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WEX Inc. – ‘8-K/A’ for 12/15/20

On:  Monday, 3/1/21, at 4:30pm ET   ·   For:  12/15/20   ·   Accession #:  1309108-21-20   ·   File #:  1-32426

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  As Of               Filer                 Filing    For·On·As Docs:Size

 3/01/21  WEX Inc.                          8-K/A:9    12/15/20   19:27M

Amendment to Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K/A       Amendment to Current Report                         HTML     40K 
 2: EX-23.1     Consent of Expert or Counsel                        HTML      8K 
 3: EX-23.2     Consent of Expert or Counsel                        HTML      8K 
 4: EX-99.2     Miscellaneous Exhibit                               HTML    138K 
 5: EX-99.3     Miscellaneous Exhibit                               HTML     20K 
 6: EX-99.4     Miscellaneous Exhibit                               HTML     97K 
 7: EX-99.5     Miscellaneous Exhibit                               HTML     14K 
 8: EX-99.6     Miscellaneous Exhibit                               HTML     99K 
15: R1          Cover                                               HTML     47K 
17: XML         IDEA XML File -- Filing Summary                      XML     15K 
14: XML         XBRL Instance -- wex-20201215_htm                    XML     23K 
16: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
10: EX-101.CAL  XBRL Calculations -- wex-20201215_cal                XML      8K 
11: EX-101.DEF  XBRL Definitions -- wex-20201215_def                 XML     10K 
12: EX-101.LAB  XBRL Labels -- wex-20201215_lab                      XML     69K 
13: EX-101.PRE  XBRL Presentations -- wex-20201215_pre               XML     34K 
 9: EX-101.SCH  XBRL Schema -- wex-20201215                          XSD     12K 
18: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    18K 
19: ZIP         XBRL Zipped Folder -- 0001309108-21-000020-xbrl      Zip    106K 


‘8-K/A’   —   Amendment to Current Report


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 iX:   C:  C: 
  wex-20201215  
 i 0001309108 i false00013091082020-12-152020-12-15

.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM  i 8-K/A
(Amendment No. 1)
CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
 i December 15, 2020
wex-20201215_g1.jpg
 i WEX INC.
(Exact name of registrant as specified in its charter)

 i Delaware
 i 01-0526993
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification No.)

 i 1 Hancock Street
 i ME
 i 04101
Address of principal executive offices
Zip Code

Registrant's telephone number, including area code
 i 207
 i 773-8171

Not Applicable
(Former name or former address if changes since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 i  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
 i Common Stock, $0.01 par value
 i WEX
 i New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  i 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act .



Explanatory Note

On December 15, 2020, WEX Inc. (“WEX” or the “Company”) filed a Current Report on Form 8-K (the “Original 8-K”) to report the completion of its acquisition (the “Acquisition”) of eNett International (Jersey) Limited, a Jersey limited company (“eNett”) and Optal Limited, a private company limited by shares incorporated in England and Wales (“Optal” and, together with eNett, the “Targets”). This Form 8-K/A amends the Original 8-K to provide the historical financial statements required by Item 9.01(a) and the pro forma financial information required by Item 9.01(b).

Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired.

(i) The audited consolidated financial statements of eNett and its subsidiaries, which comprise the consolidated statement of financial position as of December 31, 2019, and 2018, the related consolidated statements of comprehensive income, changes in equity, and statement of cash flows for the years then ended, and the related notes to the consolidated financial statements are filed as Exhibit 99.2 to this Form 8-K/A and incorporated by reference herein.

(ii) The audited consolidated financial statements of Optal and its subsidiaries, which comprise the consolidated statement of financial position as of December 31, 2019, and the related consolidated statements of income, other comprehensive income, changes in equity and cash flows for the year ended December 31, 2019, and the related notes are filed as Exhibit 99.3 to this Form 8-K/A and incorporated by reference herein.

(iii) The unaudited condensed consolidated financial statements of eNett and its subsidiaries as of September 30, 2020, and the related condensed consolidated statements of comprehensive income, changes in equity, and cash flows for the three and nine-month periods ended September 30, 2020 and 2019 and the related notes are filed as Exhibit 99.4 to this Form 8-K/A and incorporated by reference herein.

(iv) The unaudited condensed consolidated financial statements of Optal and its subsidiaries as of and for the nine months ended September 30, 2020 and the related notes are filed as Exhibit 99.5 to this Form 8-K/A and incorporated by reference herein.

The consent of Deloitte LLP, eNett’s independent auditor, is attached as Exhibit 23.1 to this Form 8-K/A.

The consent of Ernst & Young LLP, Optal’s independent auditor, is attached as Exhibit 23.2 to this Form 8-K/A.

(b) Pro Forma Financial Information.

The unaudited pro forma condensed combined balance sheet of WEX and the Targets as of September 30, 2020, the unaudited pro forma condensed combined statements of income of WEX and the Targets for the year ended December 31, 2019 and the nine months ended September 30, 2020, and the related notes are filed as Exhibit 99.6 to this Form 8-K/A and incorporated by reference herein.






(c) Exhibits
10.1*
23.1

23.2

99.1

99.2

99.3

99.4

99.5

99.6
104
Cover Page Interactive Data File (formatted as Inline XBRL)

* Portions of this exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation
S-K.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This Current Report on Form 8-K/A contains “forward-looking statements” intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995, including statements regarding: the Acquisition, future financial and operating results, and any other statements about the Company or eNett or Optal’s managements’ future expectations, beliefs, goals, plans or prospects. Any statements that are not statements of historical facts may be deemed to be forward-looking statements. When used in this Current Report on Form 8-K/A, the words “may,” “could,” “anticipate,” “plan,” “continue,” “project,” “intend,” “estimate,” “believe,” “expect” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, including: potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Acquisition and the associated litigation; competitive responses to the Acquisition; uncertainty of the expected financial performance of the combined operations following completion of the Acquisition; the ability to successfully integrate the Company’s and eNett and Optal’s operations and employees; the ability to realize anticipated synergies and cost savings; unexpected costs, charges or expenses resulting from the Acquisition; as well as other risks and uncertainties identified in Item 1A of the Company’s Annual



Report for the year ended December 31, 2020, filed on Form 10-K with the Securities and Exchange Commission on March 1, 2021. The Company's forward-looking statements do not reflect the potential future impact of any alliance, merger, acquisition, disposition or stock repurchases, other than the Acquisition. The forward-looking statements speak only as of the date of this Current Report on Form 8-K/A and undue reliance should not be placed on these statements. The Company disclaims any obligation to update any forward-looking statements as a result of new information, future events or otherwise.





SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 1, 2021
WEX Inc.
By:     /s/ Roberto Simon        
Name:    Roberto Simon
Title:    Chief Financial Officer




Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K/A’ Filing    Date    Other Filings
Filed on:3/1/2110-K,  4
12/31/2010-K,  11-K,  DEF 14A
For Period end:12/15/204,  8-K
9/30/2010-Q
12/31/1910-K,  11-K,  5,  DEF 14A
9/30/1910-Q
12/31/1810-K,  10-K/A,  11-K,  5,  DEF 14A,  NT 10-K
 List all Filings 


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/15/20  WEX Inc.                          8-K:1,2,7,912/15/20   12:4.5M                                   Business Wire/FA
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