8-KLeadership Changes

FISERV INC 8-K Report, Executive Changes (Mar 4, 2008)

Filed March 4, 2008For Securities:FISV

Summary

Fiserv, Inc. (FISV) filed an 8-K report on March 4, 2008, to disclose executive compensation details. The filing specifically reports on the approval of cash incentive awards for 2007 and the establishment of base salaries for 2008 for key executive officers. This information is important for investors seeking to understand the compensation structure and potential incentives for the company's leadership team. The report details the 2007 cash incentive awards and 2008 base salaries for named executive officers, including Jeffrey W. Yabuki, Thomas J. Hirsch, Norman J. Balthasar, and Thomas A. Neill. The figures indicate adjustments in compensation for some executives, with increases in base salary for 2008 for Thomas J. Hirsch and Norman J. Balthasar. Investors can use this data to assess executive remuneration relative to company performance and industry standards.

Key Highlights

  • 1Fiserv, Inc. filed an 8-K on March 4, 2008.
  • 2The filing reports on executive compensation decisions made on February 27, 2008.
  • 3The Compensation Committee of the Board of Directors approved the compensation actions.
  • 4The report includes 2007 cash incentive awards for named executive officers.
  • 5The report also details the 2008 base salaries for named executive officers.
  • 6Key executives covered include Jeffrey W. Yabuki, Thomas J. Hirsch, Norman J. Balthasar, and Thomas A. Neill.
  • 7Some executives saw an increase in their 2008 base salary compared to their 2007 compensation.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report on the approved cash incentive awards for 2007 and the established base salaries for 2008 for Fiserv, Inc.'s named executive officers.

The filing discloses compensation details for Jeffrey W. Yabuki, Thomas J. Hirsch, Norman J. Balthasar, and Thomas A. Neill, all of whom were named executive officers in Fiserv's 2007 proxy statement.

Yes, Thomas J. Hirsch saw an increase in his base salary from $300,000 in 2007 (implied, as no 2007 salary is listed but 2007 incentive is) to $400,000 for 2008. Norman J. Balthasar's base salary increased from $620,500 in 2007 to $730,000 for 2008.

The compensation committee of the board of directors of Fiserv, Inc. approved these cash incentive awards and base salaries.