Form 8-K
8-K — VISA INC.
Accession: 0001193125-26-215875
Filed: 2026-05-11
Period: 2026-05-11
CIK: 0001403161
SIC: 7389 (SERVICES-BUSINESS SERVICES, NEC)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — d59695d8k.htm (Primary)
EX-99.1 (d59695dex991.htm)
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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): May 11, 2026
VISA INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
001-33977
26-0267673
(State or Other Jurisdiction
of Incorporation or Organization)
(Commission
File Number)
(I.R.S. 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 (see General Instructions A.2. below):
☐
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 Securities Exchange Act of 1934:
Title of each class
Trading
Symbol
Name of each exchange
on which registered
Class A common stock, par value $0.0001 per share
V
New York Stock Exchange
1.500% Senior Notes due 2026
V26
New York Stock Exchange
2.250% Senior Notes due 2028
V28
New York Stock Exchange
2.000% Senior Notes due 2029
V29
New York Stock Exchange
3.125% Senior Notes due 2033
V33
New York Stock Exchange
2.375% Senior Notes due 2034
V34
New York Stock Exchange
3.500% Senior Notes due 2037
V37
New York Stock Exchange
3.875% Senior Notes due 2044
V44
New 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 7.01
Regulation FD Disclosure.
On May 11, 2026, Visa issued a press release announcing the expiration and results of its previously announced offer to exchange shares of Class B-1 common stock and Class B-2 common stock for a combination of Visa’s Class B-3 common stock, Visa’s Class C common stock and, where applicable, cash in lieu of issuing fractional shares. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K. All information in the press release is furnished but not filed.
* * *
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Description
99.1
Press Release dated May 11, 2026.
104
The cover page from this Current Report on Form 8-K (formatted as Inline XBRL).
2
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: May 11, 2026
By:
/s/ Chris Suh
Name:
Chris Suh
Title:
Chief Financial Officer
3
EX-99.1
EX-99.1
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EX-99.1
Exhibit 99.1
News Release
Visa Announces Expiration and Results of
Exchange Offer for Class B-1 and Class B-2 Common Stock
SAN FRANCISCO – May 11, 2026 – Visa (NYSE:V) today announced that its Exchange Offer for
Class B-1 and B-2 common stock expired on May 8, 2026. The Exchange Offer allowed each participating holder of Class B common stock to exchange
their shares of Class B common stock for a combination of Visa’s Class B-3 common stock, Visa’s Class C common stock and, where applicable, cash in lieu of fractional shares.
Today, Visa has accepted approximately 2.7 million shares of Class B-1 common stock and approximately
119.8 million shares of Class B-2 common stock tendered in the Exchange Offer. Based on the number of shares that were tendered, Visa will issue in exchange: 1
•
approximately 60.6 million shares of Class B-3 common stock;
•
approximately 23.3 million shares of Class C common stock; and
•
in lieu of issuing fractional shares, Visa will pay cash based on the reported closing Class A common stock
price on the NYSE as of the expiration date of $318.79.
The accepted stock includes approximately 98 percent of outstanding
Class B-1 and B-2 shares, representing approximately 55 percent of outstanding Class B-1 shares and over 99 percent of outstanding Class B-2 shares. Settlement of the exchange will be made promptly.
About Visa
Visa (NYSE: V) is a world leader in digital
payments, facilitating transactions between consumers, sellers, 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.
Additional Information and Where to Find It
The Exchange Offer was made solely by the Prospectus. Visa has also filed with the SEC a Schedule TO, which contains important information about the Exchange
Offer. Copies of the Prospectus, the Registration Statement, the Schedule TO, the Letter of Transmittal and other related documents, and any other information that Visa files electronically with the SEC, may be obtained free of charge at the
SEC’s website at www.sec.gov.
Visa has engaged Equiniti Trust Company, LLC and Sodali & Co. to act respectively as exchange agent and
information agent for the Exchange Offer. To obtain copies of the Prospectus, the Letter of Transmittal and other related documents and for questions about the terms of the Exchange Offer, you may contact the Information Agent toll-free at (800) 662-5200 (for stockholders) or (203) 658-9400 (for banks and brokers).
1
As of the expiration date, the applicable Conversion Rate for the
Class B-1 common stock, Class B-2 common stock and Class C common stock was 1.5475 shares of Class A common stock, 1.5075 shares of Class A
common stock and 4 shares of Class A common stock, respectively.
1
Forward-Looking Statements
This communication contains forward-looking statements that relate to, among other things, the consummation of the Exchange Offer. Forward-looking statements
generally are identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “projects,” “outlook,”
“could,” “should,” “will,” “continue” and other similar expressions. All statements other than statements of historical fact could be forward-looking statements, which speak only as of the date they
are made, are not guarantees of future events and are subject to certain risks, uncertainties and other factors, many of which are beyond Visa’s control and are difficult to predict. Except as required by law, Visa does not intend to update or
revise any forward-looking statements as a result of new information, future events or otherwise.
No Offer or Solicitation
This communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, the solicitation
of an offer to subscribe for, buy or sell or an invitation to subscribe for, buy or sell any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the Exchange Offer or otherwise, nor shall
there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of
1933, as amended, and otherwise in accordance with applicable law.
Contacts:
Investor Relations: InvestorRelations@visa.com
Media Relations:
Press@visa.com
2
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