8-KLeadership ChangesExhibits & Filings

FISERV INC 8-K Report, Executive Changes (Jul 11, 2016)

Filed July 11, 2016For Securities:FISV

Summary

This 8-K filing by Fiserv, Inc. (FISV) reports the appointment of John Y. Kim to its Board of Directors, effective July 11, 2016. Mr. Kim's appointment is a key governance update, and investors will want to note his integration into the board's committee structure, which is expected to be finalized at a future meeting. Mr. Kim will be compensated under the company's standard non-employee director arrangements and will enter into the standard Non-Employee Director Indemnity Agreement. While the filing does not detail Mr. Kim's specific qualifications or committee preferences, his addition to the board signifies a change in the company's leadership composition. The filing also includes a press release as an exhibit, which may offer further context on this appointment.

Key Highlights

  • 1John Y. Kim appointed to Fiserv, Inc. Board of Directors effective July 11, 2016.
  • 2Committee assignments for Mr. Kim are pending and expected to be determined at the next board meeting.
  • 3Mr. Kim will receive compensation based on Fiserv's standard non-employee director compensation plan.
  • 4Mr. Kim will enter into the Company's standard Non-Employee Director Indemnity Agreement.
  • 5The filing includes a press release dated July 11, 2016, as Exhibit 99.1, which may provide additional details.
  • 6The Chief Financial Officer and Treasurer, Robert W. Hau, signed the report.

Frequently Asked Questions

This 8-K filing does not provide specific details about John Y. Kim's professional background or qualifications. However, his appointment to the Board of Directors suggests he brings relevant experience and expertise to Fiserv, Inc. Investors may find more information about his background in the press release (Exhibit 99.1) or through other public disclosures.

The appointment of a new director can potentially influence a company's strategic direction, particularly if the director brings specialized expertise or a fresh perspective. However, this filing solely announces the appointment and does not elaborate on any immediate strategic shifts. Further information on how Mr. Kim's contributions might shape the company's strategy may emerge over time through subsequent company communications and board decisions.

The filing states that Fiserv, Inc. anticipates the board of directors will determine Mr. Kim's committee assignments at its next regular meeting. No specific date for this meeting is provided in the 8-K.

The filing refers to standard arrangements filed previously. Specifically, it notes that Mr. Kim will participate in the arrangements set forth on the Non-Employee Director Compensation Schedule filed as Exhibit 10.1 to Fiserv's Quarterly Report on Form 10-Q for the quarter ended June 30, 2015. Investors can refer to that prior filing for detailed information on director compensation.