secwatch.observer — SEC 8-K summary
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Issuer:     FISERV INC (FISV)
CIK:        0000798354
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0001193125-24-226107
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Fiserv expects $400M-$600M non-cash impairment on WFMS joint venture expiring April 2025
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- WFMS joint venture (40% owned) expires April 1, 2025; impairment charge of $400M-$600M expected in Q3 2024.
- No material future cash expenditures from the charge; company does not expect impact on 2024 adjusted EPS.
- Multiyear processing agreement signed with Wells Fargo for merchant clients post-expiration.
- Medium-term outlook reaffirmed: organic revenue growth 9-12%, adjusted EPS growth 14-18% for 2025-2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798354/000119312524226107/0001193125-24-226107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798354/000119312524226107/d895222d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-226107

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