ownership interest of approximately 4.9%. Impactive today announced that it has filed definitive proxy materials in connection with the Company\u2019s Annual Meeting of Stockholders (the &#8220;Annual Meeting&#8221;), which is currently scheduled for May 5, 2026.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260410467890\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260410467890\/en\/<\/a><\/p>\n<p>\nAdditionally, Impactive sent a letter to shareholders detailing how the WEX Board of Directors (the \u201cBoard\u201d) has failed to respond to clear investor discontent, neglected to exercise adequate oversight of management, and taken desperate steps to entrench itself.<\/p>\n<p>\nIn its letter, Impactive highlights that Board change is needed to course correct and stem the years-long tide of underperformance by the Company, which has led to a severe undervaluation by the market. As Impactive points out, there is no reason why WEX, with the right strategy and operational execution, could not close the valuation gap to its closest competitor, Corpay.<\/p>\n<p>\nThe full text of the letter is available <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fimpactivecapital.s3.us-west-1.amazonaws.com%2FImpactive%2BLetter%2Bto%2BWex%2BShareholders%2BApril%2B10%2B2026.pdf&amp;esheet=54492833&amp;newsitemid=20260410467890&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=85978ad92e5107f2fba028345ba974ea\">here<\/a>.<\/p>\n<p>\nFor more information, including how to vote on Impactive\u2019s WHITE proxy card, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.WakeUpWEX.com&amp;esheet=54492833&amp;newsitemid=20260410467890&amp;lan=en-US&amp;anchor=www.WakeUpWEX.com&amp;index=3&amp;md5=0bb3f9fee3519c2a064bb48410be1800\">www.WakeUpWEX.com<\/a>.<\/p>\n<p class=\"bwalignc\"><b><span class=\"bwuline\">VOTE ON THE WHITE PROXY CARD TODAY FOR ALL OF IMPACTIVE\u2019S HIGHLY QUALIFIED DIRECTOR NOMINEES<\/span><\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwtopsingle bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>If you have any questions, require assistance in voting your WHITE universal proxy card, or need additional copies of Impactive\u2019s proxy materials, please contact:<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nOkapi Partners LLC<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n1212 Avenue of the Americas, 17th Floor<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nNew York, New York 10036<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nStockholders may call toll-free: (877) 285-5990<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwleftsingle bwrightsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nBanks and Brokers call: (212) 297-0720<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwleftsingle bwrightsingle bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\nE-mail: <a rel=\"nofollow\" href=\"mailto:info@okapipartners.com\">info@okapipartners.com<\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>ADDITIONAL INFORMATION<\/b><\/p>\n<p>\nImpactive Capital Master Fund LP, together with the other participants in its proxy solicitation (collectively, \u201cImpactive\u201d), has filed a definitive proxy statement and accompanying WHITE universal proxy card with the Securities and Exchange Commission (\u201cSEC\u201d) to be used to solicit proxies with respect to the election of Impactive\u2019s slate of highly qualified director candidates and the other proposals to be presented at the 2026 annual meeting of stockholders (the \u201cAnnual Meeting\u201d) of WEX Inc., a Delaware corporation (\u201cWEX\u201d or the \u201cCompany\u201d). Stockholders are advised to read the proxy statement and any other documents related to the solicitation of stockholders of the Company in connection with the Annual Meeting because they contain important information, including information relating to the participants in Impactive\u2019s proxy solicitation. These materials and other materials filed by Impactive with the SEC in connection with the solicitation of proxies are available at no charge on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54492833&amp;newsitemid=20260410467890&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.sec.gov&amp;index=4&amp;md5=e22304bc7f49294046b57378352930d7\">http:\/\/www.sec.gov<\/a>. The definitive proxy statement and other relevant documents filed by Impactive with the SEC are also available, without charge, by directing a request to Impactive\u2019s proxy solicitor, Okapi Partners LLC, at its toll-free number (877) 285-5990 or via email at <a rel=\"nofollow\" href=\"mailto:info@okapipartners.com\">info@okapipartners.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260410467890r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260410467890\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260410467890\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contacts:<br \/>\n<\/b><br \/>Bruce Goldfarb \/ Chuck Garske \/ Lisa Patel<br \/>\n<br \/>Okapi Partners<br \/>\n<br \/>(877) 285-5990<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@okapipartners.com\">info@okapipartners.com<br \/>\n<\/a><br \/>OR<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@impactivecapital.com\">info@impactivecapital.com<br \/>\n<\/a><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Longacre Square Partners<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:impactive@longacresquare.com\">impactive@longacresquare.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Professional Services Technology Asset Management Software<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX Details How Board\u2019s Failed Oversight and Poor Governance, Combined with WEX\u2019s Persistent Underperformance, Have Contributed to Widening Valuation Gap Compared with Closest Peer Highlights That Nominees Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe Bring Critical Industry Experience and Ownership Mentality Needed to Improve Oversight, Drive Operational Performance and Enhance Capital Allocation Visit www.WakeUpWEX.com for More Information NEW YORK&#8211;(BUSINESS WIRE)&#8211; Impactive Capital, LP (\u201cImpactive\u201d or \u201cwe\u201d), together with its affiliates, is one of the largest shareholders of WEX Inc. (NYSE: WEX) (the \u201cCompany\u201d or \u201cWEX\u201d) with an ownership interest of approximately 4.9%. Impactive today announced that it has filed definitive proxy &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-950548","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX Details How Board\u2019s Failed Oversight and Poor Governance, Combined with WEX\u2019s Persistent Underperformance, Have Contributed to Widening Valuation Gap Compared with Closest Peer Highlights That Nominees Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe Bring Critical Industry Experience and Ownership Mentality Needed to Improve Oversight, Drive Operational Performance and Enhance Capital Allocation Visit www.WakeUpWEX.com for More Information NEW YORK&#8211;(BUSINESS WIRE)&#8211; Impactive Capital, LP (\u201cImpactive\u201d or \u201cwe\u201d), together with its affiliates, is one of the largest shareholders of WEX Inc. (NYSE: WEX) (the \u201cCompany\u201d or \u201cWEX\u201d) with an ownership interest of approximately 4.9%. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/","og_locale":"en_US","og_type":"article","og_title":"Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX - Market Newsdesk","og_description":"Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX Details How Board\u2019s Failed Oversight and Poor Governance, Combined with WEX\u2019s Persistent Underperformance, Have Contributed to Widening Valuation Gap Compared with Closest Peer Highlights That Nominees Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe Bring Critical Industry Experience and Ownership Mentality Needed to Improve Oversight, Drive Operational Performance and Enhance Capital Allocation Visit www.WakeUpWEX.com for More Information NEW YORK&#8211;(BUSINESS WIRE)&#8211; Impactive Capital, LP (\u201cImpactive\u201d or \u201cwe\u201d), together with its affiliates, is one of the largest shareholders of WEX Inc. (NYSE: WEX) (the \u201cCompany\u201d or \u201cWEX\u201d) with an ownership interest of approximately 4.9%. Impactive today announced that it has filed definitive proxy &hellip; Continue reading \"Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/","og_site_name":"Market Newsdesk","article_published_time":"2026-04-10T17:33:06+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260410467890r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX","datePublished":"2026-04-10T17:33:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/"},"wordCount":633,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260410467890r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/impactive-capital-files-definitive-proxy-statement-and-sends-letter-to-shareholders-outlining-urgent-need-for-board-change-at-wex\/","name":"Impactive Capital Files Definitive Proxy Statement and Sends Letter to Shareholders Outlining Urgent Need for Board Change at WEX - 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