8-KEarnings & ResultsLeadership ChangesExhibits & Filings

FISERV INC 8-K Report, Financial Results (Oct 27, 2015)

Filed October 27, 2015For Securities:FISV

Summary

Fiserv, Inc. (FISV) filed an 8-K on October 27, 2015, to report on its third-quarter 2015 financial results and a significant executive change. The company announced its financial performance for the quarter ended September 30, 2015, via a press release filed as an exhibit. This release would contain key metrics regarding the company's operational and financial condition during the period, providing investors with insights into revenue, profitability, and any material trends. Additionally, the filing disclosed the impending retirement of Chief Financial Officer, Thomas J. Hirsch, effective March 31, 2016. Mr. Hirsch will continue to support the company in a special projects capacity during the transition, ensuring continuity and knowledge transfer. This leadership transition is a key point of interest for investors monitoring the company's financial strategy and stability.

Key Highlights

  • 1Fiserv announced its financial results for the third quarter ended September 30, 2015, via a press release.
  • 2The press release detailing financial results is attached as Exhibit 99.1.
  • 3Chief Financial Officer, Thomas J. Hirsch, announced his intention to retire.
  • 4Mr. Hirsch's retirement as CFO is effective March 31, 2016.
  • 5Following his retirement as CFO, Mr. Hirsch will remain with Fiserv to assist the CEO with special projects and the successor transition.
  • 6The filing was made on October 27, 2015, with the earliest event reported on October 26, 2015.

Frequently Asked Questions

The 8-K filing on October 27, 2015, primarily references a press release (Exhibit 99.1) that would contain the detailed financial results for the quarter ended September 30, 2015. Investors would need to refer to that press release for specific figures on revenue, net income, earnings per share, and other key financial performance indicators.

This specific 8-K filing does not name a successor for Thomas J. Hirsch. It only states his intention to retire on March 31, 2016, and that he will assist with the transition.

While Mr. Hirsch is retiring from his CFO role, he will remain available to assist the CEO with special projects and the transition. This suggests a planned and potentially smooth handover. However, any significant change in financial leadership can introduce new perspectives and approaches, which investors will monitor for potential impacts on future financial strategy and execution.

This arrangement indicates Fiserv's commitment to a structured and orderly transition. It allows the company to leverage Mr. Hirsch's deep knowledge of Fiserv's operations and finances during the crucial handover period, potentially mitigating disruption and ensuring continuity.