0001365135falseWestern Union CO00013651352020-07-012020-07-01

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): July 1, 2020

THE WESTERN UNION COMPANY

(Exact name of registrant as specified in its charter)

Delaware

001-32903

20-4531180

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

7001 East Belleview Avenue

Denver, CO

80237

(Address of principal executive offices)

(Zip Code)

(866) 405-5012

(Registrant’s telephone number, including area code)

(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) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, 00013651352020-07-012020-07-01

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): July 1, 2020

THE WESTERN UNION COMPANY

(Exact name of registrant as specified in its charter)

Delaware

001-32903

20-4531180

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

7001 East Belleview Avenue

Denver, CO

80237

(Address of principal executive offices)

(Zip Code)

(866) 405-5012

(Registrant’s telephone number, including area code)

(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) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 Par Value

WU

The 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.

WU

The 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.

(d)

On July 1, 2020, the Board of Directors (the “Board”) of The Western Union Company (the “Company”) increased the size of the Board from 10 to 11 and appointed Joyce A. Phillips to the Board to fill the vacancy resulting from such increase, each effective July 1, 2020. In addition, the Board appointed Ms. Phillips to the Compensation and Benefits Committee of the Board and the Corporate Governance, ESG, and Public Policy Committee of the Board, also effective July 1, 2020.

There is no arrangement or understanding between Ms. Phillips and any other persons pursuant to which Ms. Phillips was selected as a director. There are no transactions involving Ms. Phillips requiring disclosure under Item 404(a) of Regulation S-K.

Ms. Phillips will receive the standard compensation effective for 2020 received by the Company's current non-employee directors, as discussed in the Company's Proxy Statement dated April 1, 2020, prorated for the time she serves during 2020.

A copy of the press release announcing the appointment of Ms. Phillips to the Board is attached hereto as Exhibit 99.1.

Item 9.01.

Financial Statements and Exhibits.

Exhibit Number

Description of Exhibit

99.1

Press Release issued by The Western Union Company on July 1, 2020

101

Inline XBRL Document Set for the Cover Page from this Current Report on Form 8-K, formatted as Inline XBRL

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

Dated: July 1, 2020

THE WESTERN UNION COMPANY

By:

/s/    DARREN A. DRAGOVICH

Name:

Darren A. Dragovich

Title:

Vice President and Assistant Secretary

Exhibit 99.1

Graphic

Joyce A. Phillips Appointed to Western Union Board of Directors

DENVER, July 1, 2020 – The Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, today announced that Joyce A. Phillips has been appointed to the Company’s Board of Directors, effective July 1, 2020.

Ms. Phillips will also serve on the Compensation and Benefits, and Corporate Governance, ESG and Public Policy Committees of the Board.

Ms. Phillips brings a wealth of experience to the Board in the areas of global banking, financial services, insurance, innovation and marketing in her 30+ year career. She is currently the Founder and Chief Executive Officer of EqualFuture Corp., a San Francisco-based fintech startup delivering affordable personal financial wellness platforms to individuals and businesses.

Previously, Ms. Phillips held executive roles with Australia and New Zealand Banking Group Limited (ANZ), where she served as CEO, Global Wealth Division, after holding the role of Group Managing Director of Innovation and Marketing.

Ms. Phillips also served as President and Chief Operating Officer of American Life Insurance Co. (ALICO), a subsidiary of American International Group (AIG), and Global Head of International Retail Banking at Citigroup. Earlier in her career, she held management roles at GE Capital and Western Union.  Ms. Phillips’ previous public board experience includes service on the Board of Directors of Reinsurance Group of America, Incorporated (NYSE: RGA) from 2014-2017.

“Joyce has significant experience within the Financial Services and FinTech space, acquired through a number of executive roles with both global and regional responsibilities,” said Hikmet Ersek, President and CEO of Western Union. “Her demonstrated passion for working with underserved customer and business markets, together with a strong focus on innovation, closely align with Western Union’s vision. The Board and I are very much looking forward to working with Joyce and gaining her perspectives.”

# # #

About Western Union

The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Our omnichannel platform connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of March 31, 2020, our network included over 550,000 retail agent locations offering our branded services in more than 200 countries and territories, with the capability to send money to billions of accounts. Additionally, westernunion.com, our fastest growing channel in 2019, is available in over 75 countries, plus additional territories, to move money around the world. With our global reach, Western Union moves money for better, connecting family, friends and businesses to enable financial inclusion and support economic growth. For more information, visit www.westernunion.com.


Media Relations:

Claire Treacy

+1 (720) 332-0652

Claire.Treacy@westernunion.com

Investor Relations:

Brad Windbigler

+1 (720) 332-2510

Brad.Windbigler@westernunion.com


v3.20.2
Document and Entity Information
Jul. 01, 2020
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jul. 01, 2020
Entity File Number 001-32903
Entity Registrant Name Western Union CO
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 20-4531180
Entity Address, Address Line One 7001 East Belleview Avenue
Entity Address, State or Province CO
Entity Address, City or Town Denver
Entity Address, Postal Zip Code 80237
City Area Code 866
Local Phone Number 405-5012
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.01 Par Value
Trading Symbol WU
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001365135
Amendment Flag false