Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

On October 28, 2020, Discover Financial Services (the "Company") announced that Edward W. McGrogan senior vice president, controller and chief accounting officer, will retire from the Company effective as of December 31, 2020. The Company also announced that Shifra Kolsky, the Company's assistant controller, will replace Mr. McGrogan as senior vice president, chief accounting officer and controller effective as of November 2, 2020. In connection with Ms. Kolsky's election as senior vice president, controller and chief accounting officer, she will be entitled to an annual salary of $324,000 and she will be eligible for annual equity awards under the Company's Amended and Restated 2014 Omnibus Incentive Plan.

Ms. Kolsky has been with Discover for 11 years and was promoted to Vice President, Assistant Controller in 2015. Prior to that, she was Director, Corporate Accounting and Reporting. Prior to working for Discover, Kolsky was an Audit Senior Manager for Deloitte & Touche from 2002 to 2008, Director of Finance for JCDS Las Vegas from 2001 to 2002, and an Audit Manager for Arthur Anderson from 1994 to 2001.

The Company's news release announcing Mr. McGrogan's retirement and Ms. Kolsky's appointment is attached to this report as Exhibit 99.1 and is incorporated by reference into this Item 5.02.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits



Exhibit
  No.                              Description

  99.1    Press release of the Company dated October 28, 2020.


104       Inline XBRL for the cover page of this Current Report on 8-K.

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