Findell Capital Issues Rebuttal Presentation on Oportun Financial and Notes Support of Oportun Founder and Former CEO James Gutierrez
Highlights the Support of Oportun Founder and Former CEO James Gutierrez, who Wrote that Findell Has "Offered a Smart, Focused Plan to Restore Value"
Outlines How the Company Forced a Costly Proxy Contest by Refusing to Fill Board Leadership Positions with Independent Directors Who Possess Lending Industry Experience and by Ousting Former OneMain Financial CFO Scott Parker from the Board
Makes Clear That Removing Failed CEO Raul Vazquez from the Board Would Strengthen the Board's Oversight of Management
Reiterates That Oportun Significantly Underperformed Peers Prior to Findell's Involvement – and That Further Board Refreshment Is Needed to Prevent Additional Value Destruction
NEW YORK, June 23, 2025 /PRNewswire/ -- Findell Capital Partners, LP, (together with its affiliates, "Findell," "we" or "us") one of the largest stockholders of Oportun Financial Corporation (NASDAQ:OPRT) ("Oportun" or the "Company"), today issued a rebuttal presentation correcting false and misleading statements made in the Company's June 18th presentation.
Earlier today, Oportun Founder and former CEO James Gutierrez released an open letter to stockholders: see here . In the letter, Mr. Gutierrez expressed support for Findell's case for boardroom change at Oportun, writing that "Findell Capital has accurately diagnosed the root causes of this [valuation] gap and offered a smart, focused plan to restore value." He also endorsed the election of Warren Wilcox to the Board of Directors (the "Board") in place of Raul Vazquez.
Findell is seeking to strengthen the Board's lending industry credentials, independence and oversight of management at the 2025 Annual Meeting of Stockholders. We urge stockholders to vote today FOR the election of independent lending industry veteran Warren Wilcox to the Board on the WHITE proxy card.
Visit www.OpportunityAtOportun.com to learn more.
Contact:
Findell Capital Management, LLC
88 Pine Street, 22nd Fl.
New York, NY 10005
[email protected]
OR
Saratoga Proxy Consulting LLC
John Ferguson
[email protected]
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SOURCE Findell Capital Management, LLC