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WEX > SEC Filings for WEX > Form 8-K on 13-Jun-2013All Recent SEC Filings

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Form 8-K for WEX INC.


Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhib

Item 1.01 Entry into a Material Definitive Agreement.

On June 7, 2013, 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 with Merrill Lynch Commodities, Inc. and the retail price of diesel fuel with Wells Fargo Bank, N.A. (collectively, the "Contracts"). The Contracts have an aggregate notional amount of 11,605,826 gallons of gasoline and diesel fuel and will expire on a monthly basis during the last three quarters of 2014. The settlement of the Contracts is based upon the New York Mercantile Exchange's New York Harbor Reformulated Gasoline Blendstock for Oxygen 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 $3.37 per gallon and a weighted average retail ceiling price of approximately $3.43 per gallon.

On June 13, 2013, the Company issued a news release announcing these transactions.

Item 8.01 Other Events.

On June 13, 2013, 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 June 13, 2013

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