Fiserv (FI) Proxy filing summary

Executive summary

• In 2025, a strategic reset led to the launch of the One Fiserv action plan, focusing on client service, technology, and operational excellence, with AI as a key enabler for future growth and value creation.

• Significant leadership transitions included the appointment of a new CEO, CFO, and two Co-Presidents, along with a multi-year board refreshment adding six new independent directors since 2024.

• Shareholder engagement was prioritized, with feedback informing enhancements to executive compensation and governance disclosures.

• The 2026 annual meeting will be held virtually on May 21, 2026, with voting available online, by phone, mail, or during the meeting.

Voting matters and shareholder proposals

• Shareholders will vote on: election of eleven directors for one-year terms, advisory approval of executive compensation, ratification of Deloitte & Touche LLP as auditor, and a shareholder proposal for an independent board chair policy.

• The board recommends voting FOR all director nominees, FOR executive compensation, FOR auditor ratification, and AGAINST the independent board chair proposal.

• The shareholder proposal cites 2025 performance issues and governance concerns, but the board opposes it, noting the current independent chair and governance flexibility.

Board of directors and corporate governance

• The board comprises diverse, highly experienced members, with recent additions bringing expertise in financial services, technology, and global operations.

• Board leadership was separated from the CEO role in 2025, with Gordon Nixon appointed as independent chairman in 2026.

• Annual board and committee evaluations, director education, and committee rotations are emphasized to ensure effective oversight.

• Board independence is strong, with all but the CEO considered independent and all committees chaired by independent directors.