Item 5.02.Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)
On December 4, 2019, The Western Union Company (the "Company") Board of
Directors (the "Board") appointed Jan Siegmund to the Board to fill a vacancy on
the Board that resulted from a director retirement earlier in 2019. In
addition, the Board appointed Mr. Siegmund to the Audit and Compliance
Committees of the Board, also effective December 4, 2019.
There is no arrangement or understanding between Mr. Siegmund and any other
persons pursuant to which Mr. Siegmund was selected as a director. There are no
transactions involving Mr. Siegmund requiring disclosure under Item 404(a) of
Regulation S-K.
Mr. Siegmund will receive the standard compensation effective for 2019 received
by the Company's current non-employee directors, as discussed in the Company's
Proxy Statement dated April 3, 2019, prorated for the time he serves during
2019.
A copy of the press release announcing the appointment of Mr. Siegmund to the
Board is attached hereto as Exhibit 99.1.
(c)
Also, on December 4, 2019, the Company announced that Mark T. Hinsey has been
appointed Chief Accounting Officer and Controller of the Company, effective
March 16, 2020.
Mr. Hinsey, age 49, has served as the Company's Vice President of Accounting
since April 2013, with primary responsibility as controller of the Company's
Consumer Money Transfer business. From January 2009 to March 2013, Mr. Hinsey
served as Vice President Financial Reporting with primary responsibility over
the Company's Securities and Exchange Commission and regulatory reporting
functions. Prior to January 2009, Mr. Hinsey held a variety of progressively
responsible positions with the Company. Prior to joining the Company's former
parent company, First Data Corporation, in September 2002, Mr. Hinsey served as
Audit Manager for Ernst & Young, LLP, Denver. Mr. Hinsey has been licensed as a
Certified Public Accountant since 1994.
There is no arrangement or understanding between Mr. Hinsey and any other
persons pursuant to which Mr. Hinsey was selected as Chief Accounting Officer
and Controller. There are no transactions involving Mr. Hinsey requiring
disclosure under Item 404(a) of Regulation S-K.
Item 9.01.Financial Statements and Exhibits.
Exhibit
Number Description of Exhibit
99.1 Press release issued by The Western Union Company on December 4, 2019.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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