Company: WKC
Filing Date: 2025-06-05
Form Type: S-8
Source: 0001193125-25-136001
Chunk: 4

Company: WORLD KINECT CORP
Filing Date: 2025-06-05
Form: S-8
Chunk 4
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 or officer is not entitled to indemnification under
Section 607.0859 (as described below).

Under Section 607.0854 of the Florida Act, unless the corporation’s articles of
incorporation provide otherwise, notwithstanding the failure of a corporation to provide indemnification, and despite any contrary determination of the board of directors or of the shareholders in the specific case, a director or officer of the
corporation who is a party to a proceeding because he or she is or was a director or officer may apply for indemnification or an advance for expenses, or both, to a court having jurisdiction over the corporation which is conducting the proceeding,
or to a circuit court of competent jurisdiction. After receipt of an application and after giving any notice it considers necessary, the court may: (a) order indemnification if the court determines that the director or officer is entitled to
mandatory indemnification under Section 607.0852, (b) order indemnification or advance for expenses if the court determines that the director or officer is entitled to indemnification or advance for expenses pursuant to a provision authorized
by Section 607.0858, or (c) order indemnification or advance for expenses if the court determines, in view of all the relevant circumstances, that it is fair and reasonable to indemnify the director or officer or to advance expenses to the
director or officer, even if he or she has not met the relevant standard of conduct set forth in Section 607.0851(1), has failed to comply with Section 607.0853, or was adjudged liable in a proceeding referred to in Section 607.0859.
If the director or officer was adjudged liable, indemnification shall be limited to expenses incurred in connection with the proceeding.

Section 607.0857 of the Florida Act also provides that a corporation shall have the power to purchase and maintain insurance on behalf of
any person who is or was a director or officer of the corporation against any liability asserted against the person and incurred by him or her in any such capacity or arising out of his or her status as such, whether or not the corporation would
have the power to indemnify him or her against such liability under Chapter 607 of the Florida Act.

Under Section 607.0858 of the
Florida Act, the indemnification pursuant to Sections 607.0851 and the advancement of expenses pursuant to Sections 607.0851, 607.0852 and 607.0853 are not exclusive, and a corporation may