01—Abstract
Summary
Summary of the 8-K filed March 12, 2024. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Corporate name change from FLEETCOR Technologies, Inc. to Corpay, Inc. effective March 24, 2024.
- Name change is being executed via a statutory merger under Delaware law.
- The company's common stock will trade under the new ticker symbol "CPAY" on the NYSE, effective March 25, 2024.
- The previous ticker symbol was "FLT".
- A new CUSIP number (219948 106) will be assigned to the common stock.
- Amendments to the company's Certificate of Incorporation and Bylaws have been filed to reflect the new name.
- A press release dated March 7, 2024, announcing the name change is included as an exhibit.
03—Questions
Frequently Asked Questions
Why is FLEETCOR Technologies, Inc. changing its name to Corpay, Inc.?
The company is changing its name to Corpay, Inc. to better reflect its evolving business and market presence. This rebranding aims to align its corporate identity with its strategic direction.
When will the name change be effective and when will the ticker symbol change?
The corporate name change to Corpay, Inc. is effective on March 24, 2024. Consequently, the company's common stock will begin trading under the new ticker symbol "CPAY" on the New York Stock Exchange on March 25, 2024.
What is the new ticker symbol and CUSIP number for the company's stock?
The new ticker symbol will be "CPAY", and the new CUSIP number for the common stock will be 219948 106. The previous ticker symbol was "FLT".
Does this name change require any action from current shareholders?
Shareholders generally do not need to take any action. The change is primarily administrative. Stock certificates will remain valid, and brokerage accounts will typically update automatically to reflect the new ticker symbol and company name. However, it's always advisable to confirm with your specific brokerage if you have any concerns.
04—Continue