Visa Inc. Files 8-K Report
Ticker: V · Form: 8-K · Filed: Oct 11, 2024 · CIK: 1403161
| Field | Detail |
|---|---|
| Company | Visa INC. (V) |
| Form Type | 8-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $1.5 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 8-k, disclosure
Related Tickers: V
TL;DR
Visa filed an 8-K on Oct 11, 2024, reporting 'Other Events'.
AI Summary
On October 11, 2024, Visa Inc. filed an 8-K report with the SEC. The filing indicates "Other Events" as the primary item of disclosure. No specific financial transactions or material events were detailed in the provided excerpt.
Why It Matters
This filing serves as an official notification to the SEC and the public about significant corporate events or changes at Visa Inc.
Risk Assessment
Risk Level: low — The filing is a routine disclosure and does not contain information that suggests immediate financial risk.
Key Players & Entities
- Visa Inc. (company) — Registrant
- October 11, 2024 (date) — Date of Report
- SEC (company) — Regulatory body
FAQ
What specific 'Other Events' are being reported by Visa Inc. in this 8-K filing?
The provided excerpt of the 8-K filing does not detail the specific 'Other Events' being reported; it only indicates this as the item of disclosure.
When was this 8-K report filed by Visa Inc.?
The 8-K report was filed on October 11, 2024.
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.
What is Visa Inc.'s IRS Employer Identification Number?
Visa Inc.'s IRS Employer Identification Number is 26-0267673.
Under which section of the Securities Exchange Act of 1934 is this 8-K report filed?
This 8-K report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 570 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-10-11 16:05:32
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 — from its September 26, 2024 deposit of $1.5 billion into the U.S. litigation escrow account
Filing Documents
- v-20241011.htm (8-K) — 34KB
- v-20241011_g1.jpg (GRAPHIC) — 15KB
- 0001403161-24-000050.txt ( ) — 227KB
- v-20241011.xsd (EX-101.SCH) — 3KB
- v-20241011_def.xml (EX-101.DEF) — 7KB
- v-20241011_lab.xml (EX-101.LAB) — 29KB
- v-20241011_pre.xml (EX-101.PRE) — 18KB
- v-20241011_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. On October 11, 2024, Visa Inc. (the "Company") announced new conversion rates applicable to the Company's class B-1 and B-2 common stock resulting from its September 26, 2024 deposit of $1.5 billion into the U.S. litigation escrow account previously established under the Company's U.S. retrospective responsibility plan (the "Plan"). Under the terms of the Plan, the conversion rate applicable to the Company's class B-1 common stock decreased from 1.5875 to 1.5653 and the conversion rate applicable to the Company's class B-2 common stock decreased from 1.5875 to 1.5430, in each case effective as of September 26, 2024. The conversion rate adjustments have the same effect on earnings per share as repurchasing the Company's class A common stock. Therefore, the as-converted class B-1 common stock share count was reduced by approximately 107,575 from 7,676,253 to 7,568,678 and the as-converted class B-2 common stock share count was reduced by approximately 5,354,510 from 191,040,105 to 185,685,595. The deposit and conversion rate adjustment calculations were conducted in accordance with the Company's certificate of incorporation currently in effect using the volume-weighted average price over the 13-day pricing period from September 24, 2024 through October 10, 2024.
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: October 11, 2024 By: /s/ Chris Suh Chris Suh Chief Financial Officer