8-KLeadership ChangesExhibits & Filings

FISERV INC 8-K Report, Executive Changes (Nov 18, 2015)

Filed November 18, 2015For Securities:FISV

Summary

This Form 8-K filing by Fiserv, Inc. (FISV) on November 18, 2015, primarily announces a change in its Board of Directors. The key event is the appointment of JD Sherman as a new director, effective November 18, 2015. Mr. Sherman has also been assigned to the audit committee of the board. Investors should note that Mr. Sherman's compensation will follow the company's standard non-employee director compensation structure, with his pay pro-rated until the 2016 annual meeting. He will also enter into the company's standard Non-Employee Director Indemnity Agreement. This filing also notes the inclusion of a press release dated November 18, 2015, as an exhibit.

Key Highlights

  • 1JD Sherman appointed to Fiserv, Inc. Board of Directors on November 18, 2015.
  • 2JD Sherman appointed to the Audit Committee of the Board of Directors.
  • 3Mr. Sherman's compensation will align with standard non-employee director arrangements.
  • 4Compensation for Mr. Sherman will be pro-rated for his service period up to the 2016 annual meeting.
  • 5Mr. Sherman will enter into the company's standard Non-Employee Director Indemnity Agreement.
  • 6The filing includes a press release dated November 18, 2015, as Exhibit 99.1.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the appointment of JD Sherman to the Board of Directors and the Audit Committee of Fiserv, Inc.

Mr. Sherman will be compensated according to Fiserv's standard arrangements for non-employee directors. His compensation will be pro-rated based on his service duration leading up to the company's 2016 annual meeting of shareholders.

No, this particular filing is focused solely on the director appointment and committee assignment. It does not contain any new financial statements or other material business updates beyond what is disclosed regarding Mr. Sherman's role.

This agreement is a standard legal protection for directors, typically indemnifying them against potential liabilities that may arise from their service to the company. It is a common practice for publicly traded companies.