---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-011514"
form_type: "8-K"
ticker: "FISV"
cik: "0000798354"
company_name: "FISERV INC"
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T17:45:49.604955+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fiserv appoints Michael P. Lyons as President, CEO-Elect; CEO transition by June 30, 2025

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-011514
- form_type: 8-K
- ticker: FISV
- cik: 0000798354
- company_name: FISERV INC
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798354/000119312525011514/0001193125-25-011514-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798354/000119312525011514/d878275d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-011514
- JSON: https://secwatch.observer/filing/0001193125-25-011514.json
- Plain text: https://secwatch.observer/filing/0001193125-25-011514.txt

## Key facts
- Executive change
  Frank J. Bisignano resigned as President at FISERV INC.
  - Action: resigned
  - Role: President
  source text: Mr. Bisignano informed the Company that he will resign as the Company’s President, effective as of January 27, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/798354/000119312525011514/0001193125-25-011514-index.htm
- Executive change
  Michael P. Lyons was appointed as President and CEO-Elect at FISERV INC.
  - Action: appointed
  - Role: President and CEO-Elect
  source text: appointed Michael P. Lyons to serve as the Company’s President and CEO-Elect, effective as of January 27, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/798354/000119312525011514/0001193125-25-011514-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.