secwatch.observer — SEC 8-K summary
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Issuer:     FISERV INC (FISV)
CIK:        0000798354
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001193125-22-290040
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798354/000119312522290040/0001193125-22-290040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798354/000119312522290040/d606620d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-290040

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