Visa Inc. Reports Board Expansion and New Director Election
Summary
On September 29, 2025, Visa Inc.'s Board of Directors increased its size from 11 to 12 members and elected Bill Ready as a new independent director, effective the same day. Mr. Ready's term will expire at the Company's 2026 Annual Meeting of Shareholders. He has also been appointed to the Board's Finance Committee and Nominating and Corporate Governance Committee. The Company will enter into an indemnification agreement with Mr. Ready.
Why It Matters
The election of Bill Ready expands Visa Inc.'s Board and adds an independent director to key committees, which can influence corporate governance and financial oversight. This change is material for investors as it impacts the composition and strategic direction of the company's leadership.
Key Quote
“The Board determined that Mr. Ready is an independent director within the meaning of the New York Stock Exchange listing standards.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001403161
- Filing Date
- Monday, September 29, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive