UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) |
September 17, 2012 |
|
WRIGHT EXPRESS CORPORATION |
(Exact name of registrant as specified in its charter) |
Delaware | 001-32426 | 01-0526993 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
97 Darling Avenue, South Portland, ME |
04106 |
|
Address of principal executive offices | Zip Code | |
Registrant's telephone number, including area code | (207) 773-8171 |
(Former name or former address if changes since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
⃞
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
⃞
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
⃞
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On September 17, 2012, Wright Express Corporation (the "Company") purchased put option contracts and sold call option contracts, designed to be a costless collar, on the retail price of diesel fuel and the wholesale price of gasoline with Merrill Lynch Commodities, Inc. (collectively, the "Contracts"). The Contracts have an aggregate notional amount of 6,728,619 gallons of gasoline and diesel fuel and will expire on a monthly basis during the last two quarters of 2013 and the first quarter of 2014. The settlement of the Contracts is based upon the New York Mercantile Exchange’s New York Harbor Reformulated Gasoline Blendstock for Oxygen Blending and the U.S. Department of Energy's weekly retail on-highway diesel fuel price for the month. The Contracts lock in a weighted average retail floor price of approximately $3.41 per gallon and a weighted average retail ceiling price of approximately $3.47 per gallon.
On September 21, 2012, the Company issued a press release announcing these transactions.
Item 8.01 Other Events.
On September 21, 2012, the Company issued a press release entitled "Wright Express Extends Its Fuel-Price Risk Management Program and Announces Changes to the Program." A copy of the press release is furnished as exhibit 99.1 and is incorporated by reference in its entirety.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
EXHIBIT INDEX |
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Exhibit No. | Description | |
99.1 |
Press release of Wright Express Corporation dated September 21, 2012 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934 the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
WRIGHT EXPRESS CORPORATION |
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Date: September 21, 2012 |
By: |
/s/ Steven A. Elder |
|
Steven A. Elder |
WRIGHT EXPRESS CORPORATION
CURRENT REPORT ON FORM 8-K
Report
Dated September
17, 2012
EXHIBIT INDEX |
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Exhibit No. | Description | |
99.1* |
Press release of Wright Express Corporation dated September 21, 2012 |
|
* |
Indicates that exhibit is filed with this report. |