WEX Inc. Files 8-K: Material Agreement & Shareholder Vote

TL;DR

WEX filed an 8-K for a new deal and shareholder vote. Big moves ahead.

AI Summary

On May 9, 2024, WEX Inc. entered into a Material Definitive Agreement related to a financial obligation. The company also submitted matters to a vote of its security holders. This filing includes financial statements and exhibits.

Why It Matters

This filing indicates significant corporate actions by WEX Inc., including a new definitive agreement and a shareholder vote, which could impact the company's financial obligations and strategic direction.

Risk Assessment

Risk Level: medium — The filing involves a material definitive agreement and a submission to a vote of security holders, suggesting potentially significant corporate actions that could carry inherent risks.

Key Players & Entities

• WEX Inc. (company) — Registrant
• May 9, 2024 (date) — Date of earliest event reported
• 1 Hancock Street, Portland, Maine 04101 (address) — Principal executive offices
• 207) 733-8171 (phone_number) — Registrant's telephone number

FAQ

From the Filing

0001628280-24-023337.txt : 20240515 0001628280-24-023337.hdr.sgml : 20240515 20240514184637 ACCESSION NUMBER: 0001628280-24-023337 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240509 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240515 DATE AS OF CHANGE: 20240514 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32426 FILM NUMBER: 24946405 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 8-K 1 wex-20240509.htm 8-K wex-20240509 0001309108 False 0001309108 2024-05-09 2024-05-09 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) May 9, 2024 WEX Inc. (Exact name of registrant as specified in its charter) Delaware 001-32426 01-0526993 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1 Hancock Street , Portland , Maine 04101 Address of principal executive offices Zip Code Registrant's telephone number, including area code (207) 733-8171 (Former name or former address if changes since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value WEX New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ Item 1.01    Entry Into a Material Definitive Agreement. On May 10, 2024, WEX Inc. (the “Company”) and certain of its subsidiaries entered into the Fifth Amendment to Amended and Restated Credit Agreement (the “Fifth Amendment”), which amends that certain Amended and Restated Credit Agreement, dated as of April 1, 2021, by and among the Company and certain of its subsidiaries identified therein, the lenders party thereto from time to time, and Bank of America, N.A., as administrative agent on behalf of the lenders (as amended by the First Amendment to Amended and Restated Credit Agreement dated April 24, 2023, the