8-KLeadership ChangesExhibits & Filings

CORPAY, INC. 8-K Report, Executive Changes (Jan 27, 2023)

Filed January 27, 2023For Securities:CPAY

Summary

CORPAY, INC. (CPAY), formerly FLEETCOR Technologies, Inc., announced a significant change in its Board of Directors composition on January 27, 2023. The company has appointed Annabelle Bexiga as a new director, effective immediately, while veteran board member Mark Johnson retires after 19 years of service. Ms. Bexiga's appointment strengthens the board with her extensive technology and financial services background, most notably her prior roles as Chief Information Officer at AIG and TIAA. This transition brings valuable expertise in information technology and security, with Ms. Bexiga joining the company's Information Technology and Security Committee. Her appointment is considered independent and is not tied to any specific undisclosed arrangements. Investors can view this as a move to enhance board oversight and strategic guidance, particularly in areas critical to the company's operational and technological future. Ms. Bexiga will receive the standard compensation for non-employee directors.

Key Highlights

  • 1Appointment of Annabelle Bexiga to the Board of Directors.
  • 2Retirement of Mark Johnson after 19 years of service.
  • 3Ms. Bexiga brings substantial experience in technology and financial services, including CIO roles at AIG and TIAA.
  • 4Ms. Bexiga will serve on the Information Technology and Security Committee.
  • 5Ms. Bexiga is considered an independent director by NYSE and company standards.
  • 6Ms. Bexiga's appointment is effective immediately.
  • 7Ms. Bexiga will receive the company's standard non-employee director compensation.

Frequently Asked Questions

Annabelle Bexiga is a newly appointed member of CORPAY, INC.'s Board of Directors. She has a distinguished career in technology and finance, having previously served as Chief Information Officer (CIO) for AIG (2015-2017) and TIAA (2010-2015). She also held leadership roles at Bain Capital and JP Morgan and sits on several other public and private company boards.

Mark Johnson is retiring from the Board of Directors after a significant tenure of 19 years. The filing does not specify the reasons for his retirement beyond it being a retirement.

Ms. Bexiga will be joining CORPAY's Information Technology and Security Committee. This is significant as her extensive background in technology leadership, particularly in roles like CIO, can bring valuable insights and oversight to the company's IT strategy, cybersecurity measures, and technological innovation.

Ms. Bexiga's appointment was not based on any undisclosed arrangements with the company. She will receive CORPAY's standard compensation package for non-employee directors, beginning in January 2023, and has entered into the company's standard indemnification agreement.