8-KLeadership ChangesExhibits & Filings

FISERV INC 8-K Report, Executive Changes (Nov 29, 2012)

Filed November 29, 2012For Securities:FISV

Summary

This 8-K filing from Fiserv, Inc. (FISV) on November 29, 2012, primarily announces a key change in its board of directors. The company elected Christopher M. Flink as a new director, effective November 28, 2012. Mr. Flink brings extensive experience from IDEO, a prominent innovation and design firm, where he has held significant leadership roles and advised clients across various sectors, including retail and consumer products. His background in innovation and design is expected to contribute to Fiserv's strategic direction. In addition to his board seat, Mr. Flink has been appointed to the nominating and corporate governance committee. His compensation will follow the company's standard non-employee director compensation plan, pro-rated for his service period. This appointment signals Fiserv's ongoing focus on leveraging external expertise to drive innovation and governance, which could be of interest to investors monitoring the company's strategic evolution and board composition.

Key Highlights

  • 1Christopher M. Flink elected to Fiserv's Board of Directors on November 28, 2012.
  • 2Mr. Flink appointed to the Nominating and Corporate Governance Committee.
  • 3Mr. Flink possesses significant experience in innovation and design, having been a partner at IDEO.
  • 4His expertise spans retail, education, and consumer products innovation.
  • 5Mr. Flink also holds alecturer position at Stanford University's Graduate School of Business and the Hasso Plattner Institute of Design.
  • 6Compensation for Mr. Flink will align with Fiserv's standard non-employee director arrangements, pro-rated for his tenure.
  • 7The filing includes an exhibit: a press release dated November 29, 2012.

Frequently Asked Questions

Christopher M. Flink is a partner at the innovation and design firm IDEO, where he leads client relationships and innovation projects. He was elected to the Fiserv board on November 28, 2012, likely to bring his expertise in innovation, design thinking, and corporate governance to the company.

Mr. Flink has been appointed to the Nominating and Corporate Governance Committee of Fiserv's Board of Directors. This committee is typically responsible for overseeing board composition, director nominations, and corporate governance practices.

Mr. Flink will be compensated according to Fiserv's standard non-employee director compensation arrangements. His compensation will be pro-rated based on the portion of the term served until the company's 2013 annual meeting of shareholders.

This appointment suggests Fiserv is seeking to enhance its strategic direction and innovation capabilities by adding a director with a strong background in design and innovation. Investors may view this as a positive step towards adapting to market changes and improving corporate governance.