WEX Inc.

“We continue to see resilience and strong underlying results across each of our segments," the company's chief financial officer said in Wednesday's earnings release.

More than 1,200 women participated in the 19th edition of Maine Cancer Foundation's annual fundraiser for cancer prevention, early detection and access to care in the Pine Tree State.

David Foss was named board chair at the Portland-based provider of financial technology services to replace Melissa Smith, who will retain a board seat and remain as president and CEO.

Under pressure from 4.9% shareholder Impactive Capital, WEX has agreed to separate the roles of CEO and board chair and add three board nominees put forward by the New York-based hedge fund.

A New York-based hedge fund that owns 4.9% of WEX's shares is pressing for changes on the fintech provider's board of directors.

Impactive Capital, a hedge fund that owns 4.9% of the Portland-based fintech provider, is calling for the ouster of some WEX board members, including Chair and CEO Melissa Smith, at next week’s annual shareholders meeting.

The Portland-based fintech services provider posted earnings and revenue that surpassed market expectations and urged shareholders to resist calls by an activist hedge fund for a board shakeup.

The Portland-based provider of financial technology services said that its solution enables workplaces to carve out GLP-1 courage into a defined-contribution Health Reimbursement Arrangement, or HRA.

Impactive Capital LP, a New York-based hedge fund that owns 5% of WEX shares, is seeking to install four independent directors on the company’s board at its next annual shareholders meeting.

Earnings per share were 15.1% higher than the same period a year earlier and above the $3.9.1 per share consensus estimate of analysts polled by Zacks Investment Research.