[DEFA14A] Oportun Financial Corporation Additional Proxy Soliciting Materials
Oportun Financial Corporation (OPRT) has issued definitive additional proxy materials (DEFA14A) urging shareholders to vote on the GREEN proxy card in favour of CEO Ra煤l Vazquez and director nominee Carlos Minetti, and to withhold support for activist Findell Capital鈥檚 nominee Warren Wilcox.
The Board highlights Mr. Vazquez鈥檚 leadership credentials鈥攐verseeing a $60 billion Walmart division, expanding Oportun from 2 to 41 states, and growing the loan portfolio from $100 million in 2012 to roughly $3 billion. Management notes that 2024 saw a return to origination growth, better credit metrics, lower operating-expense ratio and market-leading total shareholder returns. The communication warns that replacing the CEO would disrupt ongoing momentum, stressing that 97% of Russell 3000 boards include their CEO.
Shareholders are asked to discard any white proxy cards and vote online, by phone or by mail using the GREEN card before the upcoming annual meeting. Forward-looking statement disclaimers and safe-harbor language are included.
Oportun Financial Corporation (OPRT) ha pubblicato materiali definitivi aggiuntivi per la delega (DEFA14A) invitando gli azionisti a votare sulla scheda proxy VERDE a favore del CEO Ra煤l Vazquez e del candidato al consiglio Carlos Minetti, e a non sostenere il candidato dell鈥檃ttivista Findell Capital, Warren Wilcox.
Il Consiglio sottolinea le capacit脿 di leadership di Mr. Vazquez 鈥� che ha gestito una divisione Walmart da 60 miliardi di dollari, ampliato Oportun da 2 a 41 stati e fatto crescere il portafoglio prestiti da 100 milioni di dollari nel 2012 a circa 3 miliardi. La direzione segnala che il 2024 ha visto una ripresa nella crescita delle nuove erogazioni, migliori indicatori creditizi, un rapporto di spese operative pi霉 basso e rendimenti totali per gli azionisti ai vertici del mercato. La comunicazione avverte che sostituire il CEO interromperebbe questo slancio, evidenziando che il 97% dei consigli del Russell 3000 include il proprio CEO.
Si invita gli azionisti a scartare qualsiasi scheda proxy bianca e a votare online, telefonicamente o per posta utilizzando la scheda VERDE prima della prossima assemblea annuale. Sono incluse dichiarazioni previsionali e clausole di esonero di responsabilit脿.
Oportun Financial Corporation (OPRT) ha emitido materiales definitivos adicionales para la delegaci贸n (DEFA14A) instando a los accionistas a votar con la tarjeta proxy VERDE a favor del CEO Ra煤l Vazquez y del candidato a director Carlos Minetti, y a no apoyar al nominado del activista Findell Capital, Warren Wilcox.
La Junta destaca las credenciales de liderazgo del Sr. Vazquez 鈥� supervisando una divisi贸n de Walmart de 60 mil millones de d贸lares, expandiendo Oportun de 2 a 41 estados y aumentando la cartera de pr茅stamos de 100 millones en 2012 a aproximadamente 3 mil millones. La direcci贸n se帽ala que 2024 vio un regreso al crecimiento en la originaci贸n, mejores m茅tricas crediticias, una menor proporci贸n de gastos operativos y rendimientos totales para accionistas l铆deres en el mercado. La comunicaci贸n advierte que reemplazar al CEO interrumpir铆a el impulso actual, enfatizando que el 97% de las juntas del Russell 3000 incluyen a su CEO.
Se pide a los accionistas que desechen cualquier tarjeta proxy blanca y voten en l铆nea, por tel茅fono o por correo utilizando la tarjeta VERDE antes de la pr贸xima junta anual. Se incluyen advertencias sobre declaraciones prospectivas y lenguaje de puerto seguro.
