Short answer
Fiserv (FISV) filed an 8-K current report with the SEC on June 15, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Michael Lyons resigned as CEO and director effective June 12, 2026, without severance, equity acceleration, or benefits continuation.
Fiserv 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Michael Lyons resigned as CEO and director effective June 12, 2026, without severance, equity acceleration, or benefits continuation
- Takis Georgakopoulos became CEO and director June 14, 2026, bringing prior JPMorgan payments leadership experience
- CEO compensation includes $1,300,000 base salary, 200% target cash incentive, and $18,600,000 annual equity opportunity
- Georgakopoulos receives $6,000,000 promotion equity awards, split 60% PSUs and 40% RSUs
- CFO Paul Todd receives $5,000,000 RSUs after waiving Good Reason resignation rights tied to Lyons’s departure
Item 7.01 · Regulation FD Disclosure
- Exhibit 99.1 furnished under Regulation FD, with disclosure generally excluded from Section 18 filing liability
- Information not incorporated by reference into other filings unless expressly stated
Item EX-99.1 · Exhibit EX-99.1
- Takis Georgakopoulos appointed CEO and director effective immediately, replacing Mike Lyons
- Lyons departs to become CEO of Truist Financial Corporation, creating an immediate leadership transition
- New CEO brings payments, technology, AI, and cybersecurity experience, including prior leadership at J.P. Morgan
- Strategic emphasis remains on Merchant Solutions, Clover, AI, platform modernization, and the One Fiserv action plan
- 2026 outlook reaffirmed: organic revenue growth 1%–3% and adjusted EPS $8.00–$8.30
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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