8-KMaterial AgreementsExhibits & Filings

FISERV INC 8-K Report, Material Agreement (Apr 12, 2005)

Filed April 12, 2005For Securities:FISV

Summary

This 8-K filing by Fiserv, Inc. on April 12, 2005, primarily reports on the outcomes of its 2005 Annual Meeting of Shareholders held on April 6, 2005. The most significant information for investors is the shareholder approval of two key compensation plans: the amended and restated Executive Incentive Compensation Plan and the amended and restated Stock Option and Restricted Stock Plan. These approvals signal the company's continued commitment to incentivizing its executive team through performance-based cash bonuses and equity awards. The Executive Incentive Compensation Plan, effective for the 2005 fiscal year and onwards, is designed to reward executives based on achieving specific performance goals. Similarly, the Stock Option and Restricted Stock Plan, effective from February 16, 2005, provides a framework for granting stock options and restricted stock, aligning executive interests with those of shareholders. These actions are crucial for talent retention and driving long-term shareholder value.

Key Highlights

  • 1Shareholder approval of the amended and restated Fiserv, Inc. Executive Incentive Compensation Plan at the 2005 Annual Meeting.
  • 2Shareholder approval of the amended and restated Fiserv, Inc. Stock Option and Restricted Stock Plan at the 2005 Annual Meeting.
  • 3The Executive Incentive Compensation Plan is effective for the 2005 calendar year and subsequent years.
  • 4The Stock Option and Restricted Stock Plan is effective as of February 16, 2005.
  • 5Both plans are designed to incentivize executive performance and align with shareholder interests.
  • 6These plans will remain in effect until terminated by the Company's Board of Directors.

Frequently Asked Questions

The primary outcomes reported were the shareholder approvals of the amended and restated Executive Incentive Compensation Plan and the amended and restated Stock Option and Restricted Stock Plan.

The Executive Incentive Compensation Plan authorizes annual cash bonuses for executives based on the achievement of defined performance goals. It is effective starting with the 2005 fiscal year.

The Stock Option and Restricted Stock Plan provides a mechanism for the company to grant stock options and restricted stock to its employees. It is designed to incentivize performance and align executive interests with those of shareholders and is effective from February 16, 2005.

No, both the Executive Incentive Compensation Plan and the Stock Option and Restricted Stock Plan will remain in effect unless and until they are terminated by the Company's Board of Directors.