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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): January 28, 2025
Visa Logo.jpg  
VISA INC.
(Exact name of Registrant as Specified in Its Charter)
 
     
Delaware 001-33977 26-0267673
(State or Other Jurisdiction
of Incorporation)		 (Commission File Number) (IRS Employer
Identification No.)
 
   
P.O. Box 8999 
San Francisco,
California 94128-8999
(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) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Class A Common Stock, par value $0.0001 per shareVNew York Stock Exchange
1.500% Senior Notes due 2026V26New York Stock Exchange
2.000% Senior Notes due 2029V29New York Stock Exchange
2.375% Senior Notes due 2034V34New 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 5.07 Submission of Matters to a Vote of Security Holders.

The 2025 Annual Meeting of Shareholders of Visa Inc. (the “Company”) was held on January 28, 2025, and the shareholders of the Company’s Class A common stock voted on seven proposals that are described in detail in the Company's definitive proxy statement, dated December 9, 2024. Set forth below are the matters the shareholders voted on and the final voting results.

Proposal 1: Election of eleven director nominees:
NomineeVotes For% ForVotes Against% AgainstAbstentionsBroker Non-Votes
Lloyd A. Carney1,314,268,065 98.25 %23,276,918 1.74 %1,351,198 137,483,977 
Kermit R. Crawford1,323,271,071 98.93 %14,259,070 1.06 %1,366,040 137,483,977 
Francisco Javier Fernández-Carbajal1,300,811,280 97.38 %34,935,582 2.61 %3,149,319 137,483,977 
Ramon Laguarta1,320,895,924 98.76 %16,578,987 1.23 %1,421,270 137,483,977 
Teri L. List1,327,715,781 99.26 %9,867,220 0.73 %1,313,180 137,483,977 
John F. Lundgren1,302,818,180 97.47 %33,740,041 2.52 %2,337,960 137,483,977 
Ryan McInerney1,334,286,019 99.75 %3,257,269 0.24 %1,352,893 137,483,977 
Denise M. Morrison1,312,714,505 98.13 %24,886,808 1.86 %1,294,868 137,483,977 
Pamela Murphy1,324,052,027 98.98 %13,547,613 1.01 %1,296,541 137,483,977 
Linda J. Rendle1,321,368,076 98.79 %16,169,959 1.20 %1,358,146 137,483,977 
Maynard G. Webb, Jr.1,313,233,094 98.18 %24,292,563 1.81 %1,370,524 137,483,977 

Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.

Proposal 2: Approval, on an advisory basis, of compensation paid to the Company's named executive officers:
Number of Votes
Percentage
Votes For:1,230,798,215 91.92 %
Votes Against:101,983,354 7.61 %
Abstentions:6,114,612 0.45 %
Broker Non-Votes:137,483,977 

The proposal was approved.

Proposal 3: Ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the 2025 fiscal year:
Number of VotesPercentage
Votes For:1,443,751,457 97.78 %
Votes Against:31,222,932 2.11 %
Abstentions:1,405,769 0.09 %

The appointment was ratified.





Proposal 4: Shareholder proposal on gender-based compensation gaps and associated risks:
Number of VotesPercentage
Votes For:10,657,911 0.79 %
Votes Against:1,318,419,741 98.47 %
Abstentions:9,818,529 0.73 %
Broker Non-Votes:137,483,977 

The proposal was not approved.

Proposal 5: Shareholder proposal requesting a report on policy on merchant category codes:
Number of VotesPercentage
Votes For:10,038,824 0.74 %
Votes Against:1,316,074,521 98.29 %
Abstentions:12,782,836 0.95 %
Broker Non-Votes:137,483,977 

The proposal was not approved.

Proposal 6: Shareholder proposal requesting adoption of a new director election resignation governance guideline:
Number of VotesPercentage
Votes For:226,912,035 16.94 %
Votes Against:1,107,467,619 82.71 %
Abstentions:4,516,527 0.33 %
Broker Non-Votes:137,483,977 

The proposal was not approved.

Proposal 7: Shareholder proposal on transparency in lobbying:
Number of VotesPercentage
Votes For:182,684,178 13.64 %
Votes Against:1,142,568,004 85.33 %
Abstentions:13,643,999 1.01 %
Broker Non-Votes:137,483,977 

The proposal was not approved.


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.
     
  VISA INC.
  
Date:January 29, 2025 By: /s/ Kelly Mahon Tullier
    Kelly Mahon Tullier
Vice Chair, Chief People and Corporate Affairs Officer, and Corporate Secretary

v3.24.4
Cover Page
Jan. 28, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 28, 2025
Entity Registrant Name VISA INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-33977
Entity Tax Identification Number 26-0267673
Entity Address, Address Line One P.O. Box 8999
Entity Address, City or Town San Francisco,
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94128-8999
City Area Code 650
Local Phone Number 432-3200
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0001403161
Amendment Flag false
Common Class A  
Cover [Abstract]  
Title of 12(b) Security Class A Common Stock, par value $0.0001 per share
Trading Symbol V
Security Exchange Name NYSE
Document Information [Line Items]  
Title of 12(b) Security Class A Common Stock, par value $0.0001 per share
Trading Symbol V
Security Exchange Name NYSE
2029 Notes  
Cover [Abstract]  
Title of 12(b) Security 2.000% Senior Notes due 2029
Trading Symbol V29
Security Exchange Name NYSE
Document Information [Line Items]  
Title of 12(b) Security 2.000% Senior Notes due 2029
Trading Symbol V29
Security Exchange Name NYSE
2034 Notes  
Cover [Abstract]  
Title of 12(b) Security 2.375% Senior Notes due 2034
Trading Symbol V34
Security Exchange Name NYSE
Document Information [Line Items]  
Title of 12(b) Security 2.375% Senior Notes due 2034
Trading Symbol V34
Security Exchange Name NYSE
2026 Notes  
Cover [Abstract]  
Title of 12(b) Security 1.500% Senior Notes due 2026
Trading Symbol V26
Security Exchange Name NYSE
Document Information [Line Items]  
Title of 12(b) Security 1.500% Senior Notes due 2026
Trading Symbol V26
Security Exchange Name NYSE
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