# EDGAR Filing Document

**Accession Number:** 0001403161
**File Stem:** 0000898822-23-000007
**Filing Date:** 2023-2
**Character Count:** 8633
**Document Hash:** 0069873e02e5fbbc41709bebbe73320e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898822-23-000007.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0000898822-23-000007

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230215

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VISA INC.
- **CENTRAL INDEX KEY:** 0001403161
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **IRS NUMBER:** 260267673
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33977
- **FILM NUMBER:** 23638707

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 8999
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94128-8999
- **BUSINESS PHONE:** 650-432-3200

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 8999
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94128-8999

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Visa Inc.
- **DATE OF NAME CHANGE:** 20070614

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### 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): February 15, 2023
![graphic](visalogo.jpg)

## VISA INC.
(Exact name of Registrant as Specified in Its Charter)

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| | | |
|:---|:---|:---|
| **Delaware**<br>| **001-33977**<br>| **26-0267673**<br>|
| (State or Other Jurisdiction <br> of Incorporation) | (Commission File Number) | (IRS Employer <br> Identification No.) |

---

---

| | |
|:---|:---|
| **P.O. Box 8999**<br>|  |
| **San Francisco,** |  |
| **California**<br>| **94128-8999**<br>|
| (Address of Principal Executive Offices) | (Zip Code) |

---

#### Registrant's Telephone Number, Including Area Code: (650) 432-3200

#### N/A

#### (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) Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| Class A Common Stock, par value $0.001 per share | V | New York Stock Exchange |
| 1.500% Senior Notes due 2026 | V26 | New York Stock Exchange |
| 2.000% Senior Notes due 2029 | V29 | New York Stock Exchange |
| 2.375% Senior Notes due 2034 | V34 | New York Stock Exchange |

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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. ☐

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| | |
|:---|:---|
| **Item 5.02** | ***Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.*** |

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On February 16, 2023, Visa Inc. ("Visa" or "the Company") announced that Vasant Prabhu, 63, Vice Chair, Chief Financial Officer, will depart the Company on September 30, 2023. Mr. Prabhu will assist the Company with the search for and onboarding of his replacement, allowing sufficient time for an orderly transition of duties to his successor. With this departure, Mr. Prabhu will be entitled to receive the separation payments due under and in accordance with sections 2(h)(i) and 4(b) and the related terms of the Visa Inc. Executive Severance Plan (the "Plan"). The Plan was previously filed with the SEC as Exhibit 10.8 to the Company's current report on Form 10-Q, filed January 28, 2022. No new compensatory arrangements are being entered into with Mr. Prabhu in connection with his departure from the Company. A press release announcing Mr. Prabhu's departure is attached as Exhibit 99.1 and is incorporated by reference.

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| | |
|:---|:---|
| **Item 9.01**  | ***Financial Statements and Exhibits.***<br>|

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| [99.1](pressrelease.htm) | Press Release issued by Visa Inc. dated February 16, 2023 |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |

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#### 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.

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| | | |
|:---|:---|:---|
|  | VISA INC. | VISA INC. |
| Date: February 16, 2023<br>| By:  | /s/ Kelly Mahon Tullier |
|  |  | Kelly Mahon Tullier |
|  |  | Vice Chair, Chief People and Corporate Affairs Officer, and Corporate Secretary |

---

## Exhibit 99.1

![](visalogo.jpg)

News Release

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## Visa Announces Departure of Vice Chair, Chief Financial Officer Vasant Prabhu

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** 

<br> *Prabhu to remain at Visa through September 2023 to ensure a successful transition*

**SAN FRANCISCO, CA** — **February 16, 2023** **—** Visa (V: NYSE) today announced that Vice Chair, Chief Financial Officer Vasant Prabhu will depart the Company on Sept. 30, 2023.

Prabhu, who joined Visa as CFO in 2015, will assist the Company with the search for and onboarding of his replacement, allowing sufficient time for a smooth and successful transition to his successor before he steps down from his role as Vice Chair, Chief Financial Officer.

"I want to thank Vasant for his outstanding strategic and financial leadership over the past eight years," said Visa Chief Executive Officer Ryan McInerney. "Vasant has played an integral role in shaping Visa's strategic transformation as we evolved our business to a network of networks, introduced new revenue growth drivers including new flows and value added services and executed acquisitions to advance our strategy. He has also built a strong finance team at Visa. We appreciate the impact he has had on our business and his full support as we search for his successor."

"Vasant has made many significant contributions to our business during a period of fundamental change in the payments ecosystem," said Al Kelly, Visa Executive Chairman. "I am grateful to him for our long and successful partnership and what I know will be an enduring friendship. We look forward to wishing him the very best when he transitions to his next chapter later this year."

Prabhu said, "It has been the privilege of my career to have worked with such an extraordinary team during my tenure at Visa. I am grateful to have played a part in the tremendous growth of one of the world's most well-respected brands during a time of inflection in the company's history. As I retire, I know that the company is well positioned to continue to grow and take full advantage of the revolution in payments around the globe. I wish Al, Ryan and the team continued success."

\# \# \#

#### About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

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<br> #### Contacts
Media Relations: Andy Gerlt, +1 650-432-2990, Press@visa.com

Investor Relations: Jennifer Como, +1 650-432-7644, InvestorRelations@visa.com