8-KSecurities & ListingRegulation FDExhibits & Filings

FISERV INC 8-K Report, Listing Notice (May 25, 2023)

Filed May 25, 2023For Securities:FISV

Summary

Fiserv, Inc. (FISV) announced its intention to voluntarily delist its common stock from the Nasdaq Stock Market and transfer its listing to the New York Stock Exchange (NYSE). This transition is expected to be effective around June 6, 2023, with trading on the NYSE commencing on June 7, 2023, under the new ticker symbol 'FI'. The company stated that its existing senior notes will remain listed on Nasdaq. This move signifies a strategic shift in the company's exchange listing, potentially driven by various factors such as perceived prestige, market access, or operational considerations associated with the NYSE. Investors should note that this change in listing venue is primarily a procedural and symbolic event and is not expected to fundamentally alter Fiserv's business operations or financial performance. The company has secured approval for its common stock listing on the NYSE, and the transition appears to be managed smoothly, with minimal expected disruption to trading. The existing senior notes are unaffected by this common stock transfer. Investors should monitor the company's communications for any further details regarding the implications, if any, of this listing transfer.

Key Highlights

  • 1Fiserv, Inc. is voluntarily transferring its common stock listing from Nasdaq to the New York Stock Exchange (NYSE).
  • 2The transition is expected to be effective around June 6, 2023.
  • 3Trading on the NYSE will commence on June 7, 2023.
  • 4The common stock will trade on the NYSE under the new ticker symbol 'FI'.
  • 5The company's senior notes will continue to be listed and traded on Nasdaq.
  • 6This is a voluntary move and not a result of failing to meet listing requirements.

Frequently Asked Questions

The filing does not provide a specific reason for the move, stating it was authorized by the Board of Directors. Companies typically move exchanges for various strategic reasons, which can include perceived prestige, access to different investor bases, or specific market services offered by the exchange.

Your Fiserv shares will automatically transfer. You do not need to take any action. Trading will cease on Nasdaq at the close of business on or about June 6, 2023, and will resume on the NYSE at the market open on or about June 7, 2023, under the new ticker symbol 'FI'.

The filing explicitly states that Fiserv's senior notes will continue to be listed and traded on Nasdaq. This listing transfer only affects the common stock.

A change in listing venue is generally a procedural event and does not directly impact the company's fundamental value or operations. While there might be minor short-term volatility due to the transition or initial trading on the new exchange, it is not expected to cause a significant or lasting change in the stock price based solely on the listing transfer itself.