Impactive Capital Achieves Hugely Successful Outcome in Proxy Contest at WEX Inc. with Agreement That Calls for All Three Impactive Nominees to Join the Board

Reuters, The Deal (subscription required) Yahoo! Finance, Stock Titan, Investing.com and other media outlets reported on Olshan client Impactive Capital’s hugely successful agreement with WEX Inc. that resolved a highly contested proxy in advance of WEX's 2026 annual board meeting. Under the agreement, all three of Impactive’s director nominees, Lauren Taylor Wolfe, Kurt Adams and Ellen Alemany, will be elected to the WEX’s board. The company also agreed to separate the roles of Chief Executive Officer and Chair of the Board, with Melissa Smith continuing as Chief Executive Officer and as a director. The agreement follows a multi-year proxy contest and shareholder engagement campaign by Impactive, which sought board representation and governance reform. The matter was resolved on the eve of the annual meeting, avoiding a shareholder vote. Olshan Co-Managing Partner and Chair of the firm’s Shareholder Activism Practice Andrew Freedman led the representation of the Impactive team that included Shareholder Activism partner Dorothy Sluszka, associates Andrew Astore and Darin Mathew and law clerk Calli Schmitt.