| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 12, 2024, the board of directors of Fiserv, Inc. (the “Company”) appointed Ajei S. Gopal to the board of directors of the Company. Mr. Gopal will serve on the risk and nominating and corporate governance committees of the board of directors. The Company’s board of directors has determined that Mr. Gopal is independent under the rules of the New York Stock Exchange and the rules and regulations of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Mr. Gopal, age 62, has served as president and chief executive officer of ANSYS, Inc., an engineering simulation solution provider, since 2017. Mr. Gopal previously served as the president and chief operating officer of ANSYS, Inc. in 2016. Mr. Gopal’s previous positions include operating partner for Silver Lake Partners, senior vice president and general manager of Hewlett Packard Software, executive vice president at CA Technologies, and executive vice president and chief technology officer at Symantec. Mr. Gopal has served as a director of ANSYS, Inc. since 2011 and previously served as a member of the board of directors of Citrix Systems from 2017 through 2021. At this time, there are no transactions in which Mr. Gopal has or will have an interest that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Exchange Act.
Mr. Gopal will (i) participate in the Company’s standard non-employee director compensation arrangements set forth on the Non-Employee Director Compensation Schedule filed as Exhibit 10.32 to the Company’s Annual Report on Form 10-K filed on February 23, 2023, and (ii) be eligible to participate in the Fiserv, Inc. Non-Employee Director Deferred Compensation Plan filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on December 1, 2017. In connection with his appointment, Mr. Gopal will enter into the Company’s Non-Employee Director Indemnity Agreement, a form of which was filed as Exhibit 10.37 to the Company’s Annual Report on Form 10-K filed on February 28, 2008. A description of Fiserv’s non-employee director compensation arrangements can be found in the section titled “Our Board of Directors-How We Are Paid” in Fiserv’s definitive proxy statement for its 2023 annual meeting of shareholders filed on April 4, 2023, and is incorporated herein by reference.
