Findell Capital Partners, LP announced on July 7, 2025, that Institutional Shareholder Services Inc. (ISS) recommended stockholders vote FOR its nominee, Warren Wilcox, to Oportun's Board of Directors. ISS also recommended withholding votes on Chief Executive Officer Raul Vazquez.
The ISS report criticized the actions of the 'Vasquez-friendly Board' and endorsed Findell's case for boardroom change, highlighting years of poor corporate governance and significant share price underperformance linked to Mr. Vazquez and his allies.
Brian Finn, CIO of Findell, stated that ISS concluded Oportun needs a director with Mr. Wilcox's objective thinking and strong expertise in the lending industry. This recommendation is a significant development in the ongoing proxy contest, adding pressure on Oportun's current management.
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