Oportun Financial Corporation announced on July 14, 2025, that it has entered into a multi-year cooperation agreement with Findell Capital Management LLC, effectively ending the contested director election. Under the agreement, Findell will support Oportun’s nominees, CEO Raul Vazquez and Carlos Minetti, at the 2025 Annual Meeting of Stockholders.
In return, Oportun’s Board of Directors has agreed to appoint Warren Wilcox, Findell’s nominee, to the Board as a Class III director following the Annual Meeting, with a term expiring at the 2028 Annual Meeting. Following Mr. Wilcox's appointment, the Board will consist of nine directors, and one incumbent director will retire by Oportun’s 2026 Annual Meeting.
Findell has agreed to withdraw its notice of intent to nominate a director candidate for election to the Board. This agreement includes customary standstill and non-disparagement provisions, bringing an end to the proxy contest and providing stability to Oportun's corporate governance.
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