8-KShareholder Matters

FISERV INC 8-K Report, Shareholder Vote Results (May 19, 2023)

Filed May 19, 2023For Securities:FISV

Summary

Fiserv, Inc. (FISV) filed an 8-K on May 19, 2023, detailing the results of its annual shareholder meeting held on May 17, 2023. The key outcomes of the meeting include the overwhelming election of eight directors to the board, demonstrating strong shareholder confidence in the current leadership. Additionally, shareholders provided advisory approval for the compensation of named executive officers and overwhelmingly supported holding this advisory vote on an annual basis. The company also successfully ratified Deloitte & Touche LLP as its independent registered public accounting firm for the upcoming fiscal year. Notably, a shareholder proposal requesting an independent board chair policy was rejected by a significant margin. These results indicate a general alignment between management and shareholders on governance matters, with strong support for executive compensation practices and the board's composition, while also signaling a preference against certain structural governance changes proposed by shareholders.

Key Highlights

  • 1Eight directors were overwhelmingly elected to the Fiserv, Inc. board of directors.
  • 2Shareholders provided advisory approval for the compensation of named executive officers with a strong 'For' vote.
  • 3An overwhelming majority of shareholders voted in favor of holding an annual advisory vote on executive compensation.
  • 4The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2023, was ratified.
  • 5A shareholder proposal requesting an independent board chair policy was rejected by a substantial majority.
  • 6The board of directors resolved to hold an annual advisory vote on executive compensation, aligning with shareholder preference.

Frequently Asked Questions

The main outcomes were the election of directors, advisory approval of executive compensation, approval of an annual advisory vote on executive compensation, ratification of the independent auditor, and the rejection of a shareholder proposal for an independent board chair.

Shareholders approved, on an advisory basis, the compensation of the named executive officers with a significant majority of 'For' votes. They also overwhelmingly voted in favor of holding this advisory vote every year.

The shareholder proposal requesting an independent board chair policy was rejected by a substantial margin, with significantly more 'Against' votes than 'For' votes.

Yes, following the shareholder vote, the board of directors resolved to include an advisory vote on the compensation of named executive officers every year.