Oportun Financial Corporation (OPRT)電� 斓滌 於旉皜 鞙勳瀯鞛� 鞛愲(DEFA14A)毳� 氚滍枆頄堨姷雼堧嫟, 欤检＜霌れ棎瓴� CEO Ra煤l Vazquez鞕� 鞚挫偓 頉勲炒 Carlos Minetti毳� 歆�歆�頃橂姅 雲轨儔 鞙勳瀯鞛�鞐� 韴憸頃橁碃, 頄夒彊欤检潣 韴瀽鞛� Findell Capital鞚� 頉勲炒 Warren Wilcox鞐� 雽�頃� 歆�歆�電� 氤措頃� 瓴冹潉 齑夑惮頃╇媹雼�.
鞚挫偓須岆姅 Vazquez 鞌潣 毽崝鞁� 鞐焿鞚� 臧曥“頃╇媹雼� 鈥� 600鞏� 雼煬 攴滊鞚� Walmart 攵�氍� 臧愲弲, Oportun鞚� 2臧� 欤检棎靹� 41臧� 欤茧 頇曥灔, 2012雲� 1鞏� 雼煬鞓�雿� 雽�於� 韽姼韽措Μ鞓るゼ 鞎� 30鞏� 雼煬搿� 靹膘灔鞁滍偍 鞝�. 瓴届榿歆勳潃 2024雲勳棎 雽�於� 鞁犼窚 旆笁 歃濌皜, 臧滌劆霅� 鞁犾毄 歆�響�, 雮潃 鞖挫榿牍� 牍勳湪 氚� 鞁滌灔鞚� 靹犽弰頃橂姅 齑濎＜欤检垬鞚惦鞚� 須岆车霅橃棃雼り碃 鞏戈笁頃╇媹雼�. 鞚� 旎る雼堨紑鞚挫厴鞚� CEO 甑愳泊臧� 順勳灛鞚� 氇韰�鞚� 氚╉暣頃� 瓴冹瀯鞚� 瓴疥碃頃橂┌, Russell 3000 旮办梾 鞚挫偓須岇潣 97%臧� CEO毳� 韽暔頃橁碃 鞛堨潓鞚� 臧曥“頃╇媹雼�.
欤检＜霌れ潃 頋办儔 鞙勳瀯鞛レ潉 韽愱赴頃橁碃 雼り皜鞓る姅 鞐半 須岇潣 鞝勳棎 雲轨儔 鞙勳瀯鞛レ潉 靷毄頃� 鞓澕鞚�, 鞝勴檾 霕愲姅 鞖绊幐鞙茧 韴憸頃� 瓴冹潉 鞖旍箔氚涥碃 鞛堨姷雼堧嫟. 氙鸽灅 鞓堨浮 歆勳垹 氅挫眳 臁绊暛 氚� 鞎堨爠 頃惮 氍戈惮臧� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Oportun Financial Corporation (OPRT) a publi茅 des documents suppl茅mentaires d茅finitifs relatifs aux procurations (DEFA14A) invitant les actionnaires 脿 voter avec la carte de procuration VERTE en faveur du PDG Ra煤l Vazquez et du candidat au conseil d'administration Carlos Minetti, et 脿 ne pas soutenir le candidat de l'activiste Findell Capital, Warren Wilcox.
Le conseil met en avant les comp茅tences en leadership de M. Vazquez 鈥� supervisant une division Walmart de 60 milliards de dollars, 茅tendant Oportun de 2 脿 41 脡tats, et faisant cro卯tre le portefeuille de pr锚ts de 100 millions de dollars en 2012 脿 environ 3 milliards. La direction note qu鈥檈n 2024, on a observ茅 une reprise de la croissance des origines, de meilleures m茅triques de cr茅dit, un ratio des d茅penses op茅rationnelles plus faible et des rendements totaux pour les actionnaires parmi les meilleurs du march茅. La communication avertit que remplacer le PDG perturberait l鈥櫭﹍an en cours, soulignant que 97 % des conseils d'administration du Russell 3000 incluent leur PDG.
Les actionnaires sont invit茅s 脿 jeter toute carte blanche de procuration et 脿 voter en ligne, par t茅l茅phone ou par courrier en utilisant la carte VERTE avant la prochaine assembl茅e annuelle. Des avertissements sur les d茅clarations prospectives et des clauses de protection juridique sont inclus.
