Summary
FLEETCOR Technologies, Inc. (FLT) announced a significant corporate rebranding, changing its name to Corpay, Inc. (CPAY), effective March 24, 2024. This name change is being effected through a statutory merger where a wholly-owned subsidiary merges into the parent company, thereby amending its Certificate of Incorporation. This strategic move aims to align the company's identity with its evolving business operations and market presence. Investors should note that this name change will also coincide with a ticker symbol change. Effective March 25, 2024, the company's common stock will trade on the New York Stock Exchange under the new ticker symbol "CPAY", replacing the former symbol "FLT". The CUSIP number will also be updated. This 8-K filing details the amendments to the company's Articles of Incorporation and Bylaws to reflect the new corporate name and provides exhibits including the Certificate of Ownership and Merger, the updated Bylaws, and the press release announcing the change.
Key Highlights
- 1Corporate name change from FLEETCOR Technologies, Inc. to Corpay, Inc. effective March 24, 2024.
- 2Name change is being executed via a statutory merger under Delaware law.
- 3The company's common stock will trade under the new ticker symbol "CPAY" on the NYSE, effective March 25, 2024.
- 4The previous ticker symbol was "FLT".
- 5A new CUSIP number (219948 106) will be assigned to the common stock.
- 6Amendments to the company's Certificate of Incorporation and Bylaws have been filed to reflect the new name.
- 7A press release dated March 7, 2024, announcing the name change is included as an exhibit.