Business Context and Reporting Period
This Form 8-K Current Report was filed by The Western Union Company (WU) on June 27, 2025. The filing discloses a corporate governance event regarding the appointment of a new executive officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the appointment of Barry Cooper as Chief Accounting Officer, effective July 1, 2025. Mr. Cooper, age 58, previously served as Senior Vice President and Controller at Envestnet, Inc. (2018–2025), Echostar Corporation (2014–2018), and First Data Corporation (2012–2014).
Management Commentary and Compensation
Mr. Cooper's compensation arrangements include:
- Initial annual base salary of $300,000.
- Annual incentive award target opportunity of $350,000, split between short-term cash and equity awards.
- A sign-on grant of restricted stock units with a grant date fair value of $250,000 under the 2024 Long-Term Incentive Plan.
The filing states there are no family relationships between Mr. Cooper and any director or executive officer, and no actual or proposed transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the effective date of the Chief Accounting Officer appointment (July 1, 2025).
- Confirm the total initial compensation package value ($900,000 in base, target incentive, and sign-on grant).
- Review the Company's 2024 Long-Term Incentive Plan for details on the restricted stock unit grant.
- Check for any subsequent filings regarding the departure of the previous Chief Accounting Officer.