secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001193125-24-133824
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visa settles Class B-1 exchange offer, enters Makewhole Agreements with holders
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- Settled Class B-1 exchange offer on May 8, 2024; entered Makewhole Agreements with participating holders.
- Makewhole Agreements require holders to reimburse Visa for future litigation escrow deposits if B-2 conversion adjustments depleted.
- Staged transfer of Class C common stock: up to 1/3 before June 20, 2024; up to 2/3 before August 4, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000119312524133824/0001193125-24-133824-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000119312524133824/d829007d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-133824

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