Western Union Reports Director/Officer Changes & Shareholder Votes
Ticker: WU · Form: 8-K · Filed: May 22, 2024 · CIK: 1365135
Sentiment: neutral
Topics: corporate-governance, officer-changes, shareholder-vote
Related Tickers: WU
TL;DR
WU filed an 8-K: director/officer changes, shareholder votes, and financials are on tap.
AI Summary
The Western Union Company filed an 8-K on May 22, 2024, reporting events as of May 17, 2024. The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. It also includes the submission of matters to a vote of security holders and financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in company leadership and governance, which can impact strategic direction and investor confidence.
Risk Assessment
Risk Level: low — The filing is routine and reports on standard corporate governance matters without immediate financial implications.
Key Players & Entities
- The Western Union Company (company) — Registrant
- May 17, 2024 (date) — Earliest event date
- May 22, 2024 (date) — Filing date
FAQ
What specific director or officer departures are detailed in this filing?
The filing indicates the "Departure of Directors or Certain Officers" as an item reported, but the specific names and details of departures are not provided in this summary section of the 8-K.
Were there any new director elections or officer appointments?
Yes, the filing explicitly mentions the "Election of Directors" and "Appointment of Certain Officers" as items being reported.
What type of compensatory arrangements are being disclosed?
The filing notes "Compensatory Arrangements of Certain Officers" as a reported item, suggesting disclosures related to executive compensation.
Were any matters submitted to a vote of security holders?
Yes, the filing confirms the "Submission of Matters to a Vote of Security Holders" as an event reported.
What financial information is included with this filing?
The filing includes "Financial Statements and Exhibits" as part of the reported items.
Filing Stats: 1,129 words · 5 min read · ~4 pages · Grade level 12.2 · Accepted 2024-05-22 16:05:48
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 Par Value WU The New York Stock Exc
Filing Documents
- wu-20240517.htm (8-K) — 96KB
- wu-ex10_1.htm (EX-10.1) — 198KB
- 0000950170-24-063489.txt ( ) — 439KB
- wu-20240517.xsd (EX-101.SCH) — 26KB
- wu-20240517_htm.xml (XML) — 4KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Western Union Company 2024 Long-Term Incentive Plan At the 2024 Annual Meeting of Stockholders (the "Annual Meeting") of The Western Union Company (the "Company") held on May 17, 2024, the Company's stockholders approved The Western Union Company 2024 Long-Term Incentive Plan (the "2024 Plan"), which had been previously approved by the Company's Board of Directors (the "Board of Directors") subject to stockholder approval. The 2024 Plan replaces The Western Union Company 2015 Long-Term Incentive Plan (the "Prior Plan") with respect to future grants. The following paragraphs provide a summary of certain terms of the 2024 Plan. The purposes of the 2024 Plan are: (i) to advance the interests of the Company by attracting and retaining high caliber employees, and other key individuals who perform services for the Company or its subsidiaries or affiliates; (ii) to align the interests of the Company's stockholders and recipients of awards under the 2024 Plan by increasing the proprietary interest of such recipients in the Company's growth and success; and (iii) to motivate award recipients to act in the long-term best interests of the Company and its stockholders. The Compensation and Benefits Committee of the Board of Directors will administer the 2024 Plan and will designate the eligible award recipients under the 2024 Plan; provided that in the case of awards granted to non-employee members of the Board of Directors, the Board of Directors will act as administrator of the 2024 Plan. Under the 2024 Plan, the Company may grant: (i) non-qualified stock options; (ii) "incentive stock options" (within the meaning of Section 422 of the Internal Revenue Code); (iii) stock appreciation rights ("SARs"); (iv) restricted stock, restricted stock units, and other stock awards ("Stock Awards"); and (v) performance
07
Item 5.07. Submission of Matters to a Vote of Security Holders. On May 17, 2024, at the Annual Meeting, the stockholders of the Company: (i) elected the persons listed below to serve as directors of the Company for a one-year term; (ii) on an advisory basis, voted to approve the compensation of the Company's named executive officers, as set forth in the Company's proxy statement for the Annual Meeting; (iii) ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2024; and (iv) approved the 2024 Plan. The final voting results for the matters voted upon at the Annual Meeting are as follows: Proposal 1: Election of Directors. Name Votes For Votes Against Abstentions Broker Non-Votes Julie M. Cameron-Doe 283,256,057 1,923,504 284,417 21,024,916 Martin I. Cole 281,924,593 3,237,884 301,501 21,024,916 Suzette M. Deering 282,715,740 2,464,000 284,238 21,024,916 Betsy D. Holden 263,544,664 21,631,758 287,556 21,024,916 Jeffrey A. Joerres 278,693,021 6,464,574 306,383 21,024,916 Devin B. McGranahan 281,328,127 3,817,169 318,682 21,024,916 Michael A. Miles, Jr. 268,632,917 16,515,618 315,443 21,024,916 Timothy P. Murphy 283,234,298 1,898,628 331,052 21,024,916 Jan Siegmund 283,151,156 2,015,703 297,119 21,024,916 Angela A. Sun 282,334,614 2,842,997 286,367 21,024,916 Solomon D. Trujillo 273,814,829 11,335,839 313,310 21,024,916 Proposal 2: Advisory Vote to Approve Executive Compensation. Votes For Votes Against Abstentions Broker Non-Votes 259,119,065 25,885,672 459,241 21,024,916 Proposal 3: Ratification of Selection of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm for 2024. Votes For Votes Against Abstentions Broker Non-Votes 302,476,030 3,583,964 428,900 0 Proposal 4: Approval of The Western Union Company 2024 Long-Term
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 10.1 The Western Union Company 2024 Long-Term Incentive Plan 101 Inline XBRL Document Set for the Cover Page from this Current Report on Form 8-K, formatted as Inline XBRL 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. Dated: May 22, 2024 THE WESTERN UNION COMPANY By: /s/ D ARREN A. D RAGOVICH Name: Darren A. Dragovich Title: Vice President and Secretary