UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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Item 1.01. | Entry into a Material Definitive Agreement. |
On August 7, 2023, Fiserv, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Repurchase Agreement”) with ValueAct Capital Master Fund, L.P. to repurchase 4,098,935 shares of the Company’s common stock for $121.9829 per share in a privately negotiated transaction for an aggregate purchase price of $499,999,978.21 (the “Repurchase”). The Repurchase Agreement contains customary representations, warranties and covenants of the parties.
The Repurchase will be effected pursuant to the previously announced repurchase authorization for up to 75.0 million shares of the Company’s common stock approved by the Company board of directors on February 22, 2023.
The foregoing description of the Repurchase Agreement is a summary and is qualified in its entirety by the terms of the Repurchase Agreement, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits. |
EXHIBIT INDEX
Exhibit Number |
Description | |||
10.1 | Stock Purchase Agreement, dated August 7, 2023, by and between Fiserv, Inc. and ValueAct Capital Master Fund, L.P. | |||
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.
FISERV, INC. | ||||||
Date: August 8, 2023 | By: | /s/ Robert W. Hau | ||||
Robert W. Hau | ||||||
Chief Financial Officer |