Fiserv Inc: appoints Raj Seshadri to board

What happened

• The company reported that on Oct 22, 2026 its board appointed Raj Seshadri to the board of directors, effective Nov 30, 2026, and the board determined that Ms. Seshadri is independent under applicable exchange rules and the Exchange Act.
• The company also reported that on Oct 22, 2026 director Henrique De Castro informed the company he will not stand for re-election at the 2027 annual shareholder meeting and will continue to serve until the Annual Meeting; his decision is not due to any disagreement with management.

Key details

• Ms. Seshadri, age 61, has served as Senior Strategic Advisor to the CEO of Mastercard since Aug 2026 and previously held roles at Mastercard from 2016 to 2026, and earlier roles at BlackRock, Citigroup, U.S. Trust, and McKinsey & Company.
• Ms. Seshadri has served on the board of Raymond James Financial, Inc. since 2019.
• The filing states there are no arrangements or understandings related to her selection and, at this time, no transactions requiring disclosure under Item 404(a) of Regulation S-K.
• Ms. Seshadri will participate in the company’s standard non-employee director compensation arrangements, be eligible for the non-employee director deferred compensation plan, and will enter the company’s non-employee director indemnity agreement.

Why it may matter

• This Form 8-K reports Item 5.02 (departure of directors or certain officers; election of directors), which covers changes in the company’s board membership and related disclosures. A filing does not show why the insider traded or why the company acted.