8-K

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): September 21, 2023

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, Colorado		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. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d)

On September 21, 2023, the Board of Directors (the “Board”) of The Western Union Company (the “Company”) increased the size of the Board from 9 to 10 directors and appointed Suzette Deering to the Board to fill the vacancy resulting from such increase, each effective September 21, 2023. In addition, the Board appointed Ms. Deering to the Compensation and Benefits Committee of the Board and the Compliance Committee of the Board, also effective September 21, 2023.

The Board has determined that Ms. Deering meets the independence requirements of our Corporate Governance Guidelines and the New York Stock Exchange listing standards. There is no arrangement or understanding between Ms. Deering and any other persons pursuant to which Ms. Deering was selected as a director. There are no transactions involving Ms. Deering requiring disclosure under Item 404(a) of Regulation S-K.

Ms. Deering will receive the standard compensation effective for 2023 received by the Company’s current non-employee directors, as discussed in the Company’s Proxy Statement dated March 28, 2023, prorated for the time she serves as a director of the Company during 2023.

A copy of the press release announcing the appointment of Ms. Deering 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 September 21, 2023
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.

	THE WESTERN UNION COMPANY
Dated: September 21, 2023
	By:	/s/ DARREN A. DRAGOVICH
	Name:	Darren A. Dragovich
	Title:	Vice President and Secretary

EX-99.1

Exhibit 99.1

 

Suzy Deering Appointed to Western Union Board of Directors

DENVER, 21 September 2023 – The Western Union Company (NYSE: WU) today announced that Suzy Deering has been appointed to the Company’s Board of Directors, effective Sept. 21.

Deering will serve on both the Compensation and Benefits Committee and the Compliance Committee of the Board, also effective Sept. 21.

Deering brings her diverse business experience to the Board in the areas of marketing, brand strategy, communications, advertising and driving innovation, honed over her 30-year career. She is the founder of The Grit Advisory, a marketing advisory company she formed in May 2023.

Previously, Deering served as Global Chief Marketing Officer of Ford Motor Company from 2021 through 2022. Prior to Ford, she served as Vice President and Global Chief Marketing Officer of eBay, from January 2020 to October 2020 and was Chief Marketing Officer of eBay’s North America business from 2015 to January 2020. Deering was Chief Executive Officer of Moxie, a marketing agency, from 2012 to 2015 and held various leadership roles at Home Depot and Verizon Communications from 1998 to 2011. She has served on the Board of Directors for PODS Storage Company since 2018.

“Suzy has significant marketing and brand strategy experience, acquired through a number of executive roles across a range of industries, including the e-commerce and retail space,” said Devin McGranahan, President and CEO of Western Union. “She also has experience guiding iconic global brands. The Board and I look forward to working with Suzy as we strengthen our brand positioning with the delivery everyday of accessible financial services to our global customer base.”

# # #

WU-G

About Western Union

The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.

Media contacts:

Contacts:

Media Relations:

Claire Treacy

media@westernunion.com

Investor Relations:

Tom Hadley

WesternUnion.IR@westernunion.com

XML

Document and Entity Information	Sep. 21, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Sep. 21, 2023
Entity Registrant Name	THE WESTERN UNION COMPANY
Entity Central Index Key	0001365135
Entity Emerging Growth Company	false
Securities Act File Number	001-32903
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-4531180
Entity Address, Address Line One	7001 East Belleview Avenue
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
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