8-KLeadership ChangesCorporate ChangesExhibits & Filings

FISERV INC 8-K Report, Executive Changes (Nov 2, 2020)

Filed November 2, 2020For Securities:FISV

Summary

Fiserv, Inc. (FISV) announced a significant change in its board composition with the appointment of Kevin M. Warren as a director, effective October 30, 2020. This appointment necessitates an amendment to the company's bylaws to reflect the increase in the number of directors. Mr. Warren will be subject to the company's standard non-employee director compensation arrangements and will enter into the standard Non-Employee Director Indemnity Agreement. This board expansion signals a potential strengthening of leadership and governance at Fiserv. Investors should monitor future committee assignments for Mr. Warren, as these will indicate the specific areas of the board's focus and strategy he will contribute to. The standard compensation and indemnity agreements suggest a continuation of established practices for director remuneration and protection.

Key Highlights

  • 1Appointment of Kevin M. Warren to the Fiserv, Inc. Board of Directors, effective October 30, 2020.
  • 2Mr. Warren's appointment increases the total number of directors on the board.
  • 3The company's bylaws were amended and restated to reflect the updated board composition.
  • 4Mr. Warren will participate in standard non-employee director compensation arrangements.
  • 5Mr. Warren is eligible for the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
  • 6Mr. Warren will enter into the company's standard Non-Employee Director Indemnity Agreement.
  • 7Committee assignments for Mr. Warren are pending and will be determined at a future board meeting.

Frequently Asked Questions

The filing does not provide specific details about Kevin M. Warren's background or professional experience. However, his appointment to the board of directors of Fiserv, Inc. indicates a significant addition to the company's leadership.

Mr. Warren's appointment increases the size of the board, requiring an amendment to the company's bylaws. This change could bring new perspectives and expertise to the board's oversight and decision-making processes.

The financial implications are primarily related to Mr. Warren's compensation as a non-employee director, which will follow Fiserv's standard arrangements. These arrangements are publicly available through referenced SEC filings and are typical for board members.

The company anticipates that Mr. Warren's committee assignments will be determined at the board's next regular meeting. Investors will likely see this information in future filings or communications.