---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-290040"
form_type: "8-K"
ticker: "FISV"
cik: "0000798354"
company_name: "FISERV INC"
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T15:26:15.358625+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Fiserv adopts executive severance policy requiring advisory vote on large payouts; amends bylaws for universal proxy

## Summary
- New policy requires advisory shareholder vote if any executive's cash severance exceeds 2.99x base salary plus target bonus.
- Bylaws amended to align with SEC universal proxy Rule 14a-19 for director elections.
- Meeting adjournment procedures revised; 'chairman' references updated to 'chair'.
- Other minor changes to Article I (Offices), Article III (Committees and Director Compensation).
- Policy applies to new or amended severance arrangements after Nov 16, 2022.

## SEC filing metadata
- accession: 0001193125-22-290040
- form_type: 8-K
- ticker: FISV
- cik: 0000798354
- company_name: FISERV INC
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798354/000119312522290040/0001193125-22-290040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798354/000119312522290040/d606620d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-290040
- JSON: https://secwatch.observer/filing/0001193125-22-290040.json
- Plain text: https://secwatch.observer/filing/0001193125-22-290040.txt

## Key facts
- Governance Changes
  FISERV INC: Amended and restated bylaws to align with SEC universal proxy rules, modify meeting adjournment procedures, update chair references, and make other minor changes (effective 2022-11-16).
  - Change: bylaw amendment
  - Effective: 2022-11-16
  source text: On November 16, 2022, the Board approved an amendment and restatement of the amended and restated by-laws (as amended, the “By-laws”) of the Company to (a) align Sections 5 and 10 of Article II of the By-laws with the Securities and Exchange Commission’s new requirements regarding universal proxies pursuant to Rule 14a-19 promulgated under the Securities Exchange Act of 1934, as amended; (b) modify the provisions relating to meeting adjournment procedures in Section 8(b) of Article II of the By-laws; (c) update references to the “chairman” of the Board to “chair” throughout the By-laws; and (d) make certain other minor changes to Article I – Offices, Section 13, Article III – Committees, and Section 14, Article III – Compensation of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798354/000119312522290040/0001193125-22-290040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.