Oportun Financial Corporation (OPRT) hat endg眉ltige zus盲tzliche Vollmachtsunterlagen (DEFA14A) ver枚ffentlicht, in denen die Aktion盲re aufgefordert werden, mit der GR脺NEN Vollmacht f眉r CEO Ra煤l Vazquez und den Direktorkandidaten Carlos Minetti zu stimmen und die Unterst眉tzung f眉r den Aktivistenkandidaten Warren Wilcox von Findell Capital zur眉ckzuhalten.
Der Vorstand hebt die F眉hrungskompetenzen von Herrn Vazquez hervor 鈥� er leitete eine Walmart-Sparte mit 60 Milliarden Dollar, erweiterte Oportun von 2 auf 41 Bundesstaaten und steigerte das Kreditportfolio von 100 Millionen Dollar im Jahr 2012 auf rund 3 Milliarden. Das Management weist darauf hin, dass 2024 ein Wachstum bei der Kreditvergabe, bessere Kreditkennzahlen, ein niedrigerer Betriebsaufwandsanteil und marktf眉hrende Gesamtrenditen f眉r Aktion盲re verzeichnet wurden. Die Mitteilung warnt, dass ein Austausch des CEO die aktuelle Dynamik st枚ren w眉rde, und betont, dass 97 % der Russell 3000-Vorst盲nde ihren CEO einschlie脽en.
Die Aktion盲re werden gebeten, wei脽e Vollmachten zu verwerfen und vor der n盲chsten Hauptversammlung online, telefonisch oder per Post mit der GR脺NEN Karte abzustimmen. Prognosebezogene Hinweise und Safe-Harbor-Klauseln sind enthalten.
- Operational turnaround claims: management cites 2024 origination growth, improved credit metrics and lower operating-expense ratio.
- Loan portfolio expansion: growth from $100 million (2012) to ~$3 billion today demonstrates scale under current leadership.
- Relative share-price strength: total stockholder returns said to outperform peers and broader market.
- CEO equity alignment: Vazquez described as a top-ten shareholder with additional open-market purchases.
- Proxy contest signal: Activist challenge from Findell Capital suggests some shareholder dissatisfaction with governance or performance.
- No new financial metrics: filing lacks concrete 2024鈥�2025 earnings, revenue or margin targets, limiting transparency.
Insights
TL;DR: Standard board-backed solicitation; highlights CEO track record, counters activist push鈥攍imited new information.
The filing is a routine DEFA14A aimed at preserving incumbent control amid a single-seat proxy contest. It leans heavily on Ra煤l Vazquez鈥檚 operational history and recent performance improvements to rebut Findell Capital鈥檚 governance challenge. While the Board鈥檚 unanimous support and peer-norm statistics strengthen its argument, there are no fresh financial disclosures or governance concessions that materially shift risk. Impact is therefore neutral from a purely regulatory standpoint, though it signals a modest elevation in shareholder activism around OPRT.
TL;DR: Positive narrative鈥攎anagement claims cost cuts, growth rebound, outperforming TSR; small but constructive signal.
Investors receive reassurance that strategic resets begun in 2022 are translating into measurable gains鈥攐rigination growth, credit improvement, expense leverage and relative share-price outperformance. If accurate, continuity under Vazquez could sustain operating momentum into 2025. Lack of quantitative detail tempers conviction, yet the Board鈥檚 confidence and insider stock ownership align incentives. Overall, the communication is modestly share-price supportive, provided the proxy fight remains limited to one seat.
Oportun Financial Corporation (OPRT) ha pubblicato materiali definitivi aggiuntivi per la delega (DEFA14A) invitando gli azionisti a votare sulla scheda proxy VERDE a favore del CEO Ra煤l Vazquez e del candidato al consiglio Carlos Minetti, e a non sostenere il candidato dell鈥檃ttivista Findell Capital, Warren Wilcox.
