secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001193125-24-131519
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visa completes exchange of 98% of Class B-1 common stock for B-2 and C shares
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- 240,677,470 Class B-1 shares tendered in exchange offer that expired May 3, 2024.
- Visa will issue 120,338,683 Class B-2 and 47,759,832 Class C shares in exchange.
- Cash paid for fractional shares based on $268.49 Class A closing price on expiration date.
- Accepted shares represent 98% of outstanding Class B-1 common stock.
- Settlement will occur promptly after announcement on May 6, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000119312524131519/0001193125-24-131519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000119312524131519/d835374d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-131519

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