8-KOther Events

FISERV INC 8-K Report, Corporate Update (Mar 12, 2014)

Filed March 12, 2014For Securities:FISV

Summary

This 8-K filing from Fiserv, Inc. (FISV) primarily announces a key leadership transition within its Board of Directors. Effective May 28, 2014, Daniel P. Kearney will assume the role of Chairman of the Board, succeeding Donald F. Dillon. Mr. Dillon has had a long tenure with the company, serving as Chairman for the past 14 years and as a director since 1995, totaling nearly 40 years of service to Fiserv or its predecessor. Mr. Kearney, who has been an independent director since 1999, brings his extensive experience to the leadership position. This change represents a significant, albeit planned, shift in the company's highest governing body, which investors typically monitor for continuity and strategic direction. The filing ensures transparency regarding this material event.

Key Highlights

  • 1Daniel P. Kearney appointed as the new Chairman of the Board, effective May 28, 2014.
  • 2Donald F. Dillon to step down as Chairman on May 28, 2014, after 14 years in the role.
  • 3Donald F. Dillon has a long history with Fiserv, spanning nearly 40 years.
  • 4Daniel P. Kearney has served as an independent director of Fiserv since 1999.
  • 5The leadership change is effective upon the conclusion of the current Chairman's term.

Frequently Asked Questions

The main event is the appointment of Daniel P. Kearney as the new Chairman of the Board of Directors for Fiserv, Inc., effective May 28, 2014, succeeding Donald F. Dillon.

The incoming Chairman is Daniel P. Kearney. He has been an independent director of Fiserv since 1999, indicating a long-standing familiarity with the company's operations and governance.

Donald F. Dillon is concluding a 14-year tenure as Chairman and has been a director since 1995, with nearly 40 years of overall service to Fiserv or its predecessors. His departure marks the end of an era of leadership continuity and experience at the highest level of the company.

The leadership transition, with Daniel P. Kearney assuming the role of Chairman, will take effect on May 28, 2014, when Donald F. Dillon's current term as Chairman ends.