VISA INC. (NYSE:V) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Inc. (the Company), upon the recommendation of the Boards
Nominating and Corporate Governance Committee, increased the size
of the Board from nine to 10 members and appointed John F.
Lundgren to the Board, effective immediately, for a term that
will expire at the Companys 2018 Annual Meeting of Stockholders.
Mr. Lundgren was also appointed to the Audit and Risk Committee,
effective immediately. A press release announcing Mr. Lundgrens
appointment to the Board is attached hereto as Exhibit 99.1 to
this Current Report on Form 8-K.
within the meaning of the New York Stock Exchange listing
standards. There are no arrangements or understandings between
Mr. Lundgren and any other persons to which he was selected as a
director. There are no transactions involving the Company and Mr.
Lundgren that the Company would be required to report to Item
404(a) of Regulation S-K.
committee service in accordance with the Companys standard
compensation arrangements for non-employee directors, which are
described in the Companys definitive proxy statement on Schedule
14A filed with the U.S. Securities and Exchange Commission (the
SEC) on December 8, 2016.
Lundgren in the form of the Companys standard form of
indemnification agreement. Such form of indemnification agreement
was included as Exhibit 10.1 to the Companys Current Report on
Form 8-K, filed with the SEC on October 25, 2012, and is
incorporated herein by reference.
the Board declared a quarterly cash dividend of $0.165 per share
of class A common stock (determined in the case of class B and C
common stock and series B and C convertible participating
preferred stock on an as-converted basis), payable on June 6,
2017, to all holders of record as of May 19, 2017.
this Current Report on Form 8-K.
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Item 9.01
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Financial Statements and Exhibits.
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99.1
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Press release issued by Visa Inc., dated April 18, 2017
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99.2
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Press release issued by Visa Inc., dated April 18, 2017
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About VISA INC. (NYSE:V)
Visa Inc. (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants. The Company’s transaction processing network facilitates authorization, clearing and settlement of payment transactions and enables to provide its financial institution and merchant clients a range of products, platforms and value-added services. The Company is a retail electronic payment network based on payments volume, number of transactions and number of cards in circulation. Its products/services include core products, processing infrastructure, transaction processing services, digital products, merchant products, and risk products and payment security initiatives. VISA INC. (NYSE:V) Recent Trading Information
VISA INC. (NYSE:V) closed its last trading session down -0.08 at 89.73 with 6,122,795 shares trading hands.