Il Consiglio sottolinea le capacit脿 di leadership di Mr. Vazquez 鈥� che ha gestito una divisione Walmart da 60 miliardi di dollari, ampliato Oportun da 2 a 41 stati e fatto crescere il portafoglio prestiti da 100 milioni di dollari nel 2012 a circa 3 miliardi. La direzione segnala che il 2024 ha visto una ripresa nella crescita delle nuove erogazioni, migliori indicatori creditizi, un rapporto di spese operative pi霉 basso e rendimenti totali per gli azionisti ai vertici del mercato. La comunicazione avverte che sostituire il CEO interromperebbe questo slancio, evidenziando che il 97% dei consigli del Russell 3000 include il proprio CEO.
Si invita gli azionisti a scartare qualsiasi scheda proxy bianca e a votare online, telefonicamente o per posta utilizzando la scheda VERDE prima della prossima assemblea annuale. Sono incluse dichiarazioni previsionali e clausole di esonero di responsabilit脿.
Oportun Financial Corporation (OPRT) ha emitido materiales definitivos adicionales para la delegaci贸n (DEFA14A) instando a los accionistas a votar con la tarjeta proxy VERDE a favor del CEO Ra煤l Vazquez y del candidato a director Carlos Minetti, y a no apoyar al nominado del activista Findell Capital, Warren Wilcox.
La Junta destaca las credenciales de liderazgo del Sr. Vazquez 鈥� supervisando una divisi贸n de Walmart de 60 mil millones de d贸lares, expandiendo Oportun de 2 a 41 estados y aumentando la cartera de pr茅stamos de 100 millones en 2012 a aproximadamente 3 mil millones. La direcci贸n se帽ala que 2024 vio un regreso al crecimiento en la originaci贸n, mejores m茅tricas crediticias, una menor proporci贸n de gastos operativos y rendimientos totales para accionistas l铆deres en el mercado. La comunicaci贸n advierte que reemplazar al CEO interrumpir铆a el impulso actual, enfatizando que el 97% de las juntas del Russell 3000 incluyen a su CEO.
Se pide a los accionistas que desechen cualquier tarjeta proxy blanca y voten en l铆nea, por tel茅fono o por correo utilizando la tarjeta VERDE antes de la pr贸xima junta anual. Se incluyen advertencias sobre declaraciones prospectivas y lenguaje de puerto seguro.
Oportun Financial Corporation (OPRT)電� 斓滌 於旉皜 鞙勳瀯鞛� 鞛愲(DEFA14A)毳� 氚滍枆頄堨姷雼堧嫟, 欤检＜霌れ棎瓴� CEO Ra煤l Vazquez鞕� 鞚挫偓 頉勲炒 Carlos Minetti毳� 歆�歆�頃橂姅 雲轨儔 鞙勳瀯鞛�鞐� 韴憸頃橁碃, 頄夒彊欤检潣 韴瀽鞛� Findell Capital鞚� 頉勲炒 Warren Wilcox鞐� 雽�頃� 歆�歆�電� 氤措頃� 瓴冹潉 齑夑惮頃╇媹雼�.
鞚挫偓須岆姅 Vazquez 鞌潣 毽崝鞁� 鞐焿鞚� 臧曥“頃╇媹雼� 鈥� 600鞏� 雼煬 攴滊鞚� Walmart 攵�氍� 臧愲弲, Oportun鞚� 2臧� 欤检棎靹� 41臧� 欤茧 頇曥灔, 2012雲� 1鞏� 雼煬鞓�雿� 雽�於� 韽姼韽措Μ鞓るゼ 鞎� 30鞏� 雼煬搿� 靹膘灔鞁滍偍 鞝�. 瓴届榿歆勳潃 2024雲勳棎 雽�於� 鞁犼窚 旆笁 歃濌皜, 臧滌劆霅� 鞁犾毄 歆�響�, 雮潃 鞖挫榿牍� 牍勳湪 氚� 鞁滌灔鞚� 靹犽弰頃橂姅 齑濎＜欤检垬鞚惦鞚� 須岆车霅橃棃雼り碃 鞏戈笁頃╇媹雼�. 鞚� 旎る雼堨紑鞚挫厴鞚� CEO 甑愳泊臧� 順勳灛鞚� 氇韰�鞚� 氚╉暣頃� 瓴冹瀯鞚� 瓴疥碃頃橂┌, Russell 3000 旮办梾 鞚挫偓須岇潣 97%臧� CEO毳� 韽暔頃橁碃 鞛堨潓鞚� 臧曥“頃╇媹雼�.
