---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-212472"
form_type: "8-K"
ticker: null
cik: "0001393612"
company_name: "Discover Financial Services"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T10:29:18.224225+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Discover Financial CEO resigns; John Owen named interim CEO; board adds Shepherd

## Summary
- CEO Roger Hochschild resigned effective Aug 14, 2023; will serve as advisor through Dec 31, 2023.
- Board appointed John B. Owen as Interim CEO and President effective Aug 14, 2023.
- J. Michael Shepherd appointed to Board, will serve on Risk Oversight Committee.
- Special search committee formed to find permanent CEO; leading global search firm engaged.

## SEC filing metadata
- accession: 0001193125-23-212472
- form_type: 8-K
- cik: 0001393612
- company_name: Discover Financial Services
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393612/000119312523212472/0001193125-23-212472-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393612/000119312523212472/d573571d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-212472
- JSON: https://secwatch.observer/filing/0001193125-23-212472.json
- Plain text: https://secwatch.observer/filing/0001193125-23-212472.txt

## Key facts
- Executive change
  John B. Owen was appointed as Interim Chief Executive Officer and Interim President at Discover Financial Services.
  - Action: appointed
  - Role: Interim Chief Executive Officer and Interim President
  source text: the Board appointed John B. Owen as Interim Chief Executive Officer and Interim President of the Company and as Interim President of the Bank, effective August 14, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393612/000119312523212472/0001193125-23-212472-index.htm
- Executive change
  J. Michael Shepherd was appointed as Director at Discover Financial Services.
  - Action: appointed
  - Role: Director
  source text: the Board appointed J. Michael Shepherd as a director of the Company and as a member of the Board of Directors of the Bank, effective August 14, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393612/000119312523212472/0001193125-23-212472-index.htm

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