8-KLeadership Changes

FISERV INC 8-K Report, Executive Changes (Mar 17, 2025)

Filed March 17, 2025For Securities:FISV

Summary

Fiserv, Inc. (FISV) announced a significant addition to its board of directors with the appointment of Stephanie Cohen, effective March 15, 2025. Ms. Cohen, a seasoned executive with extensive experience in strategy and finance, brings a strong background from her roles at Cloudflare Inc. and Goldman Sachs, where she held leadership positions in areas such as platform solutions, consumer and wealth management, and M&A. Her appointment is expected to bolster the board's strategic oversight and financial acumen. Ms. Cohen has been deemed independent by the NYSE and SEC standards, ensuring objective guidance. She will be compensated according to the company's standard non-employee director arrangements and will be eligible for the deferred compensation plan. Investors should view this appointment as a positive step towards enhanced corporate governance and strategic direction, leveraging Ms. Cohen's deep industry knowledge.

Key Highlights

  • 1Stephanie Cohen appointed to Fiserv's Board of Directors, effective March 15, 2025.
  • 2Ms. Cohen brings substantial experience as Chief Strategy Officer at Cloudflare Inc. and various leadership roles at Goldman Sachs.
  • 3The board has determined Ms. Cohen meets independence requirements under NYSE and SEC rules.
  • 4Ms. Cohen's compensation will follow standard non-employee director arrangements.
  • 5She will be eligible to participate in the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.
  • 6Ms. Cohen will enter into the Company’s standard Non-Employee Director Indemnity Agreement.

Frequently Asked Questions

Stephanie Cohen, aged 47, has been appointed to Fiserv's Board of Directors. She most recently served as the Chief Strategy Officer of Cloudflare Inc. from 2024. Prior to Cloudflare, she had a long tenure at Goldman Sachs (1999-2024), holding key positions including Global Head of Platform Solutions, Global Co-Head of Consumer and Wealth Management, Chief Strategy Officer, and Global Head of Financial Sponsors M&A.

The board of directors has determined that Ms. Cohen is independent under the rules of the New York Stock Exchange and the U.S. Securities Exchange Act of 1934. This designation is important for corporate governance, as it indicates she can exercise objective judgment and act in the best interests of all shareholders without undue influence.

Ms. Cohen will participate in Fiserv's standard compensation arrangements for non-employee directors, as detailed in their Non-Employee Director Compensation Schedule. Additionally, she will be eligible for the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan.

The filing states that there are currently no transactions in which Ms. Cohen has or will have an interest that would require disclosure under Item 404(a) of Regulation S-K.