欤检＜霌れ潃 頋办儔 鞙勳瀯鞛レ潉 韽愱赴頃橁碃 雼り皜鞓る姅 鞐半 須岇潣 鞝勳棎 雲轨儔 鞙勳瀯鞛レ潉 靷毄頃� 鞓澕鞚�, 鞝勴檾 霕愲姅 鞖绊幐鞙茧 韴憸頃� 瓴冹潉 鞖旍箔氚涥碃 鞛堨姷雼堧嫟. 氙鸽灅 鞓堨浮 歆勳垹 氅挫眳 臁绊暛 氚� 鞎堨爠 頃惮 氍戈惮臧� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Oportun Financial Corporation (OPRT) a publi茅 des documents suppl茅mentaires d茅finitifs relatifs aux procurations (DEFA14A) invitant les actionnaires 脿 voter avec la carte de procuration VERTE en faveur du PDG Ra煤l Vazquez et du candidat au conseil d'administration Carlos Minetti, et 脿 ne pas soutenir le candidat de l'activiste Findell Capital, Warren Wilcox.
Le conseil met en avant les comp茅tences en leadership de M. Vazquez 鈥� supervisant une division Walmart de 60 milliards de dollars, 茅tendant Oportun de 2 脿 41 脡tats, et faisant cro卯tre le portefeuille de pr锚ts de 100 millions de dollars en 2012 脿 environ 3 milliards. La direction note qu鈥檈n 2024, on a observ茅 une reprise de la croissance des origines, de meilleures m茅triques de cr茅dit, un ratio des d茅penses op茅rationnelles plus faible et des rendements totaux pour les actionnaires parmi les meilleurs du march茅. La communication avertit que remplacer le PDG perturberait l鈥櫭﹍an en cours, soulignant que 97 % des conseils d'administration du Russell 3000 incluent leur PDG.
Les actionnaires sont invit茅s 脿 jeter toute carte blanche de procuration et 脿 voter en ligne, par t茅l茅phone ou par courrier en utilisant la carte VERTE avant la prochaine assembl茅e annuelle. Des avertissements sur les d茅clarations prospectives et des clauses de protection juridique sont inclus.
Oportun Financial Corporation (OPRT) hat endg眉ltige zus盲tzliche Vollmachtsunterlagen (DEFA14A) ver枚ffentlicht, in denen die Aktion盲re aufgefordert werden, mit der GR脺NEN Vollmacht f眉r CEO Ra煤l Vazquez und den Direktorkandidaten Carlos Minetti zu stimmen und die Unterst眉tzung f眉r den Aktivistenkandidaten Warren Wilcox von Findell Capital zur眉ckzuhalten.
Der Vorstand hebt die F眉hrungskompetenzen von Herrn Vazquez hervor 鈥� er leitete eine Walmart-Sparte mit 60 Milliarden Dollar, erweiterte Oportun von 2 auf 41 Bundesstaaten und steigerte das Kreditportfolio von 100 Millionen Dollar im Jahr 2012 auf rund 3 Milliarden. Das Management weist darauf hin, dass 2024 ein Wachstum bei der Kreditvergabe, bessere Kreditkennzahlen, ein niedrigerer Betriebsaufwandsanteil und marktf眉hrende Gesamtrenditen f眉r Aktion盲re verzeichnet wurden. Die Mitteilung warnt, dass ein Austausch des CEO die aktuelle Dynamik st枚ren w眉rde, und betont, dass 97 % der Russell 3000-Vorst盲nde ihren CEO einschlie脽en.
