secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001403161-25-000028
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Visa deposits $375M into litigation escrow; adjusts class B conversion rates
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- Deposit of $375M into U.S. litigation escrow account under existing retrospective responsibility plan.
- Class B-1 conversion rate decreased from 1.5653 to 1.5609; class B-2 from 1.5430 to 1.5342, effective March 27, 2025.
- As-converted class B-1 share count reduced by ~21,297 to 7,547,381; B-2 reduced by ~1,060,049 to 184,625,546.
- Conversion adjustments have same EPS effect as repurchasing class A common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000140316125000028/0001403161-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000140316125000028/v-20250326.htm
  HTML page:      https://secwatch.observer/filing/0001403161-25-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer