8-KLeadership ChangesExhibits & Filings

FISERV INC 8-K Report, Executive Changes (Aug 24, 2007)

Filed August 24, 2007For Securities:FISV

Summary

This 8-K filing from Fiserv, Inc. (FISV) on August 24, 2007, primarily announces the appointment of Doyle R. Simons to the company's Board of Directors, effective August 21, 2007. Mr. Simons, aged 43, brings significant executive experience from his tenure at Temple-Inland, Inc., where he has held various leadership roles including Executive Vice President since 2005. His appointment suggests a strengthening of the board with experienced leadership, which is generally a positive signal for investors regarding corporate governance and strategic oversight. The filing also includes a press release dated August 23, 2007, as an exhibit, though the specific contents of this press release are not detailed in the provided 8-K text. Investors should note that while the board appointment is a material event, the lack of immediate committee assignment for Mr. Simons means further details on his specific contributions to board committees will be forthcoming. The filing is routine, confirming an action taken by the company and fulfilling disclosure requirements.

Key Highlights

  • 1Fiserv, Inc. appointed Doyle R. Simons to its Board of Directors, effective August 21, 2007.
  • 2Mr. Simons brings extensive executive experience, most recently as Executive Vice President of Temple-Inland, Inc.
  • 3His prior roles at Temple-Inland include Chief Administrative Officer and Vice President.
  • 4Mr. Simons possesses a strong educational background with degrees from Baylor University and The University of Texas, plus the Stanford Executive Program.
  • 5The filing indicates that Mr. Simons' committee assignments on the board are yet to be determined.
  • 6The report includes a press release dated August 23, 2007, as an exhibit.
  • 7The disclosure fulfills the requirements of Item 5.02 (Departure/Election of Directors/Officers) and Item 9.01 (Financial Statements and Exhibits) of Form 8-K.

Frequently Asked Questions

Doyle R. Simons, 43, was appointed to the Fiserv, Inc. Board of Directors effective August 21, 2007. He brings significant executive experience, having served as an Executive Vice President of Temple-Inland, Inc. since 2005, and holding other senior administrative and financial roles there previously. His appointment likely aims to enhance the board's expertise and oversight.

The appointment of a seasoned executive like Mr. Simons to the board is generally viewed positively by investors as it can strengthen corporate governance and strategic decision-making. It signals that the company is actively seeking experienced leadership to guide its future direction.

At the time of this filing, Fiserv, Inc. had not yet determined which committees Mr. Simons will serve on. Investors may anticipate further announcements regarding his committee assignments, which could indicate areas of particular focus or expertise for him on the board.

In addition to the board appointment, this 8-K filing includes Exhibit 99.1, which is a press release dated August 23, 2007. While the content of the press release is not detailed in the provided 8-K text, it is typically an accompanying announcement related to the material event disclosed.