---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-029483"
form_type: "8-K"
ticker: "CPAY"
cik: "0001175454"
company_name: "CORPAY, INC."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:13:55.772020+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FLEETCOR sells Russia business, launches $450M accelerated share repurchase

## Summary
- Sale of all Russia operations to a local investment group; financial terms not disclosed.
- Entered $450M ASR with Bank of America to repurchase common stock under existing authorization.
- Approximately 80% of ASR shares to be received on August 21, 2023.
- Final repurchase amount based on discount to VWAP during ASR period; completion by end of Q3 2023.
- CEO Ron Clarke stated the company is now completely out of the Russian market.

## SEC filing metadata
- accession: 0001628280-23-029483
- form_type: 8-K
- ticker: CPAY
- cik: 0001175454
- company_name: CORPAY, INC.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175454/000162828023029483/0001628280-23-029483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175454/000162828023029483/flt-20230815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-029483
- JSON: https://secwatch.observer/filing/0001628280-23-029483.json
- Plain text: https://secwatch.observer/filing/0001628280-23-029483.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.