M&A - CORPAY, INC.

Form Type: 8-K

Filing Date: 2025-05-06

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025022757

Filing Summary: On May 6, 2025, Corpay, Inc. announced its financial results for the three months ended March 31, 2025, via a press release. Additionally, the Company disclosed a partnership with TPG to enter into a definitive agreement for the take-private acquisition of AvidXchange Holdings, Inc. (NASDAQ: AVDX). The financial results announcement is attached as Exhibit 99.1, while the acquisition details are included in Exhibit 99.2. Both documents are furnished and not filed under the Securities Act of 1933, and the information will not be incorporated by reference into any registration statements unless specifically identified.

Form Type: DEF 14A

Filing Date: 2025-04-30

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025021131

Filing Summary: Corpay, Inc. has reached record financial performance for 2024, with revenues of $4 billion, marking a 6% increase. The company has closed two acquisitions in its Corporate Payments segment, contributing to a significant competitive advantage and growth. CEO Ronald F. Clarke emphasized the rebranding to Corpay, enhancing company awareness and sales effectiveness. The Corporate Payments segment is now the largest in the B2B payments industry, accounting for over 30% of the company's revenue. The company aims to increase this to approximately 40% by the end of 2025. The Annual Meeting of Shareholders is scheduled for June 11, 2025, at which shareholders will vote on several proposals, including the election of directors and the approval of executive compensation. Notably, Corpay has confirmed the mailing of proxy materials to shareholders on April 30, 2025, facilitating the voting process for its upcoming annual meeting.