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WU > SEC Filings for WU > Form 8-K on 23-Jul-2009All Recent SEC Filings

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Form 8-K for WESTERN UNION CO


23-Jul-2009

Change in Directors or Principal Officers, Financial Statements and Exhibits


Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d)

On July 23, 2009, The Western Union Company (the "Company") Board of Directors (the "Board") voted to increase the number of directors from nine to ten, and to appoint Wulf von Schimmelmann to the Board and to the Corporate Governance and Compensation and Benefits Committees of the Board, effective July 24, 2009. Mr. von Schimmelmann will serve on the Board and such Committees until the next annual election of directors.

There is no arrangement or understanding between Mr. von Schimmelmann and any other persons pursuant to which Mr. von Schimmelmann was selected as a director. There are no transactions involving Mr. von Schimmelmann requiring disclosure under Item 404(a) of Regulation S-K.

Mr. von Schimmelmann will receive the standard compensation received by the Company's current non-employee, non-United States resident director. These compensation arrangements are discussed in the Company's Proxy Statement dated March 30, 2009 (the "Proxy Statement"). The amounts of Mr. von Schimmelmann's equity grant in lieu of annual retainer fees and annual equity grant, as described in the Proxy Statement, will be pro-rated for 2009 based on his July 24, 2009 start date as a director.

A copy of the press release announcing the appointment of Mr. von Schimmelmann to the Board is attached hereto as Exhibit 99.1.

-2-




Item 9.01. Financial Statements and Exhibits.

(d)

                   Exhibit
                   Number    Description of Exhibit
                   99.1      Press release dated July 23, 2009.

-3-


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