The company said the U.S. Senate confirmed Frank J. Bisignano as Commissioner of the Social Security Administration on May 6, 2025, and that he resigned as Chairman and Chief Executive Officer and a director of Fiserv.

1. 01

   The company said the U.S. Senate confirmed Frank J. Bisignano as Commissioner of the Social Security Administration on May 6, 2025, and that he resigned as Chairman and Chief Executive Officer and a director of Fiserv.

2. 02

   Fiserv said Michael P. Lyons, its President and CEO-Elect, became Chief Executive Officer and a director on the same day and stepped down as President. The offer letter Lyons and the company executed on January 22, 2025 is incorporated by reference to Item 5.02 of the Form 8-K filed on the same date.

3. 03

   The company said Doyle R. Simons, the lead independent director, became non-executive Chairman of the Board on May 6, 2025.

4. 04

   The company said that as of the Confirmation Date, Bisignano held 112,921 unvested performance share units (PSUs) for the 2023-2025 performance period and 83,899 unvested PSUs for the 2024-2026 performance period. Based on the relevant performance multiplier and pro-rated vesting, 153,787 and 57,127 PSUs, respectively, vested on the Confirmation Date. It said unvested PSUs as of that date were forfeited.

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Original filing

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