secwatch.observer — SEC 8-K summary
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Issuer:     Discover Financial Services (—)
CIK:        0001393612
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001193125-23-212472
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393612/000119312523212472/0001193125-23-212472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393612/000119312523212472/d573571d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-212472

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer