8-KLeadership Changes

FISERV INC 8-K Report, Executive Changes (Aug 1, 2023)

Filed August 1, 2023For Securities:FISV

Summary

Fiserv, Inc. (FISV) announced on August 1, 2023, the appointment of Charlotte Yarkoni to its Board of Directors. Ms. Yarkoni brings extensive experience in cloud, AI, and commerce ecosystems, most recently serving as President of Commerce, Ecosystems, Cloud & AI at Microsoft Corporation. Her appointment is expected to add valuable industry perspective to the board, given her significant background in technology and software businesses. Ms. Yarkoni has been deemed independent by the company, adhering to NYSE and SEC regulations. She will participate in Fiserv's standard compensation arrangements for non-employee directors, including participation in the deferred compensation plan and entering into a standard director indemnity agreement. Investors should note that her board committee assignments are pending.

Key Highlights

  • 1Appointment of Charlotte Yarkoni to the Fiserv, Inc. Board of Directors, effective August 1, 2023.
  • 2Ms. Yarkoni brings significant experience from leadership roles at Microsoft Corporation, including President of Commerce, Ecosystems, Cloud & AI.
  • 3The company has determined Ms. Yarkoni is independent according to NYSE and SEC rules.
  • 4Ms. Yarkoni's prior experience includes leadership at Telstra Software Group.
  • 5She will receive compensation consistent with Fiserv's standard non-employee director compensation schedule and deferred compensation plan.
  • 6Ms. Yarkoni will enter into the company's standard Non-Employee Director Indemnity Agreement.
  • 7Board committee membership for Ms. Yarkoni is to be determined.

Frequently Asked Questions

Charlotte Yarkoni is a new appointee to Fiserv's Board of Directors. She is 53 years old and has extensive experience in the technology sector, most recently serving as President of Commerce, Ecosystems, Cloud & AI at Microsoft Corporation. Prior to that, she held other leadership roles at Microsoft and served as President of Telstra Software Group.

Ms. Yarkoni's appointment brings a wealth of experience in cloud computing, artificial intelligence, and digital commerce ecosystems, areas highly relevant to Fiserv's business. Her leadership background at a major technology company like Microsoft is expected to provide valuable strategic insights and enhance the board's expertise.

Ms. Yarkoni will be compensated according to Fiserv's standard non-employee director compensation arrangements. This includes participation in the company's Non-Employee Director Deferred Compensation Plan and entering into a standard Non-Employee Director Indemnity Agreement. Specific details can be found in previously filed exhibits and Fiserv's proxy statement.

Yes, the Fiserv Board of Directors has determined that Ms. Yarkoni is independent under the rules of the New York Stock Exchange and the U.S. Securities Exchange Act of 1934.