BuybackMay 14, 2026, 05:02 PM
WEX Inc. Authorizes $1.0 Billion Share Repurchase Program
AI Summary
WEX Inc. announced that its Board of Directors has authorized a new share repurchase program of up to $1.0 billion of the Company's common stock, with no expiration date. Additionally, at its annual meeting, stockholders elected all eleven nominated directors for one-year terms. Stockholders also approved the non-binding advisory proposal on the compensation of named executive officers and ratified Deloitte & Touche, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
Key Highlights
- WEX Inc. authorized a share repurchase program of up to $1.0 billion of its common stock.
- The share repurchase program has no expiration date.
- All eleven director nominees were elected to the Company's Board of Directors for one-year terms.
- Stockholders approved the non-binding advisory proposal on named executive officer compensation with 30,856,685 votes For.
- Deloitte & Touche, LLP was ratified as the independent registered public accounting firm for fiscal year 2026 with 31,265,486 votes For.
- Melissa Smith was re-elected to the Board with 31,174,350 votes For and 1,077,307 Withhold votes.