secwatch.observer — SEC 8-K summary
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Issuer:     Discover Financial Services (—)
CIK:        0001393612
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0001193125-25-122107
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Discover completes merger with Capital One; DFS shareholders receive 1.0192 COF shares per share
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- On May 18, 2025, merger closed; each DFS share converted into 1.0192 shares of COF common stock.
- DFS common stock delisted from NYSE as of May 19; COF to file Form 15 to deregister DFS.
- Three former DFS directors (Maheras, Shepherd, Wong) appointed to COF board, expanding it to 15.
- Executives Greene, Strle, Toney entered gross-up agreements for excise taxes; aggregate cap of $25M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393612/000119312525122107/0001193125-25-122107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393612/000119312525122107/d928199d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-122107

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