home · filing · 0001193125-25-011514
8-K filed January 23, 2025, 6:59 PM ET
ticker FISV
CIK 0000798354
leadership
confidence high
sentiment neutral
materiality 0.75
Fiserv appoints Michael P. Lyons as President, CEO-Elect; CEO transition by June 30, 2025
FISERV INC
Lyons to start as President/CEO-Elect on Jan 27, 2025; becomes CEO when Bisignano leaves for Social Security or by June 30, 2025.
Annual base salary $1,300,000; target cash incentive 200% of base; 2025 equity grants of $6.44M RSUs and $9.66M PSUs.
Replacement awards for forfeited PNC equity: $11.67M cash payment plus RSUs/PSUs vesting through 2026.
Board to separate Chairman/CEO roles; Lead Director Doyle R. Simons to become non-executive Chairman on CEO Transition Date.
Bisignano resigns as President Jan 27, remains Chairman/CEO until transition; Lyons also to join Board as CEO.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Role change
Frank J. Bisignano
President
Effective 2025-01-27
Successor Michael P. Lyons
Filed January 23, 2025, 6:59 PM ET
Mr. Bisignano informed the Company that he will resign as the Company’s President, effective as of January 27, 2025
Appointed
Michael P. Lyons
President and CEO-Elect
Effective 2025-01-27
Filed January 23, 2025, 6:59 PM ET
appointed Michael P. Lyons to serve as the Company’s President and CEO-Elect, effective as of January 27, 2025
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Frank J. Bisignano resigned as President at FISERV INC.
Action resigned
Role President
Exact text from the filing
Mr. Bisignano informed the Company that he will resign as the Company’s President, effective as of January 27, 2025
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael P. Lyons was appointed as President and CEO-Elect at FISERV INC.
Action appointed
Role President and CEO-Elect
Exact text from the filing
appointed Michael P. Lyons to serve as the Company’s President and CEO-Elect, effective as of January 27, 2025
View on SEC.gov
Source: SEC EDGAR
accession 0001193125-25-011514
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