What were the main governance decisions made at Visa's Annual Stockholder Meeting?

The main governance decisions involved the election of new Class I and Class II Directors to the Board of Directors and the ratification of KPMG LLP as the company's independent registered public accounting firm for fiscal year 2009.

Who were the key individuals elected to Visa's Board of Directors?

The Class I Directors elected are Hani Al-Qadi, Charles T. Doyle, Peter Hawkins, David I. McKay, Charles W. Scharf, and Segismundo Schulin-Zeuthen. The Class II Directors elected are Thomas J. Campbell, Gary P. Coughlan, Mary B. Cranston, Francisco Javier Fernandez-Carbajal, Suzanne Nora Johnson, and Joseph W. Saunders.

What is the significance of ratifying KPMG LLP?

The ratification of KPMG LLP as the independent auditor signifies that shareholders have approved the company's choice for its external audit firm. This is important for investor confidence, as it indicates an independent assessment of Visa's financial statements.

What action do investors need to take if they wish to submit a proposal for Visa's 2010 annual meeting?

Investors who wish to submit a proposal for inclusion in Visa's 2010 proxy materials must do so by August 3, 2009. Additionally, for proposals not intended for inclusion in the proxy materials but to be presented at the meeting, timely notice must be given to the Corporate Secretary, typically between 90 and 120 days before the meeting.

V 8-K SEC Disclosure — Apr 21, 2009

Summary

Visa Inc. filed an 8-K on April 21, 2009, to report on key outcomes from its Annual Meeting of Stockholders held on April 20, 2009. The primary focus of this filing is the shareholder approval and election of directors to the company's board, along with the ratification of its independent auditor. This event signals the formal governance structure and oversight mechanisms for the coming years. For investors, this filing confirms the composition of the board of directors responsible for strategic decisions and corporate governance. The ratification of KPMG LLP as the independent auditor provides assurance regarding the integrity of the company's financial reporting. Additionally, the filing includes important procedural information for shareholders regarding the submission of proposals for future annual meetings, specifically noting the early deadline for the 2010 meeting.

Key Highlights

1Visa Inc. stockholders approved the election of specific Class I and Class II Directors to serve on the board.
2The elected Class I Directors will serve until the 2011 annual meeting, and Class II Directors until the 2012 annual meeting.
3KPMG LLP was ratified as Visa's independent registered public accounting firm for fiscal year 2009.
4The filing includes a press release dated April 21, 2009, detailing these outcomes, which is furnished but not filed.
5Visa announced its 2010 Annual Meeting is expected on January 20, 2010.
6A deadline of August 3, 2009, was set for submitting stockholder proposals intended for inclusion in the 2010 proxy materials.
7The company provided guidance on advance notice requirements for stockholder proposals to be presented at the annual meeting.

VISA INC. 8-K Report, Corporate Update (Apr 21, 2009)

Summary

Key Highlights

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