Die Aktion盲re werden gebeten, wei脽e Vollmachten zu verwerfen und vor der n盲chsten Hauptversammlung online, telefonisch oder per Post mit der GR脺NEN Karte abzustimmen. Prognosebezogene Hinweise und Safe-Harbor-Klauseln sind enthalten.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☐ | Definitive Proxy Statement |
| ☒ | Definitive Additional Materials |
| ☐ | Soliciting Material Pursuant to §240.14a-12 |
Oportun Financial Corporation
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of the Filing Fee (Check the appropriate box):
| ☒ | No fee required. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
|
|
Mr. Vazquez has valuable skills, experience and institutional knowledge that make him an exceptional CEO and effective Board member. He has a proven track record of leading large operations while driving technological innovation and fostering high-performance cultures, both at Oportun and in prior roles, and he has played a vital role in setting Oportun’s new strategic direction and driving the Company’s growth and transformation. He is deeply committed to Oportun’s success, and as a top ten Oportun stockholder
who has made significant out-of-pocket stock purchases beyond his executive compensation plan, his interests are firmly aligned with those of stockholders.
Mr. Vazquez Has a Track Record of Effective Leadership
Before joining Oportun, Mr. Vazquez spent nine years with Walmart Inc., where he held a variety of senior leadership roles. Walmart, like Oportun, serves a diverse customer base, with particular strength among value-conscious and lower-to-middle income households.
As EVP and President of Walmart West, Mr. Vazquez oversaw a division generating more than $60 billion in revenue and comprising more than 1,000 stores across 23 states. As CEO of Walmart.com, he led a period of significant growth where he helped shape and scale Walmart’s global e-commerce strategy, transforming the platform into the most visited brick-and-mortar retailer website.
For more information, visit VoteForOportun.com
Mr. Vazquez Has Driven Oportun’s Growth and Transformation
Mr. Vazquez was appointed CEO of Oportun in 2012. As the oldest son of Mexican immigrants, he has a deep personal connection to Oportun’s core customer and a strong belief in the Company’s mission to empower hardworking individuals to build better futures. Joining Oportun represented an opportunity to bring his deep expertise in retail, operations and digital innovation as well as his people-centered leadership approach to an industry where he believed he could make a meaningful difference.
At the time, Oportun was struggling to raise debt and equity from external sources at the levels necessary to maintain its market position and continue operations.
Amid these challenges, Mr. Vazquez took swift and decisive action, crafting a strategic plan to revitalize and scale the business. Under his leadership, Oportun transformed from a small, regional lender reliant on a network of physical retail locations into a national, digitally-driven company positioned for sustained growth and profitability. Mr. Vazquez also has led the Company’s expansion from two states to 41 states and into adjacent products, including secured loans and savings products. Together, these initiatives have enabled the Company to grow its loan portfolio from $100 million in 2012 to approximately $3 billion today.
When macroeconomic conditions shifted abruptly and unexpectedly in early 2022, Mr. Vazquez worked proactively with the Board to strengthen and reposition the Company by reducing costs, streamlining operations and realigning strategic priorities. Importantly, these initiatives were developed independently of Findell and were announced two months before the Board had any knowledge that Findell was a stockholder.
These vital actions to reposition the Company, and our focus on execution, are delivering improved financial performance. In 2024, Oportun returned to originations growth, delivered improved credit metrics and reduced its operating expense ratio. That strong momentum continued during the first quarter of this year and, supported by a more efficient cost structure and stronger credit performance, we believe Oportun is well-positioned to deliver strong financial results in 2025. Importantly, this progress has been recognized by the market, with total stockholder returns significantly outperforming both peers and the broader markets over recent time periods.
Other Organizations Have Recognized Mr. Vazquez’s Leadership and Qualifications
Under Mr. Vazquez’s leadership, Oportun has received national recognition by leading publications for its innovation and impact:
| • | Oportun has consistently been recognized as a top workplace, including by the San Francisco Chronicle for the past seven years and by regional and national publications for the past ten years; |
| • | Fast Company named Oportun one of the World’s Most Innovative Companies and a Top Ten Most Innovative Company in 2020; |
| • | TIME magazine included Oportun on its list of “50 Businesses Inventing the Future” in 2018; |
| • | Mr. Vazquez was honored as the EY Entrepreneur of The Year® 2018 National Award winner in the Financial Services category. |
In 2013, Mr. Vazquez joined the Board of Directors of Staples, Inc., and in 2016 he was appointed to the Board of Directors of Intuit, a global financial technology company with a market capitalization of more than $200 billion. The Chairs of both public companies have praised Mr. Vazquez for his leadership experience, strategic vision, and deep understanding of the consumer:
Beyond his public board experience, Mr. Vazquez previously served on the Board of the National Association for Latino Community Asset Builders, the Consumer Financial Protection Bureau’s Consumer Advisory Board, and as Chair of the Federal Reserve Board’s Community Advisory Council.
