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WEX > SEC Filings for WEX > Form 8-K on 4-Jun-2014All Recent SEC Filings

Show all filings for WEX INC.

Form 8-K for WEX INC.


Other Events, Financial Statements and Exhibits

Item 8.01 Other Events.

On May 29, 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 with Wells Fargo Bank, N.A. and the retail price of diesel fuel with The Huntington National Bank (collectively, the "Contracts"). The Contracts have an aggregate notional amount of 11,270,138 gallons of gasoline and diesel fuel and will expire on a monthly basis during the last 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 $3.38 per gallon and a weighted average retail ceiling price of approximately $3.44 per gallon.

On June 4, 2014, the Company issued a news release entitled "WEX Extends Its Existing Fuel-Price Risk Management Program." A copy of the news 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 4, 2014

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