8-KShareholder Matters

FISERV INC 8-K Report, Shareholder Vote Results (Apr 18, 2019)

Filed April 18, 2019For Securities:FISV

Summary

This 8-K filing by Fiserv Inc. (FISV) on April 18, 2019, reports on the outcome of a special shareholder meeting held in connection with its proposed acquisition of First Data Corporation. The key takeaway for investors is that Fiserv shareholders overwhelmingly approved both proposals put forth. Specifically, the issuance of Fiserv common stock required for the transaction received strong support, indicating shareholder confidence in the strategic move. The meeting confirmed that a quorum was present, with a significant majority of outstanding shares represented. The overwhelming approval of the Fiserv Share Issuance Proposal is a critical step forward, clearing a major hurdle for the completion of the First Data acquisition. The approval of the Adjournment Proposal also ensures the company has flexibility if needed to finalize the transaction.

Key Highlights

  • 1Fiserv Inc. held a special shareholder meeting on April 18, 2019, related to its proposed acquisition of First Data Corporation.
  • 2Shareholders voted on two key proposals: the Fiserv Share Issuance Proposal and the Fiserv Adjournment Proposal.
  • 3Both Proposal 1 (Fiserv Share Issuance) and Proposal 2 (Fiserv Adjournment) were overwhelmingly approved by Fiserv shareholders.
  • 4Proposal 1, critical for the First Data acquisition, received substantial support with over 328 million votes in favor.
  • 5A quorum was present at the meeting, with over 330 million shares represented.
  • 6The approval of the share issuance proposal is a significant positive development for the completion of the First Data acquisition.
  • 7The filing confirms the participation of Robert W. Hau, CFO and Treasurer, in the filing.

Frequently Asked Questions

The main purpose of the special shareholder meeting was for Fiserv Inc. shareholders to vote on proposals related to the company's proposed acquisition of First Data Corporation.

Yes, both proposals put before the shareholders were overwhelmingly approved. This includes the proposal to issue Fiserv shares for the acquisition and a proposal to allow for adjournment if necessary.

The approval of the Fiserv Share Issuance Proposal is a critical step towards completing the acquisition of First Data Corporation. It signifies shareholder support for the transaction and allows Fiserv to issue the necessary shares as part of the deal.

The approval of the Adjournment Proposal provides Fiserv with the flexibility to adjourn the meeting if needed to solicit additional proxies or for other appropriate reasons, ensuring they can move forward with finalizing the transaction without being hindered by insufficient immediate votes.