Oportun Responds to Comments by Findell Capital
Oportun (NASDAQ:OPRT), a mission-driven financial services company, has issued a response to recent comments from Findell Capital Management, LLC. The company states it has been actively seeking a resolution with Findell for months, including multiple formal proposals for Board composition changes.
The company reports it has made recent efforts to streamline its Board, including the decision not to renominate Lead Independent Director Neil Williams and director Scott Parker. This decision was made to rebalance the Board's expertise, noting that both Williams and Parker are former public company CFOs, while the Board maintains three other directors with similar financial backgrounds.
Oportun emphasizes its continued openness to constructive engagement with Findell to resolve the ongoing proxy contest in a manner that benefits all stockholders.
Oportun (NASDAQ:OPRT), un'azienda di servizi finanziari con una missione sociale, ha risposto ai recenti commenti di Findell Capital Management, LLC. La societ脿 afferma di aver cercato attivamente una soluzione con Findell per mesi, presentando anche diverse proposte formali riguardanti la composizione del Consiglio di Amministrazione.
La societ脿 riferisce di aver recentemente lavorato per snellire il Consiglio, decidendo di non rinominare il Lead Independent Director Neil Williams e il direttore Scott Parker. Questa scelta 猫 stata fatta per riequilibrare le competenze del Consiglio, sottolineando che sia Williams sia Parker sono ex CFO di societ脿 pubbliche, mentre il Consiglio mantiene altri tre membri con esperienze finanziarie simili.
Oportun ribadisce la sua disponibilit脿 a un dialogo costruttivo con Findell per risolvere la contesa in corso sulle deleghe in modo vantaggioso per tutti gli azionisti.
Oportun (NASDAQ:OPRT), una empresa de servicios financieros con una misi贸n social, ha respondido a los recientes comentarios de Findell Capital Management, LLC. La compa帽铆a afirma que ha estado buscando activamente una soluci贸n con Findell durante meses, incluyendo m煤ltiples propuestas formales para cambios en la composici贸n de la Junta Directiva.
La empresa informa que ha realizado esfuerzos recientes para optimizar su Junta, incluyendo la decisi贸n de no volver a nominar al Director Independiente Principal Neil Williams y al director Scott Parker. Esta decisi贸n se tom贸 para reequilibrar la experiencia de la Junta, se帽alando que tanto Williams como Parker son ex directores financieros de empresas p煤blicas, mientras que la Junta mantiene a otros tres directores con antecedentes financieros similares.
Oportun enfatiza su continua disposici贸n a un compromiso constructivo con Findell para resolver la disputa actual sobre el poder de voto de manera que beneficie a todos los accionistas.
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Oportun (NASDAQ:OPRT), une entreprise de services financiers anim茅e par une mission, a r茅pondu aux r茅cents commentaires de Findell Capital Management, LLC. La soci茅t茅 d茅clare avoir activement cherch茅 une solution avec Findell depuis plusieurs mois, incluant plusieurs propositions formelles concernant la composition du conseil d'administration.
La soci茅t茅 indique avoir r茅cemment entrepris des efforts pour rationaliser son conseil, notamment en d茅cidant de ne pas renommer le directeur ind茅pendant principal Neil Williams et le directeur Scott Parker. Cette d茅cision a 茅t茅 prise afin de r茅茅quilibrer l'expertise du conseil, soulignant que Williams et Parker sont tous deux d'anciens directeurs financiers de soci茅t茅s cot茅es, tandis que le conseil compte trois autres administrateurs ayant des profils financiers similaires.
Oportun souligne sa volont茅 continue d'engager un dialogue constructif avec Findell pour r茅soudre le conflit actuel autour des procurations d'une mani猫re b茅n茅fique pour tous les actionnaires.
Oportun (NASDAQ:OPRT), ein finanzielles Dienstleistungsunternehmen mit einer Mission, hat auf k眉rzliche Kommentare von Findell Capital Management, LLC reagiert. Das Unternehmen gibt an, seit Monaten aktiv eine L枚sung mit Findell zu suchen, einschlie脽lich mehrerer formeller Vorschl盲ge zur 脛nderung der Zusammensetzung des Vorstands.
Das Unternehmen berichtet, dass es k眉rzlich Anstrengungen unternommen hat, den Vorstand zu straffen, einschlie脽lich der Entscheidung, den leitenden unabh盲ngigen Direktor Neil Williams und den Direktor Scott Parker nicht erneut zu nominieren. Diese Entscheidung wurde getroffen, um die Expertise des Vorstands neu auszubalancieren, wobei darauf hingewiesen wird, dass sowohl Williams als auch Parker ehemalige CFOs b枚rsennotierter Unternehmen sind, w盲hrend der Vorstand drei weitere Direktoren mit 盲hnlichem finanziellem Hintergrund beh盲lt.
Oportun betont seine fortw盲hrende Offenheit f眉r eine konstruktive Zusammenarbeit mit Findell, um den laufenden Proxy-Kampf zugunsten aller Aktion盲re zu l枚sen.
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Reiterates openness and ongoing efforts to reach constructive compromise with Findell
Highlights Board actions to streamline and rebalance director skills in service of all stockholders
SAN CARLOS, Calif., July 01, 2025 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT) (鈥淥portun鈥� or the 鈥淐ompany鈥�), a mission-driven financial services company, today issued a statement in response to recent comments made by Findell Capital Management, LLC (鈥淔indell鈥�):
鈥淎s described in detail in our , Oportun has sought a resolution with Findell for months. We have delivered to Findell multiple formal proposals that involved changes to the Board鈥檚 composition, including as recently as the week before last. Findell has not responded to this latest offer.
The Board鈥檚 decision to reduce the number of directors and rebalance the Board鈥檚 skills and experience, including the decision not to nominate incumbent Lead Independent Director Neil Williams and director Scott Parker, was the result of careful review of the Board鈥檚 expertise and needs and reflects stockholder feedback. Both Mr. Williams and Mr. Parker are former public company Chief Financial Officers; the Board has three other directors with similar backgrounds in finance and accounting.
The Company remains committed to engaging constructively with Findell and willing to resolve the proxy contest on terms that serve the best interests of all our stockholders.鈥�
About Oportun
Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than
Cautionary Statement on Forward-Looking Statements
Certain statements in this communication are 鈥渇orward-looking statements.鈥� These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this communication, including statements as to our future engagement with Findell and the proxy contest, are forward-looking statements. These statements can be generally identified by terms such as 鈥渆xpect,鈥� 鈥減lan,鈥� 鈥済oal,鈥� 鈥渢arget,鈥� 鈥渁nticipate,鈥� 鈥渁ssume,鈥� 鈥減redict,鈥� 鈥減roject,鈥� 鈥渙utlook,鈥� 鈥渃ontinue,鈥� 鈥渄ue,鈥� 鈥渕ay,鈥� 鈥渂elieve,鈥� 鈥渟eek,鈥� or 鈥渆stimate鈥� and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as 鈥渨ill,鈥� 鈥渟hould,鈥� 鈥渨ould,鈥� 鈥渓ikely鈥� and 鈥渃ould.鈥� These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events, financial trends and risks and uncertainties that we believe may affect our business, financial condition and results of operations. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K for the year ended December 31, 2024, as well as our subsequent filings with the SEC. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, we disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.
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FAQ
What changes is Oportun (OPRT) making to its Board of Directors?
How has Oportun (OPRT) responded to Findell Capital's comments?
Why did Oportun (OPRT) decide not to renominate Neil Williams and Scott Parker?
What is the current status of negotiations between Oportun (OPRT) and Findell Capital?
