UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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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 |
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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. ☐ |
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
On August 11, 2022, Raj Agrawal, Chief Financial Officer of The Western Union Company (the “Company”), notified the Company of his decision to resign from his position to pursue other business opportunities. Mr. Agrawal will remain with the Company until September 2, 2022. The Company intends to initiate a process to appoint a successor.
On August 16, 2022, the Company issued a press release regarding the foregoing matter. The press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
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Exhibit Number |
Description of Exhibit |
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99.1 |
Press Release issued by The Western Union Company on August 16, 2022
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101 |
Inline XBRL Document Set for the Cover Page from this Current Report on Form 8-K, formatted as Inline XBRL |
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
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Dated: August 16, 2022 |
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THE WESTERN UNION COMPANY |
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By: |
/s/ DARREN A. DRAGOVICH |
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Name: |
Darren A. Dragovich |
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Title: |
Vice President and Assistant Secretary |
Exhibit 99.1
Western Union Announces Departure of Chief Financial Officer, Raj Agrawal
DENVER, AUGUST 16, 2022 – The Western Union Company (NYSE: WU) announces the departure of Raj Agrawal, Chief Financial Officer (CFO). After a 16-year tenure at Western Union, Agrawal is moving to Arrow Electronics to serve as its Chief Financial Officer. He will leave Western Union September 2, 2022.
“On behalf of my Executive Team, our Board of Directors, and our employees, I’d like to express my sincere gratitude to Raj for his 16 years of service to Western Union, and on a personal level, for his partnership since my arrival in late 2021,” said Devin McGranahan, President and Chief Executive Officer of Western Union. “Raj has been an integral part of our executive leadership team, and we wish him the very best as he begins his next chapter,” concluded McGranahan.
“My time at Western Union has been rewarding both personally and professionally. It has allowed me to pursue a variety of roles from Treasurer to leading finance for the EMEA/APAC region. It ultimately allowed me to progress from leading our former Business Solutions segment to, most recently, leading the global finance organization,” said Agrawal. “It has been an honor to work alongside so many exceptional people over the course of my tenure with the company, and I look forward to watching the next chapter of this iconic company.”
Western Union is launching a comprehensive internal and external search process to identify a new CFO and will name an interim successor, effective upon Agrawal’s departure, within the next two weeks.
WU-G
# # #
About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Western Union’s platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and approximately 130 currencies. We connect consumers, businesses, financial institutions, and governments through one of the world’s widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and a substantial global network of retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit www.westernunion.com.
Media contacts:
Contacts:
Media Relations:
Claire Treacy
Media@westernunion.com
1
Investor Relations:
Tom Hadley
WesternUnion.IR@westernunion.com
2
Document And Entity Information |
Aug. 11, 2022 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Aug. 11, 2022 |
Entity Registrant Name | THE WESTERN UNION COMPANY |
Entity Central Index Key | 0001365135 |
Entity Emerging Growth Company | false |
Entity File Number | 001-32903 |
Entity Incorporation, State or Country Code | DE |
Entity Tax Identification Number | 20-4531180 |
Entity Address, Address Line One | 7001 East Belleview Avenue |
Entity Address, City or Town | Denver |
Entity Address, State or Province | CO |
Entity Address, Postal Zip Code | 80237 |
City Area Code | 866 |
Local Phone Number | 405-5012 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.01 Par Value |
Trading Symbol | WU |
Security Exchange Name | NYSE |
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