On February 9, 2026, Impactive Capital, LP contended that at WEX Inc., board level change is required to address alarming share price underperformance, culture of entrenchment and widening valuation gap versus its closest peer, and it has nominated 4 candidates Kurt Adams, Ellen Alemany, Ken Cornick and Lauren Taylor Wolfe, for election to the Company Board of Directors at the 2026 annual meeting of stockholders. In addition, Impactive Capital, LP stated that Company shareholders claim the Board?s failure to hold management accountable for investment returns has allowed underperformance to become the status quo, and Company?s 2025 operating margins trailed peer Corpay by over 18 points, with organic growth and margins remaining significantly lower despite management's celebrated marketing spend. Further, Impactive Capital stating that it by electing its nominees, shareholders will be adding to the Board independent, objective directors with the skills, experience and shareholder-aligned perspectives to help the Company realize its value potential for all stakeholders.
Furthermore, Impactive Capital stating that it is looking forward to engaging with the Company shareholders in the near-term.
