Findell Capital Management Spotlights Why Ginny Lee Should Not be Appointed Oportun's Next Lead Independent Director

Core Points - Findell Capital Partners has filed a definitive proxy statement urging Oportun Financial Corporation shareholders to vote against the legacy board members, particularly targeting Ms. Ginny Lee for her role in the removal of qualified director Scott Parker [1][2][4] - The legacy board members, including Ms. Lee, have overseen significant value destruction, with Ms. Lee's tenure resulting in a Total Shareholder Return (TSR) of -74% [5][7] - Mr. Parker, who had a TSR of +190% during his time on the board, is recommended for reappointment due to his relevant expertise in lending [3][9] Board Performance - Ms. Lee, as Chair of the Nominating, Governance and Social Responsibility Committee, is criticized for orchestrating the removal of Scott Parker, the most qualified board member with lending experience [2][4] - Other legacy board members, such as Louis Miramontes, Sandra Smith, and Jo Anne Barefoot, have also shown poor performance with TSRs of -75%, -58%, and -74% respectively, and lack lending experience [5][6][7] Concerns About Leadership - There are concerns that if Ms. Lee or other legacy directors become the lead independent director, it would be detrimental to the company, given their lack of qualifications and experience in lending [5][8] - Ms. Lee's prior relationship with Mr. Raul Vazquez raises questions about her ability to oversee his actions, which is critical for board governance [8] Call to Action - The company urges shareholders to vote for Findell's nominee Warren Wilcox and against Mr. Vazquez at the upcoming 2025 Annual Meeting to ensure better governance and oversight [9]