8-KEarnings & ResultsOther EventsExhibits & Filings

FISERV INC 8-K Report, Financial Results (Jan 16, 2019)

Filed January 16, 2019For Securities:FISV

Summary

Fiserv, Inc. (FISV) filed an 8-K on January 16, 2019, reporting two significant events. The first is the release of preliminary financial results for the fourth quarter and full year ended December 31, 2018, which was provided via an attached press release. While specific figures are not detailed within the 8-K itself, this filing signals the company's regular disclosure of its operational and financial performance to the market. The second, and arguably more impactful, announcement is the definitive merger agreement between Fiserv and First Data Corporation. This all-stock transaction represents a major strategic move for Fiserv, aiming to combine two significant players in the payment processing and financial technology space. The filing also includes an accompanying investor presentation which likely provides further details on the strategic rationale, financial projections, and expected synergies of this substantial acquisition.

Key Highlights

  • 1Fiserv announced preliminary financial results for Q4 and FY 2018 via press release.
  • 2Fiserv entered into a definitive merger agreement to acquire First Data Corporation.
  • 3The acquisition of First Data will be an all-stock transaction.
  • 4The merger agreement was announced on January 16, 2019.
  • 5An investor presentation detailing the merger agreement was also issued.
  • 6The filing incorporates by reference three exhibits: Fiserv's preliminary results press release, the joint Fiserv/First Data merger press release, and Fiserv's investor presentation.

Frequently Asked Questions

This 8-K filing serves two main purposes: to announce Fiserv's preliminary financial results for the fourth quarter and full year of 2018, and more significantly, to announce the definitive merger agreement under which Fiserv will acquire First Data Corporation in an all-stock transaction.

The acquisition of First Data is a major strategic move that will combine two substantial companies in the financial technology and payment processing industry. While the 8-K doesn't detail synergies, the investor presentation (Exhibit 99.3) likely outlines the expected benefits, such as expanded market reach, enhanced service offerings, and potential cost efficiencies.

More details regarding the preliminary financial results can be found in the press release attached as Exhibit 99.1. Comprehensive information about the merger agreement, including the strategic rationale and financial aspects, is available in the joint press release (Exhibit 99.2) and the investor presentation (Exhibit 99.3), both incorporated by reference into this 8-K.

The transaction is an all-stock deal, meaning Fiserv will acquire First Data by issuing its own stock to First Data shareholders, rather than using cash.