WEX raises Q4 and FY 2021 guidance; CFO Simon resigns, Kimball appointed interim CFO

WEX Inc.

2021-FY EPS reported $0.00 revenue$1,850,542,000

CFO Roberto Simon resigned effective Dec 31, 2021 to pursue another opportunity; no disagreement, will advise through April 2022.
Jennifer Kimball (current CAO) named Interim CFO effective Jan 1, 2022; remains CAO; base salary of $400,000 plus bonus and RSU grant.
Q4 2021 revenue guidance raised to $485-$495M; adjusted EPS $2.45-$2.55 per diluted share.
Full year 2021 revenue guidance raised to $1.838-$1.848B; adjusted EPS $9.01-$9.11 per diluted share.
Company has initiated a search for a permanent CFO with Heidrick & Struggles.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed (interim)

Jennifer Kimball

Interim Chief Financial Officer

WEX · WEX Inc.

Effective: 2022-01-01
Filed: January 4, 2022, 6:59 PM ET

On January 1, 2022, the Board of Directors of the Company appointed Jennifer Kimball, the Company’s current Chief Accounting Officer, as the Interim Chief Financial Officer of the Company, effective immediately.

Departed

Roberto Simon

Chief Financial Officer

WEX · WEX Inc.

Effective: 2021-12-31
Successor: Jennifer Kimball
Filed: January 4, 2022, 6:59 PM ET

On December 29, 2021, Roberto Simon resigned his position as Chief Financial Officer of WEX Inc. (the “Company”), effective as of the end of the day on December 31, 2021

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jennifer Kimball was appointed as Interim Chief Financial Officer at WEX Inc..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On January 1, 2022, the Board of Directors of the Company appointed Jennifer Kimball, the Company’s current Chief Accounting Officer, as the Interim Chief Financial Officer of the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Roberto Simon resigned as Chief Financial Officer at WEX Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On December 29, 2021, Roberto Simon resigned his position as Chief Financial Officer of WEX Inc. (the “Company”), effective as of the end of the day on December 31, 2021

View on SEC.gov

WEX Inc. filing history →

Source: SEC EDGAR

accession 0001157523-22-000007

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