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FIRST DATA CORPORATION (NYSE:FDC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

FIRST DATA CORPORATION (NYSE:FDC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 20, 2017, the Board of Directors (Board) of First Data Corporation (FDC) elected HenriqueDe Castro as a director of FDC. The Board also appointed Mr. De Castro as a member of the Risk Committee.

Henrique De Castro is the former Chief Operating Officer of Yahoo! Inc., a digital media company that delivers personalized digital content and experiences worldwide by offering online properties and services to users. He held that position from November 2012 to January 2014. He previously served at Google Inc., a company that builds technology products and provides services to organize information, as President, Partner Business Worldwide from March 2012 to November 2012 and as President, Global Media, Mobile & Platforms from June 2009 to March 2012. Mr. De Castro is an advisor to Cantor Fitzgerald and has been a board member of Target Corporation since 2013.

Mr. De Castro will receive the compensation for nonemployee directors not associated with Kohlberg Kravis Roberts & Co. as described in Exhibit 10.1.

There are no arrangements or understandings between Mr. De Castro and any other person to which he was selected to become a member of the Board. There also are no transactions between Mr. De Castro and FDC or any subsidiary of FDC that are reportable under Item 404(a) of Regulation S-K.

Item 9.01.Financial Statements and Exhibits

(d) The following is a list of the Exhibits filed with this report.

Exhibit Number

Exhibit Description

10.1

Description of Compensation of Directors

FIRST DATA CORP ExhibitEX-10.1 2 exhibit101directorcompensa.htm EXHIBIT 10.1 Exhibit Exhibit 10.1Description of Compensation of DirectorsEach director not employed by First Data Corporation (FDC) or affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR) receives the following compensation:•An award of common stock valued at $150,…To view the full exhibit click here
About FIRST DATA CORPORATION (NYSE:FDC)
First Data Corporation is an electronic commerce company. The Company is a merchant acquirer, issuer processor and independent network services provider, which enables businesses to accept electronic payments, helping financial institutions issue credit, debit and prepaid cards. Its segments include Global Business Solutions (GBS), which provides retail point-of-sale merchant acquiring and e-commerce services, as well as mobile payment services, Webstore-in-a-box solutions, and cloud-based Clover point-of-sale operating system; Global Financial Solutions (GFS), which provides credit solutions for bank and non-bank issuers and include credit and retail private-label card processing, as well as licensed financial software systems, such as its VisionPLUS bank processing application and lending solutions; Network & Security Solutions (NSS), Which provides a range of solutions that it sell to clients in its Global Business Solutions and Global Financial Solutions segments, and Corporate.

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