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WEX INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

February 26, 2014

Item 1.01 Entry into a Material Definitive Agreement.

On February 20, 2014, WEX Inc. (the "Company") purchased put option contracts and sold call option contracts, designed to be a costless collar, on the wholesale price of gasoline and the retail price of diesel fuel with Wells Fargo Bank, N.A. (collectively, the "Contracts"). The Contracts have an aggregate notional amount of 12,988,761 gallons of gasoline and diesel fuel and will expire on a monthly basis during the first three quarters of 2015. The settlement of the Contracts is based upon the New York Mercantile Exchange's New York Harbor Reformulated Gasoline Blendstock for Oxygenate Blending and the U.S. Department of Energy's weekly retail on-highway diesel fuel price for the month. The Contracts lock in a weighted average retail floor price of approximately $3.39 per gallon and a weighted average retail ceiling price of approximately $3.45 per gallon.

On February 26, 2014, the Company issued a news release announcing these transactions.

Item 8.01 Other Events.

On February 26, 2014, the Company issued a news release entitled "WEX Extends Its Existing Fuel-Price Risk Management Program." A copy of the press release is furnished as exhibit 99.1 and is incorporated by reference in its entirety.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. Exhibit No. Description 99.1 News release of WEX Inc. dated February 26, 2014


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Source: Edgar Glimpses

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