{"id":954752,"date":"2026-04-27T08:54:27","date_gmt":"2026-04-27T12:54:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/iss-joins-glass-lewis-and-egan-jones-by-supporting-impactives-case-for-change-at-wex\/"},"modified":"2026-04-27T08:54:27","modified_gmt":"2026-04-27T12:54:27","slug":"iss-joins-glass-lewis-and-egan-jones-by-supporting-impactives-case-for-change-at-wex","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iss-joins-glass-lewis-and-egan-jones-by-supporting-impactives-case-for-change-at-wex\/","title":{"rendered":"ISS Joins Glass Lewis and Egan-Jones by Supporting Impactive\u2019s Case for Change at WEX"},"content":{"rendered":"

<\/p>\n

ISS Joins Glass Lewis and Egan-Jones by Supporting Impactive\u2019s Case for Change at WEX<\/b><\/p>\n

All Three Proxy Advisory Firms Have Now Recommended For Impactive Nominees and Highlighted the Need for Greater Independent Oversight in the WEX Boardroom<\/i><\/p>\n

ISS Recommends Shareholders Vote FOR Impactive Nominees Kurt Adams and Lauren Taylor Wolfe and WITHHOLD<\/span> Support on WEX Directors Nancy Altobello and Stephen Smith<\/i><\/p>\n

Highlights the \u201cDisconnect\u201d Between Board\u2019s Portrayal of Performance and Company Track Record That Raises \u201cCredible Questions\u201d About Its Willingness to Hold Management Accountable<\/i><\/p>\n

Concludes WEX Board Would Benefit From the Addition of a Significant Shareholder Representative, Greater Independence and Enhanced Industry Experience<\/i><\/p>\n

Impactive Urges Shareholders to Vote on the WHITE Proxy Card to Elect All Three of Its Highly Qualified Nominees<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\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 announced today that leading proxy advisory firm Institutional Shareholder Services Inc. (\u201cISS\u201d) has recommended that shareholders vote on the WHITE proxy card FOR the election of Impactive director nominees Kurt Adams and Lauren Taylor Wolfe to the Company\u2019s Board of Directors (the \u201cBoard\u201d) and WITHHOLD on director Nancy Altobello and Compensation Committee Chair Stephen Smith.<\/p>\n

\nISS’s recommendation follows reports published by Glass, Lewis & Co., LLC (“Glass Lewis”) and Egan-Jones Ratings Company (“Egan-Jones”), both of which also endorsed Impactive\u2019s case for change at WEX.<\/p>\n

\nImpactive stated:<\/p>\n

\n\u201cISS\u2019s recommendation reinforces that meaningful boardroom change at WEX is the only way to reverse the ongoing pattern of missed opportunities, failed governance and lost shareholder value that has defined the Company for far too long. All three independent and objective proxy advisory firms have rejected WEX\u2019s personal attacks and validated the substantive case for change. ISS, Glass Lewis and Egan-Jones emphasize the importance of having a direct shareholder representative on the Board, along with the need for stronger independence, governance and oversight of management. Electing all three of Impactive\u2019s nominees \u2013 Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe \u2013 is the surest path to ensuring that the necessary skills, objectivity and accountability will be present in the boardroom to unlock the Company\u2019s full value for all shareholders.\u201d<\/p>\n

\nISS highlighted WEX\u2019s financial underperformance and capital allocation issues, with a particular focus on the disconnect between how the Board has portrayed performance versus the reality for shareholders, stating:1<\/sup><\/p>\n