Western Union Files Proxy Statement Supplement
Ticker: WU · Form: DEFA14A · Filed: Apr 9, 2024 · CIK: 1365135
Sentiment: neutral
Topics: proxy-statement, annual-meeting, regulatory-filing
Related Tickers: WU
TL;DR
WU filed proxy docs, shareholders vote soon.
AI Summary
The Western Union Company (WU) has filed a Definitive Additional Materials (DEFA14A) document on April 9, 2024, supplementing its proxy statement dated April 2, 2024. This filing pertains to the upcoming annual meeting of stockholders. The document is related to soliciting materials under Section 240.14a-12 of the Securities Exchange Act of 1934.
Why It Matters
This filing provides additional information to Western Union shareholders regarding the upcoming annual meeting, ensuring they have all necessary details for voting on company matters.
Risk Assessment
Risk Level: low — This is a routine regulatory filing for an annual shareholder meeting and does not contain new financial information or strategic changes that would inherently increase risk.
Key Players & Entities
- Western Union Company (company) — Registrant
- 0001365135 (company) — Central Index Key
- 7001 EAST BELLEVIEW AVENUE (company) — Business Address
- DENVER (company) — Business Address City
- CO (company) — Business Address State
- 80237 (company) — Business Address Zip
- 20240409 (date) — Filing Date
- April 2, 2024 (date) — Original Proxy Statement Date
FAQ
What type of filing is this?
This is a Definitive Additional Materials (DEFA14A) filing, supplementing the proxy statement dated April 2, 2024.
Who is the registrant for this filing?
The registrant is The Western Union Company.
When was this filing submitted?
This filing was submitted on April 9, 2024.
What is the purpose of this filing?
This filing serves as a supplement to the proxy statement for the annual meeting of stockholders and is considered soliciting material under Section 240.14a-12.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Filing Stats: 427 words · 2 min read · ~1 pages · Grade level 14 · Accepted 2024-04-09 08:45:44
Filing Documents
- wu4321451_defa14a.htm (DEFA14A) — 33KB
- 0001206774-24-000351.txt ( ) — 34KB
From the Filing
ADDITIONAL MATERIALS UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant   Check the appropriate box: Preliminary Proxy Statement   Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))   Definitive Proxy Statement Definitive Additional Materials   Soliciting Material under §240.14a-12   The Western Union Company (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials.   Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11.   THE WESTERN UNION COMPANY SUPPLEMENT TO THE PROXY STATEMENT DATED APRIL 2, 2024 FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 17, 2024 The following information supplements and amends the definitive proxy statement on Schedule 14A of The Western Union Company (the “Company”) filed with the Securities and Exchange Commission (the “SEC”) on April 2, 2024 (the “Proxy Statement”) in connection with the solicitation of proxies by the Company for the Annual Meeting of Stockholders to be held on May 17, 2024 (the “2024 Annual Meeting”). The Proxy Statement includes a proposal (Proposal Four) to approve The Western Union Company 2024 Long-Term Incentive Plan (the “2024 Plan”). The sole purpose of this supplement is to update the table in Proposal Four which describes the Company’s burn rate for the past three fiscal years (the “Burn Rate Table”) in order to reflect the full value awards granted in 2021 and 2022. The Burn Rate Table below, inclusive of the updates reflected in this supplement, was also previously disclosed in the Company’s Annual Report to Security Holders, which was filed with the SEC on April 2, 2024. This supplement should be read in conjunction with the Proxy Statement. Except as described above, this supplement does not amend, supplement or otherwise affect the Proxy Statement. Burn Rate Table Information Our Proxy Statement is hereby updated to replace the Burn Rate Table on page 73 of the Proxy Statement with the following table: FULL VALUE AWARDS WEIGHTED AVERAGE NUMBER OF STOCK SHARES OF FISCAL STOCK OPTIONS OPTIONS + FULL COMMON STOCK YEAR GRANTED RSU s GRANTED PSUs GRANTED VALUE AWARDS OUTSTANDING BURN RATE 2023 1,000,000 3,000,000 1,600,000 5,600,000 370,800,000 1.49% 2022 500,000 2,600,000 1,400,000 4,500,000 387,200,000 1.15% 2021 2,600,000 2,600,000 1,100,000 6,300,000 406,800,000 1.53%