8-KThe WireRed Alert
Executive Change
Filed Feb 16, 2023 · 3y ago · Accession 0000898822-23-000007
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): February 15, 2023
VISA INC.
(Exact name of Registrant as Specified in Its Charter)
Delaware
001-33977
26-0267673
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
P.O. Box 8999
San Francisco ,
California
94128-8999
(Address of Principal Executive Offices)
(Zip Code)
Registrant's Telephone Number, Including Area Code: ( 650 )
432-3200
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:
☐ 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))
Securities registered pursuant to Section 12(b) Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Class A Common Stock, par value $0.001
per share
V
New York Stock Exchange
1.500% Senior Notes due 2026
V26
New York Stock Exchange
2.000% Senior Notes due 2029
V29
New York Stock Exchange
2.375% Senior Notes due 2034
V34
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02
Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 16, 2023, Visa Inc. (“Visa” or “the Company”) announced that Vasant Prabhu, 63, Vice Chair, Chief Financial Officer, will depart
the Company on September 30, 2023. Mr. Prabhu will assist the Company with the search for and onboarding of his replacement, allowing sufficient time for an orderly transition of duties to his successor. With this departure, Mr. Prabhu will be
entitled to receive the separation payments due under and in accordance with sections 2(h)(i) and 4(b) and the related terms of the Visa Inc. Executive Severance Plan (the “Plan”). The Plan was previously filed with the SEC as Exhibit 10.8 to the
Company’s current report on Form 10-Q, filed January 28, 2022 . No new compensatory arrangements are being entered into with Mr. Prabhu in connection with his departure from the Company. A press release
announcing Mr. Prabhu’s departure is attached as Exhibit 99.1 and is incorporated by reference.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Description
99.1
Press Release issued by Visa Inc. dated February 16, 2023
104
Cover Page Interactive Data File (formatted as Inline XBRL)
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.
VISA INC.
Date: February 16, 2023
By:
/s/ Kelly Mahon Tullier
Kelly Mahon Tullier
Vice Chair, Chief People and Corporate Affairs Officer, and Corporate Secretary
Filing details
- Company
- VISA INC.
- Ticker
- V
- CIK
- 1403161
- Form type
- 8-K
- Filing date
- Feb 16, 2023
- Report date
- Feb 15, 2023
- Document
- visa8k.htm
- Size
- 400 KB