Glass Lewis recommends WEX investors elect two dissident board candidates
21/04/2026 21:36
NEW YORK, April 21 (Reuters) - Proxy advisory firm Glass Lewis on Tuesday recommended that WEX WEX.N shareholders elect two of the three candidates proposed by activist investor Impactive Capital in this year's proxy fight, arguing a "degree of board-level change is warranted." Glass Lewis backed Impactive co-founder Lauren Taylor Wolfe and Kurt Adams for election and urged investors to withhold votes from WEX CEO Melissa Smith and board director Stephen Smith (who is not related to the CEO). Shareholders will vote next month unless the two sides settle the fight, one of the year's most bitter and hotly contested boardroom battles, before the May 5 annual meeting. (Reporting by Svea Herbst-Bayliss, Editing by Franklin Paul) ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))