Reported about 24 hours ago
Impactive Capital is preparing for a proxy fight at WEX Inc., aiming to nominate at least four directors to the board in 2026. The activist investor, holding about 7% of WEX, has expressed concern over the company's 30% share price decline and its overall performance. Despite previous discussions with WEX management, Impactive feels its requests for business simplification and better shareholder alignment have been overlooked.
Source: YAHOO