Replacing Mr. Vazquez with Findell’s Candidate Would be a Mistake
As part of its annual evaluation process, the Board, which includes two individuals recommended by Findell, recently completed a comprehensive review of Mr. Vazquez’s performance. Following that review, the Board unanimously concluded that Mr. Vazquez is the best person to lead the Company forward. Supplanting the Board’s unanimous judgment and removing Mr. Vazquez from the Board — especially at a time when the Company’s performance is improving and its momentum is building — would be a mistake.
In our view, Findell’s candidate, Warren Wilcox, is no substitute for Mr. Vazquez. Mr. Wilcox has no public company CEO experience, limited experience serving low- and middle-income customers and has not served on a public company board in over a decade. Replacing
Mr. Vazquez with Mr. Wilcox would jeopardize the continuity, leadership and business insight needed to continue our progress and momentum. With all of Oportun’s proxy peers and approximately 97% of Russell 3000 boards including the company’s CEO1, removing Mr. Vazquez would also be highly unusual and send a disruptive message to employees, stockholders and other stakeholders.
We Ask for Your Support
We encourage you to visit VoteForOportun.com to learn more about the Company’s progress and our plan to ensure that our strong momentum continues. We believe you will reach the same conclusion as our Board: that Mr. Vazquez is the right leader for Oportun and that his reelection is the best way to protect and enhance stockholder value.
We urge stockholders to support Oportun’s CEO, Mr. Vazquez, and Oportun’s other nominee, Carlos Minetti, by voting for each of them on the GREEN proxy card today.
Sincerely,
The Oportun Financial Corporation Board of Directors
| Vote the GREEN Proxy Card Today |
To ensure Oportun’s progress continues, the Board urges stockholders to vote “FOR” both of Oportun’s nominees, and “WITHHOLD” on Findell’s candidate, using the enclosed GREEN proxy card ahead of the upcoming Annual Meeting. | |||||
| For more information, visit VoteForOportun.com |
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| 1Source: Bloomberg |
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Please vote on the GREEN proxy card “FOR” the Company’s two nominees,
and “WITHHOLD” on Findell’s candidate, using one of the following options:
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Online – Follow the instructions set forth on the enclosed GREEN proxy card | |
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Phone – Follow the instructions set forth on the enclosed GREEN proxy card | |
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Mail – Mark, sign and date the enclosed GREEN proxy card and return it in the postage-paid envelope provided | |
Remember, please discard and do not sign any white Findell proxy card. If you have already voted using a white proxy card, you may cancel that vote simply by voting again using the Company’s GREEN proxy card or GREEN voting instruction form. Only your latest-dated vote will count!
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If you have any questions about how to vote your shares, please call the firm assisting us with the solicitation of proxies | |||
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(877) 800-5195 (toll-free from the U.S. and Canada) +1 (412) 232-3651 (from other countries) | |||
Cautionary Statement on Forward-Looking Statements
Certain statements in this communication are “forward-looking statements”. 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 performance, financial position and our strategic initiatives, and the Annual Meeting, are forward-looking statements. These statements can be generally identified by terms such as “expect,” “plan,” “goal,” “target,” “anticipate,” “assume,” “predict,” “project,” “outlook,” “continue,” “due,” “may,” “believe,” “seek,” or “estimate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” 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.
| © 2025 Oportun, Inc. All rights reserved. | OPRTMGMT#3 |
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FAQ
Why is Oportun (OPRT) issuing a GREEN proxy card?
What performance improvements does Oportun highlight in the DEFA14A?
How has Ra煤l Vazquez impacted Oportun鈥檚 growth?
What arguments does Oportun make against Findell Capital鈥檚 nominee?
How can shareholders vote in the upcoming Oportun annual meeting?
Does the filing include forward-looking statements?
