Every 8-K that World Kinect Corporation (WKC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow WKC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WKC filings page.
World Kinect Corporation (WKC) announced a Board leadership transition in which founder Michael J. Kasbar will step down as Executive Chairman, effective December 31, 2026, while continuing to serve as a director. The Board has appointed long-time director Ken Bakshi as independent Chair, also effective December 31, 2026.
Under his expired employment agreement, Mr. Kasbar will receive severance payments and benefits that became payable upon the agreement’s non-renewal, subject to his compliance with restrictive covenants for two years after ceasing service as Executive Chairman. The company states that his decision to step down is not due to any disagreement regarding operations, practices, or policies. The Board highlights that having an independent Chair strengthens its independent oversight and effectiveness.
World Kinect Corporation reported a sharp profitability improvement in the second quarter of 2026. Revenue was $13,591.2 million and gross profit reached a record $365.1 million, up 57% year over year. GAAP net income was $48.4 million, or $0.94 per diluted share, compared with a $339.4 million loss a year earlier. Adjusted net income was $66.4 million, with Adjusted EPS of $1.29, up 119%, and Adjusted EBITDA of $135.7 million, up 55%.
The Aviation segment generated record gross profit of $208.0 million, up 51%, while Marine gross profit rose 195% to a record $79.7 million; Land Adjusted income from operations increased to $20.0 million. Consolidated sales volume fell 8% to 3.90 billion gallons, but higher prices and volatility supported margins. For 2026, the company raised Adjusted EPS guidance to $3.20–$3.40 per share, approximately 20% above the prior midpoint, and returned capital via a 15% dividend increase and $14 million of share repurchases. Year-to-date operating cash flow was an outflow of $67.7 million and free cash flow was negative $95.3 million.
World Kinect Corporation reported the results of its 2026 Annual Meeting of Shareholders held on June 18, 2026. Shareholders elected all nominated directors to serve until the 2027 annual meeting or until their successors are elected and qualified, with each nominee receiving strong majority support.
Shareholders also approved, on a non-binding advisory basis, the compensation of the company’s named executive officers, with 41,333,700 votes for, 3,262,774 against, and 185,225 abstentions, alongside 1,650,973 broker non-votes. In addition, shareholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the 2026 fiscal year, with 45,336,880 votes for, 920,454 against, and 175,338 abstentions.
World Kinect Corporation delivered a much stronger first quarter of 2026, returning to profitability and raising its full‑year outlook. Revenue was $9,685.0 million, up 2%, while gross profit rose to $271.2 million from $230.4 million, an 18% increase.
GAAP net income improved to $26.2 million, or $0.50 per diluted share, versus a loss of $21.1 million or $(0.37) a year ago. Adjusted diluted EPS climbed to $0.75 from $0.48, and Adjusted EBITDA increased to $94.4 million from $80.3 million. Aviation gross profit grew 20% and Marine 86%, while Land declined 16%. The company repurchased $75.0 million of common stock and generated negative free cash flow of $(60.2) million versus $99.2 million last year. Full‑year 2026 Adjusted EPS guidance was raised to a range of $2.65–$2.85 per share from $2.20–$2.40, and management announced a shift back to the core "World Fuel" brand for most commercial uses.
World Kinect Corporation reported a difficult 2025 as it undertook a major portfolio restructuring, especially in its Land segment. Full-year gross profit was $948 million, but large non-cash goodwill and asset impairments and restructuring and exit costs drove a GAAP net loss of $614 million, or $10.99 per diluted share.
On an adjusted basis, the company generated 2025 net income of $107 million, or $1.91 per diluted share, and Adjusted EBITDA of $336 million. It also produced operating cash flow of $293 million and free cash flow of $227 million, and repurchased $85 million of common stock.
Segment performance was mixed: Aviation gross profit rose to $526 million helped by the Universal TSS acquisition, while Land gross profit fell to $298 million and Marine to $123 million. For 2026, management guides to Adjusted diluted EPS of $2.20–$2.40, citing benefits from the completed Land repositioning, continued strength in Aviation, and disciplined costs.
World Kinect Corporation reported changes to executive compensation and its severance framework. The Board previously promoted Michael Kroll to Senior Vice President and Chief Accounting Officer effective November 1, 2025. On December 3, 2025, the Compensation Committee increased his annual base salary to $390,000 and approved a performance-based restricted stock unit award with a grant date fair value of $50,000. The award depends on achieving a pre-determined average adjusted earnings per share goal over a three-year period ending December 31, 2027 and his continued employment through December 3, 2028, and is subject to the company’s Clawback Policy.
For 2026, Mr. Kroll will have a target annual bonus equal to 60% of base salary and a target long-term incentive opportunity of $150,000. The Compensation Committee also approved an amended and restated Executive Severance Policy effective January 1, 2026, outlining severance, bonus, and COBRA-related benefits for designated executives upon death, disability, termination without cause, or resignation for good reason, with enhanced cash severance formulas if a qualifying termination occurs within two years after a change of control. Ira M. Birns, John Rau, and Jose-Miguel (Mike) Tejada were designated as participants under the amended policy.
World Kinect Corporation amended its credit facility to adjust size, pricing, and tenor. The amendment increases the aggregate revolving credit commitments from $1.50 billion to $1.65 billion and replaces the existing $500 million term loan with a new $350 million term loan, maintaining total borrowing capacity at $2.0 billion.
The loans’ pricing was modified: Term SOFR and Alternative Currency Loans carry a margin of 1.5%–2.125%, and Base Rate Loans carry 0.5%–1.125%, in each case based on a defined consolidated total leverage ratio. Commitment fees were lowered to a 0.225%–0.300% range. Maturity was extended from April 1, 2027 to November 10, 2030, with a one-time one-year extension option subject to specified conditions.
Proceeds from the New Term Loan, plus approximately $93 million of cash on hand, were used to repay all amounts outstanding under the Original Term Loan and to pay related fees and expenses. The facility includes customary events of default.
World Kinect Corporation announced a planned leadership transition and board expansion. The Board appointed Andrea B. Smith as director effective Oct 24, 2025, increasing the Board from 10 to 11, with service on the Compensation and Governance Committees. The by‑laws were amended to increase authorized directors to enable these appointments. Ms. Smith will receive standard non‑employee director compensation, including RSUs pro‑rated from a $185,000 annual equity grant that vest before the 2026 annual meeting or one year from grant.
Effective Jan 1, 2026, Ira M. Birns will become Chief Executive Officer and join the Board; Michael J. Kasbar will become Executive Chairman. John Rau will become President on the same date. Jose‑Miguel (Mike) Tejada was appointed EVP and Chief Financial Officer effective Oct 24, 2025 (after the Q3 10‑Q filing) and will serve as principal accounting officer until Nov 1, 2025, when Michael Kroll becomes Chief Accounting Officer. Disclosed compensation includes: CEO base salary $900,000 (Birns), Executive Chairman $850,000 (Kasbar), President $800,000 (Rau), CFO $575,000 (Tejada) plus a $300,000 performance‑based RSU tied to average adjusted EPS through Dec 31, 2027.
World Kinect Corporation furnished an Item 2.02 Form 8‑K announcing it issued a press release reporting financial results for the third quarter of 2025. The press release is attached as Exhibit 99.1.
The company stated this information, including Exhibit 99.1, is being furnished and not deemed “filed” under the Exchange Act. World Kinect’s common stock trades on the NYSE under the symbol WKC.