Findell Capital Partners, LP has recently taken an active role in the upcoming director election at Oportun Financial Corporation's 2025 annual meeting of stockholders. The investment firm has filed its definitive proxy statement and sent a letter to fellow stockholders, urging them to reconsider the potential appointment of Ginny Lee as Oportun's next lead independent director. Findell Capital Partners has highlighted concerns regarding Ms. Lee's lead role in the removal of Scott Parker, a former public company CFO and consumer lending executive, who they argue brought valuable expertise to the Board. The firm criticizes the legacy members of the Board, including Louis Miramontes, Sandra Smith, and Jo Anne Barefoot, for their perceived lack of lending experience and oversight of declining total shareholder returns. Findell Capital Partners encourages stockholders to vote against Raul Vazquez, who they describe as the leader of the legacy directors, and advocates for the reappointment of Mr. Parker to provide necessary expertise and improve governance. This shareholder activism aims to influence the direction of Oportun's leadership and enhance value for stockholders.
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