Company: IMXI
Filing Date: 2025-10-21
Form Type: PREM14A
Source: 0001140361-25-038818
Chunk: 63

Company: International Money Express, Inc.
Filing Date: 2025-10-21
Form: PREM14A
Chunk 63
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 Intermex. The Board of Directors discussed, among other things, various strategic alternatives available to Intermex, including logistics and governance of a strategic alternatives process, establishing a strategic alternatives committee and market communication strategies regarding a strategic process. On November 1, 2024, the Board of Directors held a telephonic meeting with Intermex management and representatives of FTP and H&K to further consider a potential strategic alternatives process for Intermex. The Board of Directors discussed with Intermex senior management, among other things, Intermex’s third quarter financial results and business strategy, including retail versus digital business trends and the need for large and long-term investment in digital in light of reduced retail growth or potential decline, as well as potential effects of a strategic alternatives process on Intermex’s business.

On November 4, 2024, the Board of Directors held a meeting with Intermex senior management and representatives of H&K to review in detail a draft financial model prepared by Intermex senior management in light of the above described operational, financial and market factors, as well as the contemplation of engaging in a process of exploring Intermex’s strategic alternatives. On November 6, 2024, the Board of Directors held a meeting with management and representatives of H&K to further discuss the financial projections prepared by Intermex management and to further consider a potential strategic alternatives process. The Board of Directors discussed, among other things, next steps for a strategic alternatives process and Intermex’s strategy in consideration of the political climate, including potential changes by a new presidential administration to immigration policy, growth rates and the returns on and risks of a significant investment in Intermex’s digital business. Following the discussion, the Board of Directors approved and authorized Intermex moving forward with a strategic alternatives process referred to as codename “Project Ivey”, including authorizing representatives of FTP to commence outreach to specified potential counterparties and authorizing management to publicly announce such decision. The Board of Directors also discussed the possibility that a strategic process could result in Intermex being presented with a variety of proposed business combination or other strategic transactions, any one of which could involve a private equity fund or other financial sponsor, which transaction might involve the participation of Intermex’s management, including, without limitation the Company’s Chief Executive Officer, President and Chairman, and the benefits to Intermex and its stockholders of forming a special committee, composed entirely of independent directors who are not officers or employees of Intermex, to