A maker of payment networks, Mastercard processes transactions for consumers, banks, merchants, and governments around the world through its familiar red-and-yellow card brand. It was born in 1966 as the Interbank Card Association, created by US banks in Buffalo, New York, to compete with BankAmericard (later Visa). The company called itself "Master Charge" until 1979, when it simplified to Mastercard, and its overlapping-circle logo was designed to show the connection between shoppers and merchants.
Mastercard completes $5.0 billion multi-tranche notes offering on June 8, 2026
The offering comprised Floating Rate Notes due 2028 ($500M), 4.325% Notes due 2028 ($1.25B), 4.425% Notes due 2029 ($1.15B), 4.600% Notes due 2031 ($1.35B), and 5.000% Notes due 2036 ($750M).
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Mastercard Incorporated completed an offering of $5.0 billion aggregate principal amount of notes on June 8, 2026.
The notes were sold under an Underwriting Agreement dated June 4, 2026, with representatives including J.P. Morgan Securities LLC, Barclays Capital Inc., and others.
The notes were issued under an Indenture with Deutsche Bank Trust Company Americas, dated March 31, 2014, and an Officer's Certificate dated June 8, 2026.
The offering was made under Mastercard's existing Form S-3 shelf registration statement (File No. 333-277032).
8.01 Other Events · 9.01 Financial Statements and Exhibits
Mastercard announces leadership changes effective August 3, 2026, including new CFO and Chief Business Officer.
Sachin Mehra, current CFO, will become Chief Business Officer, overseeing global country operations and go-to-market structure.
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Ling Hai, current President of Asia Pacific, Europe, Middle East and Africa, will succeed Mehra as CFO, with a base salary of $850,000 and a $1,500,000 long-term incentive award.
Linda Kirkpatrick, President of the Americas, will succeed Craig Vosburg as Chief Services Officer; Vosburg becomes Vice Chair.
Timothy Murphy, Vice Chair, will retire from Mastercard in October 2026.
Other changes include Dimi Dosis as Chief Commercial Payments Officer and Raj Seshadri as Senior Strategic Advisor to the CEO.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Mastercard announces Sandra Arkell to become Chief Audit Executive; Chris Mullett named Corporate Controller.
Chris Mullett will be appointed Corporate Controller and principal accounting officer effective August 3, 2026.
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Sandra Arkell, Mastercard's Corporate Controller and principal accounting officer, will become Chief Audit Executive effective August 3, 2026, and will step down from her current role.
Chris Mullett, 52, joined Mastercard in November 2017 and has served as CFO, Europe since May 2023.
Mullett's compensation includes a base salary comparable to other employees at his level and eligibility for company compensation and benefit plans.
The announcement was made on May 7, 2026, and the report was filed with the SEC on the same date.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Mastercard raises base salaries and bonus targets for two named executive officers, effective March 1, 2026.
Sachin Mehra, Chief Financial Officer, will see his base salary increase from $825,000 to $875,000, and his 2026 target annual incentive bonus opportunity will rise from 150% to 175% of base salary.
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On February 2, 2026, Mastercard's Human Resources and Compensation Committee approved base salary and target annual incentive bonus adjustments for two Named Executive Officers, effective March 1, 2026.
Craig Vosburg, Chief Services Officer, will see his base salary increase from $800,000 to $825,000, and his 2026 target annual incentive bonus opportunity will rise from 135% to 150% of base salary.
The 2026 target annual incentive bonus opportunities are calculated based on the new base salaries.
The report was filed on February 5, 2026, and signed by Corporate Secretary Gina Accordino.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements