secwatch.observer — SEC 8-K summary
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Issuer:     FISERV INC (FISV)
CIK:        0000798354
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001193125-25-011514
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798354/000119312525011514/0001193125-25-011514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798354/000119312525011514/d878275d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-011514

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