8-KOther EventsExhibits & Filings

CORPAY, INC. 8-K Report, Corporate Update (Jun 13, 2012)

Filed June 13, 2012For Securities:CPAY

Summary

Corpay, Inc. (formerly FleetCor Technologies, Inc.) filed an 8-K on June 13, 2012, to report on an Underwriting Agreement entered into on June 7, 2012. This agreement involves the sale of an aggregate of 6,750,000 shares of the Company's common stock by certain selling stockholders, including entities associated with Summit Partners and Bain Capital Partners, with Citigroup Global Markets Inc. acting as the underwriter. This filing signals a significant secondary offering of stock, likely aimed at facilitating liquidity for major pre-IPO investors. Investors should note that this event does not directly involve the issuance of new shares by the company itself but rather the sale of existing shares held by significant stakeholders. The news was disseminated through press releases on June 7 and June 8, 2012, announcing the offering and its commencement.

Key Highlights

  • 1Corpay, Inc. entered into an Underwriting Agreement on June 7, 2012.
  • 2The agreement pertains to a secondary offering of 6,750,000 shares of common stock.
  • 3Selling stockholders include entities associated with Summit Partners and Bain Capital Partners.
  • 4Citigroup Global Markets Inc. is named as the underwriter for the offering.
  • 5This is not an issuance of new shares by the company, but a sale of existing shares by significant investors.
  • 6The company issued press releases on June 7 and June 8, 2012, to announce the offering.
  • 7The filing is an 8-K, indicating a material event disclosure.

Frequently Asked Questions

This 8-K filing is primarily to report on the execution of an Underwriting Agreement for a secondary offering of Corpay, Inc.'s common stock. It discloses the details of the agreement, the number of shares being sold, and the parties involved.

No, this transaction involves the sale of existing shares of common stock by selling stockholders, including major investors like Summit Partners and Bain Capital Partners. Corpay, Inc. is not issuing new shares as part of this specific offering.

The main parties are Corpay, Inc. (the registrant), the selling stockholders (which include entities associated with Summit Partners and Bain Capital Partners), and Citigroup Global Markets Inc., acting as the underwriter.

The involvement of these prominent private equity firms as selling stockholders suggests they are seeking liquidity for their investment in Corpay, Inc. It indicates a significant stake held by these investors and potentially marks a step towards them reducing their ownership.