Visa Inc. Files 8-K Report on Other Events
Ticker: V · Form: 8-K · Filed: Sep 26, 2024 · CIK: 1403161
| Field | Detail |
|---|---|
| Company | Visa INC. (V) |
| Form Type | 8-K |
| Filed Date | Sep 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $1.5 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure
Related Tickers: V
TL;DR
Visa filed an 8-K for 'Other Events' on 9/24. No specific details yet.
AI Summary
On September 24, 2024, Visa Inc. filed an 8-K report detailing "Other Events." The filing does not contain specific financial transactions or material agreements, but rather serves as a notification of events that may be of interest to investors. The report was filed on September 26, 2024.
Why It Matters
This filing indicates Visa Inc. is disclosing events beyond standard financial reporting, which could include regulatory updates, legal proceedings, or other significant corporate developments.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for 'Other Events' and does not disclose any immediate financial risks or negative developments.
Key Players & Entities
- Visa Inc. (company) — Registrant
- September 24, 2024 (date) — Date of earliest event reported
- September 26, 2024 (date) — Filing date
FAQ
What specific 'Other Events' are being reported by Visa Inc. in this 8-K filing?
The provided text of the 8-K filing does not specify the details of the 'Other Events'; it only indicates that this section is being used for such disclosures.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on September 24, 2024.
On what date was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on September 26, 2024.
What is Visa Inc.'s state of incorporation?
Visa Inc. is incorporated in Delaware.
What is Visa Inc.'s principal executive office address?
Visa Inc.'s principal executive offices are located at P.O. Box 8999, San Francisco, California, 94128-8999.
Filing Stats: 520 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-09-26 16:06:03
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share V New York Stock Exchange 1.
- $1.5 billion — he "Company") authorized the deposit of $1.5 billion into the litigation escrow account prev
Filing Documents
- v-20240924.htm (8-K) — 34KB
- v-20240924_g1.jpg (GRAPHIC) — 15KB
- 0001403161-24-000047.txt ( ) — 226KB
- v-20240924.xsd (EX-101.SCH) — 3KB
- v-20240924_def.xml (EX-101.DEF) — 7KB
- v-20240924_lab.xml (EX-101.LAB) — 29KB
- v-20240924_pre.xml (EX-101.PRE) — 18KB
- v-20240924_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. On September 24, 2024, Visa Inc. (the "Company") authorized the deposit of $1.5 billion into the litigation escrow account previously established under the Company's U.S. retrospective responsibility plan (the "Plan"). Under the terms of the Plan, when the Company funds the U.S. litigation escrow account, the value of the Company's class B-1 and B-2 common stock, which are held predominantly by U.S. financial institutions and their affiliates and successors, are subject to dilution through downward adjustments to the conversion rates of the class B-1 to class A common stock and class B-2 to class A common stock. This has the same effect on earnings per share as repurchasing the Company's class A common stock. The deposit and the adjustments to the class B-1 and B-2 conversion rates will be conducted in accordance with the Company's certificate of incorporation currently in effect.
SIGNATURES
SIGNATURES 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. VISA INC. Date: September 26, 2024 By: /s/ Chris Suh Chris Suh Chief Financial Officer