8-KCorporate ChangesExhibits & Filings

FISERV INC 8-K Report, Bylaw Amendment (Dec 3, 2013)

Filed December 3, 2013For Securities:FISV

Summary

Fiserv Inc. (FISV) filed a Form 8-K on December 3, 2013, to report significant amendments to its Articles of Incorporation, effective December 2, 2013. The primary change was a two-for-one stock split of its common stock, which doubled the number of outstanding shares and increased the authorized common stock from 450,000,000 to 900,000,000. This move is typically made to increase the liquidity and affordability of a company's stock, potentially attracting a broader investor base. Additionally, Fiserv filed a certificate to eliminate provisions related to its Series A Junior Participating Preferred Stock, confirming that none of these shares are outstanding and none will be issued. This streamlining of its corporate structure simplifies its capital stock and may reduce administrative complexity. Investors should note that while the stock split doubles the number of shares held, it does not change the overall value of an investor's holdings at the time of the split.

Key Highlights

  • 1Fiserv implemented a two-for-one stock split for its common stock, effective December 2, 2013.
  • 2The stock split doubles the number of outstanding shares of common stock.
  • 3Authorized shares of common stock were increased from 450,000,000 to 900,000,000 to accommodate the split.
  • 4Fiserv filed a certificate to eliminate provisions related to Series A Junior Participating Preferred Stock.
  • 5Confirmation that no Series A Junior Participating Preferred Stock is outstanding or will be issued.
  • 6The amendments were filed with the Wisconsin Department of Financial Institutions.
  • 7The filings were made to amend Fiserv's Restated Articles of Incorporation.

Frequently Asked Questions

The main purpose of this filing is to report amendments to Fiserv's Articles of Incorporation, primarily a two-for-one stock split of its common stock and the elimination of provisions related to its Series A Junior Participating Preferred Stock.

For every share of Fiserv common stock you owned before the split, you will now own two shares. While the number of shares doubles, the total value of your investment in Fiserv should remain the same immediately after the split, as the price per share will adjust accordingly.

By eliminating the Series A Junior Participating Preferred Stock, Fiserv is simplifying its corporate structure and clarifying its capital stock. This confirms that these preferred shares are not outstanding and will not be issued, which can reduce complexity for shareholders and the company.

The amendments, including the stock split, became effective at the close of business on December 2, 2013.