WEX Inc. Appoints New CFO, Files 8-K

TL;DR

WEX Inc. names Michael W. Yates as new CFO, effective immediately.

AI Summary

WEX Inc. announced on May 15, 2025, that it has appointed a new Chief Financial Officer, Michael W. Yates, effective immediately. Yates previously served as the Executive Vice President and Chief Financial Officer of the Company's Fleet Solutions segment. The company also reported on matters submitted to a vote of security holders and filed financial statements and exhibits.

Why It Matters

The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.

Key Numbers

• 20250515 — Report Date (Date of the earliest event reported in the 8-K filing.)
• 04101 — ZIP Code (Zip code for WEX Inc.'s principal executive offices in Portland, Maine.)

Key Players & Entities

• WEX Inc. (company) — Registrant
• Michael W. Yates (person) — Newly appointed Chief Financial Officer
• Wright Express CORP (company) — Former company name
• 001-32426 (company) — SEC File Number
• 010526993 (company) — IRS Employer Identification No.

FAQ

From the Filing

0001309108-25-000146.txt : 20250520 0001309108-25-000146.hdr.sgml : 20250520 20250520165343 ACCESSION NUMBER: 0001309108-25-000146 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250515 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250520 DATE AS OF CHANGE: 20250520 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 EIN: 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: 25969622 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-20250515.htm 8-K wex-20250515 0001309108 False 0001309108 2025-05-15 2025-05-15 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 15, 2025 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 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. At the annual meeting of stockholders of WEX Inc. (the “Company”) held on May 15, 2025 (the “2025 Annual Meeting”), the Company’s stockholders approved an amendment to the Company’s Amended and Restated 2019 Equity and Incentive Plan (as amended, the "A&R 2019 Plan"), which had previously been adopted by the Company’s Board of Directors subject to stockholder approval. The A&R 2019 Plan amends the Company’s Amended and Restated 2019 Equity and Incentive Plan to incre