8-KLeadership ChangesExhibits & Filings

FISERV INC 8-K Report, Executive Changes (Nov 19, 2014)

Filed November 19, 2014For Securities:FISV

Summary

Fiserv, Inc. (FISV) filed a Form 8-K on November 19, 2014, to announce a significant change in its board of directors. The company appointed Alison Davis as a new director, effective November 18, 2014, and also as a member of the audit committee. Ms. Davis brings extensive experience in financial services, private equity, and technology investment, having held leadership roles at Fifth Era, Belvedere Capital Partners, Barclays Global Investors, A.T. Kearney, and McKinsey & Company. Her current directorships include Royal Bank of Scotland Group plc, Diamond Foods, Inc., and Unisys Corporation. This appointment signals a potential strengthening of Fiserv's governance and strategic oversight, particularly with her expertise in technology-enabled companies and financial services. Investors should note that Ms. Davis will be compensated under the company's standard non-employee director arrangements, pro-rated for her service period. The filing also notes the inclusion of a press release dated November 19, 2014, as an exhibit, which likely provides further details on this appointment.

Key Highlights

  • 1Fiserv, Inc. appointed Alison Davis to its Board of Directors on November 18, 2014.
  • 2Ms. Davis was also appointed to the company's Audit Committee.
  • 3Ms. Davis has a strong background in financial services, private equity, and technology investment.
  • 4Her prior experience includes roles at Fifth Era, Belvedere Capital Partners, Barclays Global Investors, A.T. Kearney, and McKinsey & Company.
  • 5She currently serves on the boards of Royal Bank of Scotland Group plc, Diamond Foods, Inc., and Unisys Corporation.
  • 6Ms. Davis will be compensated according to the company's standard non-employee director compensation plan, pro-rated for her term.
  • 7A press release dated November 19, 2014, is included as an exhibit to this filing.

Frequently Asked Questions

Alison Davis is a new director appointed to Fiserv's board. She has a distinguished career in financial services, private equity, and technology investment. Her experience includes being a managing partner at Fifth Era and Belvedere Capital Partners, CFO of Barclays Global Investors, and consulting roles at A.T. Kearney and McKinsey & Company. She also holds current board positions at other public companies.

Her appointment is significant due to her extensive experience in financial technology, investment, and corporate governance. Her background, particularly in investing in and incubating early-stage technology-enabled companies, could bring valuable strategic insights to Fiserv as it navigates the evolving financial services landscape.

Ms. Davis will participate in Fiserv's standard compensation arrangements for non-employee directors. This compensation will be pro-rated based on the portion of the fiscal year she serves as a director, up to the company's 2015 annual meeting of shareholders.

The filing primarily announces the appointment of Ms. Davis and her committee assignment. It also includes a press release dated November 19, 2014, as an exhibit, which likely elaborates on the announcement and may contain further details or commentary.