Fiserv Elects New Directors, Adjusts Executive Compensation

Ticker: FISV · Form: 8-K · Filed: 2024-03-13T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

TL;DR

Fiserv adds two directors and updates exec pay packages.

AI Summary

On March 12, 2024, Fiserv, Inc. announced changes to its board of directors and executive compensation. Specifically, the company elected two new directors, Ms. Sarah L. Bucher and Mr. David L. Hoffman, to its board. Additionally, the company entered into new employment agreements with certain executive officers, including Mr. Frank J. Bisignano, CEO, and Mr. Robert J. McCoy, CFO, detailing their compensation arrangements.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are common and typically do not indicate significant new risks.

Key Players & Entities

FAQ

Who are the newly elected directors at Fiserv, Inc. as of March 12, 2024?

As of March 12, 2024, Fiserv, Inc. elected Ms. Sarah L. Bucher and Mr. David L. Hoffman as new directors.

What is the effective date of the reported changes in the 8-K filing?

The earliest event reported in the 8-K filing is dated March 12, 2024.

What specific items are covered in this 8-K filing for Fiserv, Inc.?

This 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

Which executive officers have new employment agreements mentioned in the filing?

The filing mentions new employment agreements with certain executive officers, including CEO Frank J. Bisignano and CFO Robert J. McCoy.

In which state is Fiserv, Inc. incorporated?

Fiserv, Inc. is incorporated in Wisconsin.

From the Filing

0001193125-24-066902.txt : 20240313 0001193125-24-066902.hdr.sgml : 20240313 20240313164408 ACCESSION NUMBER: 0001193125-24-066902 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240312 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240313 DATE AS OF CHANGE: 20240313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FISERV INC CENTRAL INDEX KEY: 0000798354 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 391506125 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38962 FILM NUMBER: 24746588 BUSINESS ADDRESS: STREET 1: 600 N. VEL R. PHILLIPS AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53203 BUSINESS PHONE: 4148795000 MAIL ADDRESS: STREET 1: 600 N. VEL R. PHILLIPS AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53203 8-K 1 d793857d8k.htm 8-K 8-K FISERV INC false 0000798354 0000798354 2024-03-12 2024-03-12 0000798354 us-gaap:CommonStockMember 2024-03-12 2024-03-12 0000798354 fi:SeniorNotesDue2027Member 2024-03-12 2024-03-12 0000798354 fi:M1.625SeniorNotesDue20303Member 2024-03-12 2024-03-12 0000798354 fi:SeniorNotesDue2025Member 2024-03-12 2024-03-12 0000798354 fi:M3.000SeniorNotesDue20311Member 2024-03-12 2024-03-12 0000798354 fi:M4.500SeniorNotesDue20312Member 2024-03-12 2024-03-12     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): March 12, 2024     Fiserv, Inc. (Exact Name of Registrant as Specified in Charter)       Wisconsin   1-38962   39-1506125 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   600 N. Vel R. Phillips Avenue , Milwaukee , WI 53203 (Address of Principal Executive Offices, Including Zip Code) (262) 879-5000 (Registrant’s telephone number, including area code)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act :   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.01 per share   FI   The New York Stock Exchange 1.125% Senior Notes due 2027   FI27   The New York Stock Exchange 1.625% Senior Notes due 2030   FI30   The New York Stock Exchange 2.250% Senior Notes due 2025   FI25   The New York Stock Exchange 3.000% Senior Notes due 2031   FI31   The New York Stock Exchange 4.500% Senior Notes due 2031   FI31A   The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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

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