One of the world's largest payments and financial technology companies, Fiserv builds the software that lets businesses take card payments and helps banks run their accounts. Its Clover point-of-sale terminals are a familiar sight in small shops and restaurants, while its banking platforms serve financial institutions. Founded in 1984, its name blends "financial" and "services," and a 2019 merger with First Data brought Clover into the family.
Fiserv President Dhivya Suryadevara resigns effective July 7, 2026
Dhivya Suryadevara resigned as President of Fiserv, Inc. for 'good reason' under her offer letter and the company's Executive Severance and Change of Control Policy.
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Her resignation is effective July 7, 2026; she will remain a non-executive officer employee through July 31, 2026, receiving her current base salary and benefits for an orderly transition.
Andrew Gelb, EVP and COO of Financial Solutions, and Srini Krish, Head of Technology and Operations for Financial Solutions, were appointed interim leaders of the Financial Solutions business, effective immediately.
Gelb joined Fiserv in 2014 and has held senior leadership roles including head of issuer solutions; Krish also joined in 2014 and previously served as global CIO.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure
Fiserv completes €1.0 billion offering of senior notes due 2030 and 2034
The notes were issued under an indenture dated November 20, 2007, as supplemented by the Thirty-Ninth and Fortieth Supplemental Indentures dated June 23, 2026.
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On June 23, 2026, Fiserv, Inc. issued €500 million of 3.750% Senior Notes due 2030 and €500 million of 4.250% Senior Notes due 2034.
Interest on the 2030 notes is payable annually on October 15, beginning October 15, 2026; interest on the 2034 notes is payable annually on June 23, beginning June 23, 2027.
Fiserv may redeem the notes at its option, with make-whole redemption prices prior to par call dates (September 15, 2030 for 2030 notes; April 23, 2034 for 2034 notes) and at par thereafter.
Upon a change of control triggering event, Fiserv must offer to repurchase the notes at 101% of principal plus accrued interest.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Fiserv entered an underwriting agreement on June 16, 2026 to sell €500M of 3.750% Senior Notes due 2030 and €500M of 4.250% Senior Notes due 2034.
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The offering is expected to close on June 23, 2026, subject to customary closing conditions.
Underwriters include Citigroup Global Markets Limited, J.P. Morgan Securities plc, TD Global Finance unlimited company, and Wells Fargo Securities International Limited.
The notes are registered under a Form S-3 registration statement filed with the SEC on February 22, 2024, as amended.
The underwriting agreement includes customary representations, warranties, closing conditions, indemnification, and termination provisions.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits
Fiserv launches tender offers for any and all of its 5.150% Notes due 2027 and 4.400% Notes due 2049.
The offers expire at 5:00 p.m. New York City time on June 23, 2026, unless extended; settlement is expected on June 26, 2026.
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On June 16, 2026, Fiserv commenced cash tender offers for any and all of its outstanding 5.150% Senior Notes due 2027 ($750 million) and 4.400% Senior Notes due 2049 ($2 billion).
Consideration per $1,000 principal is based on a fixed spread (5 bps for 2027 notes, 108 bps for 2049 notes) plus the yield of specified U.S. Treasury reference securities, plus accrued interest.
Consummation is conditioned on, among other things, receipt of proceeds from a new offering of euro-denominated senior notes.
Citigroup, J.P. Morgan, TD Securities, and Wells Fargo Securities are lead dealer managers; Global Bondholder Services Corporation is the tender and information agent.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Fiserv appoints Takis Georgakopoulos as CEO, succeeding Mike Lyons
Michael P. Lyons resigned as CEO and director of Fiserv, effective June 12, 2026, to become CEO of Truist Financial Corporation.
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Takis Georgakopoulos was appointed CEO and director on June 14, 2026, effective immediately.
Georgakopoulos receives an annual base salary of $1,300,000, target cash incentive of 200% of base salary, and annual equity incentive of $18,600,000.
Georgakopoulos also receives promotion equity awards with a total grant date value of $6,000,000.
CFO Paul M. Todd received RSUs with a grant date value of $5,000,000 in connection with the leadership transition.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits