UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 11, 2021

WARBURG PINCUS CAPITAL CORPORATION I-B

(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code: (212) 878-0600

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

On June 11, 2021, Warburg Pincus Capital Corporation I-B (the “Company”) announced the appointment of Gunther T. Bright as a new director of the Company. Mr. Bright has been appointed to serve on the audit committee, the nominating committee and the compensation committee of the Company, with such appointment effective upon him becoming a director of the Company.

Mr. Bright has held a variety of leadership roles across American Express since 1994. Currently Mr. Bright is the Executive Vice President and General Manager, Global and U.S. Large Enterprises and has held this role since 2020. In this role, Mr. Bright leads strategy, business transformation, acquisition and client management for American Express’ largest commercial prospects and clients, generating over $1 billion in revenue for American Express. Prior to this, from 2014 to 2020, Mr. Bright was EVP and GM of U.S. - Merchant Services – the company’s largest business unit for merchant acquisition, retention and growth, where he was directly responsible for annual billed volume of over $400 billion in 2019. Mr. Bright is on the executive committee of Junior Achievement of New York and Alvin Ailey American Dance Theatre, and is a member of the Executive Leadership Council. He received his Bachelor of Arts degree in Economics from Pace University.

The board of directors of the Company has affirmatively determined that Mr. Bright meets the applicable standards for an independent director under both the rules of the New York Stock Exchange and Rule 10A-3 under the Securities Exchange Act of 1934.

Mr. Bright will not be compensated by the Company for his services as a director and has not entered into an employment agreement with the Company.

In connection with this appointment, Mr. Bright is expected to enter into an indemnity agreement, registration and shareholder rights agreement and a letter agreement with the Company on the same terms as the indemnity agreements, registration and shareholder rights agreement and letter agreement entered into by the directors and officers of the Company at the time of the Company’s initial public offering.

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.

Dated: June 14, 2021