Fiserv, Inc.
FISERV INC (Form: 8-K, Received: 05/25/2017 16:05:40)

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 24, 2017
 
Fiserv, Inc.
(Exact Name of Registrant as Specified in Charter)

 
 
 
 
 
 
Wisconsin
 
0-14948
 
39-1506125
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
255 Fiserv Drive, Brookfield, Wisconsin 53045
(Address of Principal Executive Offices, Including Zip Code)
(262) 879-5000
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
 



Item 5.07.    Submission of Matters to a Vote of Security Holders.

Fiserv, Inc. (the “Company”) held its annual meeting of shareholders on May 24, 2017. At that meeting, the Company’s shareholders voted on five matters as follows:

Election of Directors

The Company’s shareholders elected nine directors to serve until the annual meeting of shareholders in 2018 and until each of their successors is elected and qualified by the following votes: 

 
 
Votes For
 
Votes Withheld
 
Broker Non-Votes
Alison Davis
 
174,353,095

 
1,725,222

 
19,328,141

John Y. Kim
 
175,417,316

 
661,001

 
19,328,141

Dennis F. Lynch
 
171,637,543

 
4,440,774

 
19,328,141

Denis J. O’Leary
 
175,373,258

 
705,059

 
19,328,141

Glenn M. Renwick
 
138,020,143

 
38,058,174

 
19,328,141

Kim M. Robak
 
173,306,359

 
2,771,958

 
19,328,141

JD Sherman
 
175,423,625

 
654,692

 
19,328,141

Doyle R. Simons
 
171,281,379

 
4,796,938

 
19,328,141

Jeffery W. Yabuki
 
175,629,183

 
449,134

 
19,328,141


Advisory Vote to Approve Named Executive Officer Compensation

The Company’s shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in its 2017 proxy statement by the following votes:

Votes For
 
Votes Against
 
Abstentions
 
Broker Non-Votes
150,249,940
 
25,500,492
 
327,885
 
19,328,141

Advisory Vote on Frequency of Advisory Vote on Named Executive Officer Compensation

The Company’s shareholders approved, on an advisory basis, holding an advisory vote on the compensation of the Company’s named executive officers every year. The votes were as follows:
 
1 Year
 
2 Years
 
3 Years
 
Abstentions
 
Broker Non-Votes
161,039,380
 
220,171
 
14,579,267
 
239,499
 
19,328,141

After taking the results of the vote into consideration, the Company’s board of directors resolved to include in the Company’s proxy materials an advisory vote on the compensation of the Company’s named executive officers every year until the next required vote on the frequency of shareholder advisory votes on the compensation of named executive officers.





Ratification of Independent Registered Public Accounting Firm

The Company’s shareholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2017 by the following votes:
Votes For
 
Votes Against
 
Abstentions
192,010,308
 
3,242,877
 
153,273

Shareholder Proposal Seeking an Amendment to the Company's Proxy Access By-law

The Company’s shareholders rejected a shareholder proposal seeking an amendment to the Company’s proxy access by-law by the following votes:

Votes For
 
Votes Against
 
Abstentions
 
Broker Non-Votes
42,958,494
 
132,581,733
 
538,090
 
19,328,141

Item 8.01.    Other Events.

On May 24, 2017, the Company’s board of directors appointed Glenn M. Renwick to serve as the new Chairman of the board of directors. Mr. Renwick has served as an independent director of the Company since 2001. In addition, the board of directors, upon recommendation of the nominating and corporate governance committee, appointed Doyle R. Simons as the chair of the compensation committee, Denis J. O'Leary as the chair of the audit committee, and Kim M. Robak as the chair of the nominating and corporate governance committee.




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
 
 
 
FISERV, INC.
 
 
 
Date: May 25, 2017
 
By:
 
/s/ Robert W. Hau
 
 
 
 
Robert W. Hau
 
 
 
 
Chief Financial Officer and Treasurer