WEX Inc. Files 2024 DEF 14A Proxy Statement

Ticker: WEX · Form: DEF 14A · Filed: 2024-04-23T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

TL;DR

WEX proxy filing out - check exec pay & governance before annual meeting.

AI Summary

WEX Inc. filed its DEF 14A on April 23, 2024, for the fiscal year ending December 31, 2023. The filing details executive compensation and other corporate governance matters. Key financial data from previous years, including 2020, 2021, 2022, and 2023, are referenced within the filing.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation and company governance, enabling informed voting decisions at the upcoming annual meeting.

Risk Assessment

Risk Level: low — This is a routine proxy filing (DEF 14A) detailing executive compensation and corporate governance, not a filing that typically indicates immediate financial risk.

Key Numbers

2023 — Fiscal Year End (The filing covers the fiscal year ending December 31, 2023.)
2022 — Previous Fiscal Year (Data from 2022 is included for comparison.)
2021 — Previous Fiscal Year (Data from 2021 is included for comparison.)
2020 — Previous Fiscal Year (Data from 2020 is included for comparison.)

Key Players & Entities

WEX Inc. (company) — Filer of the DEF 14A
0001309108-24-000108 (dollar_amount) — Accession Number for the filing
20240423 (dollar_amount) — Filing date
20240509 (dollar_amount) — Period of report
1 HANCOCK STREET (dollar_amount) — Company's business and mailing address
PORTLAND, ME (dollar_amount) — Company's business and mailing address
Wright Express CORP (company) — Former company name

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a proxy statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation.

When was this DEF 14A filing submitted by WEX Inc.?

WEX Inc. filed this DEF 14A on April 23, 2024.

What is the fiscal year end for WEX Inc. as indicated in the filing?

The fiscal year end for WEX Inc. is December 31.

What was WEX Inc.'s former company name?

WEX Inc.'s former company name was Wright Express CORP.

Where is WEX Inc. headquartered?

WEX Inc.'s business and mailing address is 1 Hancock Street, Portland, ME.

From the Filing

0001309108-24-000108.txt : 20240423 0001309108-24-000108.hdr.sgml : 20240423 20240423164700 ACCESSION NUMBER: 0001309108-24-000108 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 86 CONFORMED PERIOD OF REPORT: 20240509 FILED AS OF DATE: 20240423 DATE AS OF CHANGE: 20240423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEX Inc. CENTRAL INDEX KEY: 0001309108 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 010526993 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32426 FILM NUMBER: 24865439 BUSINESS ADDRESS: STREET 1: 1 HANCOCK STREET CITY: PORTLAND STATE: ME ZIP: 04101 BUSINESS PHONE: (207) 773-8171 MAIL ADDRESS: STREET 1: 1 HANCOCK STREET CITY: PORTLAND STATE: ME ZIP: 04101 FORMER COMPANY: FORMER CONFORMED NAME: Wright Express CORP DATE OF NAME CHANGE: 20041118 DEF 14A 1 wex-20240422.htm DEF 14A wex-20240422 0001309108 DEF 14A FALSE 0001309108 2023-01-01 2023-12-31 iso4217:USD iso4217:USD xbrli:shares 0001309108 2022-01-01 2022-12-31 0001309108 2021-01-01 2021-12-31 0001309108 2020-01-01 2020-12-31 0001309108 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2023-01-01 2023-12-31 0001309108 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2023-01-01 2023-12-31 0001309108 ecd:PeoMember ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember 2023-01-01 2023-12-31 0001309108 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001309108 ecd:NonPeoNeoMember ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2023-01-01 2023-12-31 0001309108 ecd:NonPeoNeoMember ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember 2023-01-01 2023-12-31 0001309108 3 2023-01-01 2023-12-31 0001309108 1 2023-01-01 2023-12-31 0001309108 2 2023-01-01 2023-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Rule 14a-101) SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) þ Filed by the Registrant ¨ Filed by a Party other than the Registrant CHECK THE APPROPRIATE BOX: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) þ Definitive Proxy Statement ¨ Definitive Additional Materials ¨ Soliciting Material Pursuant to Section 240.14a-12 WEX Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY): þ   No fee required. ¨ Fee paid previously with preliminary materials. ¨ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.                          PROXY STATEMENT SUMMARY This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information that you should consider, and you should read the entire Proxy Statement carefully before voting. Page references are supplied to help you find further information in this Proxy Statement. This proxy statement is furnished in connection with the solicitation of proxies by and on behalf of the Board of Directors of WEX Inc. for use at the Annual Meeting of Stockholders, to be held virtually at https://web.lumiagm.com/289188153 , password wex2024, on May 9, 2024, at 8:00 a.m. EDT, and any postponement or adjournment thereof. In accordance with rules and regulations adopted by the Securities and Exchange Commission (“SEC”), we have elected to provide our stockholders access to our proxy materials on the Internet (https://ir.wexinc.com/financials/annual-reports-proxy-esg/default.aspx). This prox