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Oportun Responds to Comments by Findell Capital
Oportun Financial Oportun Financial (US:OPRT) GlobeNewswire News Roomยท2025-07-01 12:00

Core Viewpoint - Oportun is committed to reaching a constructive compromise with Findell Capital Management and has made multiple proposals to change the Board's composition, which Findell has not responded to [1][3] Group 1: Board Actions - The Board has decided to reduce the number of directors and rebalance the skills and experience of its members, reflecting stockholder feedback [2] - The decision includes not nominating incumbent Lead Independent Director Neil Williams and director Scott Parker, both of whom are former Chief Financial Officers [2] Group 2: Company Overview - Oportun is a mission-driven financial services company that has provided over $20.3 billion in responsible credit and saved its members more than $2.4 billion in interest and fees since its inception [3] - The company empowers its members to build a better financial future by offering intelligent borrowing, savings, and budgeting capabilities, helping them set aside an average of over $1,800 annually [3]