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This Annual Report contains forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are
made, which reflect management’s estimates, projections, expectations or beliefs at that time, and which are subject to risks and uncertainties that may cause actual results to differ materially.
For a discussion of certain risks and uncertainties that may affect our future results, please see “Risk Factors,” “Special Note Regarding Forward-Looking Statements,” “Business—Competition,”
“Business—Supervision and Regulation” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the accompanying Annual Report on Form 10-K
for the year ended November 30, 2011.
We own or have rights to use the trademarks, trade names and service marks that we use in conjunction with the operation of our business, including, but not limited to: Discover®, PULSE,
®
Cashback Bonus®, Discover® More® Card, Discover® MotivaSM Card, Discover® Open Road® Card, Discover® Network and Diners Club International.
® All other trademarks, trade names and service
marks included in this Annual Report are the property of their respective owners.
©2012 Discover Financial Services
Jeffrey S. Aronin
Chairman and CEO
Paragon Pharmaceuticals
Mary K. Bush
President, Bush International
Gregory C. Case
President and CEO, Aon Corporation
Robert M. Devlin
Chairman, Curragh Capital Partners
Cynthia A. Glassman
Former Under Secretary for Economic
Affairs, U.S. Department of Commerce
Richard H. Lenny
Operating Partner
Friedman Fleischer & Lowe LLC
Thomas G. Maheras
Founding Partner
Tegean Capital Management, LLC
Michael H. Moskow
Retired President and CEO
Federal Reserve Bank of Chicago
David W. Nelms
Chairman and CEO
Discover Financial Services
E. Follin Smith
Retired Executive Vice President
CFO and CAO
Constellation Energy Group, Inc.
Lawrence A. Weinbach
Lead Director, Discover Financial Services
Chairman
Great Western Products Holdings LLC
Managing Director
Yankee Hill Capital Management LLC
BOARD OF DIRECTORS EXECUTIVE OFFICERS
David W. Nelms
Chairman and Chief Executive Officer
Roger C. Hochschild
President and Chief Operating Officer
R. Mark Graf
Executive Vice President
Chief Financial Officer and
Chief Accounting Officer
Kathryn McNamara Corley
Executive Vice President
General Counsel and Secretary
Carlos Minetti
Executive Vice President
President–Consumer Banking
and Operations
Diane E. Offereins
Executive Vice President
President–Payment Services
Mary Oleksiuk
Senior Vice President and
Chief Human Resources Officer
James V. Panzarino
Executive Vice President
Chief Credit Risk Officer
Glenn Schneider
Senior Vice President
Chief Information Officer
Harit Talwar
Executive Vice President
President–U.S. Cards
PRIMARY INVESTOR CONTACT
Investor Relations
Phone: 1224 405 4555
investorrelations@discover.com
TRANSFER AGENT
Computershare
480 Washington Boulevard
Jersey City, NJ 07310-1900
Phone: 1866 258 6590
Corporate Web site:
www.bnymellon.com/shareowner/equityaccess
ANNUAL SHAREHOLDERS’
MEETING
The 2012 Annual Meeting
of Shareholders
of Discover Financial Services
will be held on
Wednesday, April 18, 2012, at 9:00 AM CST
at the company’s headquarters at
2500 Lake Cook Road,
Riverwoods, IL 60015.