CORPAY, INC. 8-K

What Happened

• Corpay, Inc. (CPAY) announced on January 22, 2026 that the Board has appointed David Bunch, London-based Group Executive Vice President for Mobility & Convenience at Shell PLC, to serve as a director effective immediately. The Board determined Mr. Bunch qualifies as an independent director under NYSE standards and Corpay’s governance guidelines.

Key Details

• Appointment effective: January 22, 2026.
• New director: David Bunch — current Group EVP for Mobility & Convenience at Shell PLC; previously Chairman of Shell UK Ltd; MBA from London Business School; has held roles across North America, Asia and Europe.
• Independence & disclosures: Board affirms Mr. Bunch is independent; no arrangements or related-party transactions requiring Item 404(a) disclosure.
• Compensation & protections: He will receive Corpay’s customary non-employee director compensation and has entered into the company’s standard indemnification agreement.

Why It Matters

• Board composition change: Adding an experienced international payments/retail mobility executive could bring operational and industry insight to Corpay’s board-level oversight, particularly in areas intersecting payments, mobility and convenience retailing.
• Governance signals: The company’s statement that Mr. Bunch is independent and that there are no reportable related-party transactions reduces immediate governance or conflict-of-interest concerns for investors.