UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 15, 2014
THE WESTERN UNION COMPANY
(Exact name of registrant as specified in its charter)
Delaware | 001-32903 | 20-4531180 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) | ||
12500 East Belford Avenue Englewood, Colorado |
80112 | |||
(Address of principal executive offices) | (Zip Code) |
(866) 405-5012
(Registrants telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d)
On July 15, 2014, The Western Union Company (the Company) Board of Directors (the Board) voted to appoint Robert W. Selander to the Board and to the Compensation and Benefits and Compliance Committees of the Board, effective July 17, 2014.
There is no arrangement or understanding between Mr. Selander and any other persons pursuant to which Mr. Selander was selected as a director. There are no transactions involving Mr. Selander requiring disclosure under Item 404(a) of Regulation S-K.
Mr. Selander will receive the standard compensation received by the Companys current non-employee directors, as discussed in the Companys Proxy Statement dated April 2, 2014.
A copy of the press release announcing the appointment of Mr. Selander to the Board is attached hereto as Exhibit 99.1.
Item 9.01 | Financial Statements and Exhibits. |
Exhibit |
Description of Exhibit | |
99.1 | Press Release issued by Western Union on July 16, 2014 |
SIGNATURE
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.
THE WESTERN UNION COMPANY | ||||||
Dated: July 16, 2014 | By: | /s/ Darren A. Dragovich | ||||
Name: Title: |
Darren A. Dragovich Assistant Secretary |
EXHIBIT INDEX
Exhibit |
Description of Exhibit | |
99.1 | Press Release issued by Western Union on July 16, 2014 |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Robert W. Selander Appointed to Western Union Board of Directors
ENGLEWOOD, Colo. July 16, 2014 The Western Union Company (NYSE: WU), a leader in global payment services, today announced that Robert W. Selander has been appointed to the companys Board of Directors, effective July 17, 2014, to serve until the next annual election of directors in 2015.
Mr. Selander will serve on the Compensation and Benefits and Compliance Committees of the Board.
Mr. Selander has extensive global business, leadership and financial services experience gained during more than 13 years as CEO of MasterCard and in senior positions at Citicorp and Citibank, said Western Union President and Chief Executive Officer, Hikmet Ersek. We are looking forward to the significant payments expertise that Mr. Selander brings to the table.
Mr. Selander served as Executive Vice Chairman of MasterCard Incorporated and MasterCard International from July 2010 until December 2010. Previously, Mr. Selander was CEO of MasterCard Incorporated and MasterCard International from April 1997 until July 2010. In addition, until August 2009, Mr. Selander was President of MasterCard Incorporated and MasterCard International from June 2002 and April 1997, respectively.
Prior to his election as President and CEO of MasterCard International in April 1997, Mr. Selander was Executive Vice President and President of the MasterCard International Europe, Middle East, Africa and Canada regions.
Before joining MasterCard in 1994, Mr. Selander spent two decades with Citicorp and Citibank, N.A.
We believe Mr. Selander will be an excellent addition to our Board, said Jack M. Greenberg, Non-Executive Chairman of the Board of Western Union. In addition to his experience as CEO of MasterCard, he also has substantial public company board experience, having served as a director of MasterCard and the Hartford Financial Services Group.
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About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of March 31, 2014, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 500,000 agent locations in 200 countries and territories and over 100,000 ATMs. In 2013, The Western Union Company completed 242 million consumer-to-consumer transactions worldwide, moving $82 billion of principal between consumers, and 459 million business payments. For more information, visit www.westernunion.com.
Western Union Contacts:
Dan Díaz, Media +1 (720) 332-5564 daniel.diaz@WesternUnion.com |
Mike Salop, Investors +1 (720) 332-8276 mike.salop@WesternUnion.com |
WU-G, WU-F