FIS Reports Officer Compensation & Debt Structure Changes
Ticker: FIS · Form: 8-K · Filed: Feb 23, 2024 · CIK: 1136893
| Field | Detail |
|---|---|
| Company | Fidelity National Information Services, Inc. (FIS) |
| Form Type | 8-K |
| Filed Date | Feb 23, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.01, $600,000, $10,000, $49,000 b, $1,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, debt, executive-compensation
TL;DR
**FIS just dropped an 8-K on officer pay and their debt stack, keep an eye on those senior notes.**
AI Summary
Fidelity National Information Services, Inc. (FIS) filed an 8-K on February 23, 2024, reporting on compensatory arrangements for certain officers and potential changes in directors or officers. The filing references various senior notes with different interest rates and maturity dates, including 1.100% Senior Notes due 2024, 0.625% Senior Notes due 2025, and 1.500% Senior Notes due 2027, among others. The report indicates a focus on corporate governance and financial structuring as of February 19, 2024.
Why It Matters
This filing provides insight into Fidelity National Information Services' executive compensation and its current debt obligations, which can influence investor confidence and the company's financial health.
Risk Assessment
Risk Level: low — The filing is routine and primarily informational regarding corporate governance and existing debt, not indicating new significant risks.
Key Numbers
- 1.100% — Senior Notes Interest Rate (Due 2024, indicating short-term debt cost.)
- 0.625% — Senior Notes Interest Rate (Due 2025, indicating short-to-medium term debt cost.)
- 1.500% — Senior Notes Interest Rate (Due 2027, indicating medium-term debt cost.)
- 3.360% — Senior Notes Interest Rate (Due 2031, indicating long-term debt cost.)
- 2.950% — Senior Notes Interest Rate (Due 2039, indicating very long-term debt cost.)
Key Players & Entities
- Fidelity National Information Services, Inc. (company) — filer
- 001-16427 (dollar_amount) — SEC file number
- 2024-02-19 (date) — period of report
- 2024-02-23 (date) — filing date
- 1.100% (dollar_amount) — interest rate for Senior Notes due 2024
- 0.625% (dollar_amount) — interest rate for Senior Notes due 2025
- 1.500% (dollar_amount) — interest rate for Senior Notes due 2027
- 1.000% (dollar_amount) — interest rate for Senior Notes due 2028
- 2.250% (dollar_amount) — interest rate for Senior Notes due 2029
- 2.000% (dollar_amount) — interest rate for Senior Notes due 2030
FAQ
What is the purpose of this 8-K filing by Fidelity National Information Services, Inc.?
The 8-K filing by Fidelity National Information Services, Inc. reports on the departure or election of directors or certain officers, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits, as of February 19, 2024.
What are some of the specific debt instruments mentioned in the filing?
The filing mentions several senior notes, including 1.100% Senior Notes due 2024, 0.625% Senior Notes due 2025, 1.500% Senior Notes due 2027, 1.000% Senior Notes due 2028, 2.250% Senior Notes due 2029, 2.000% Senior Notes due 2030, 3.360% Senior Notes due 2031, and 2.950% Senior Notes due 2039.
When was the period of report for this 8-K filing?
The Conformed Period of Report for this 8-K filing was 20240219 (February 19, 2024).
What is the Central Index Key (CIK) for Fidelity National Information Services, Inc.?
The Central Index Key (CIK) for Fidelity National Information Services, Inc. is 0001136893.
What is the business address of Fidelity National Information Services, Inc. as stated in the filing?
The business address of Fidelity National Information Services, Inc. is 347 RIVERSIDE AVENUE, JACKSONVILLE, FL 32202.
Filing Stats: 2,015 words · 8 min read · ~7 pages · Grade level 12.4 · Accepted 2024-02-23 17:14:16
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share FIS New York Stock Exchan
- $600,000 — g will be paid an annual base salary of $600,000 and be eligible to receive a performanc
- $10,000 — with negotiation of the Amendment up to $10,000 in the aggregate. - 2 - Mr. Hoag's
- $49,000 b — adi will be paid a monthly fixed fee of $49,000 based on an average of 18 days of service
- $1,500,000 — ice per month and a one-time payment of $1,500,000 to be paid in March 2024. In addition,
- $500,000 — or (ii) a payment in an amount equal to $500,000 pro-rated to reflect the number of full
Filing Documents
- d764426d8k.htm (8-K) — 51KB
- d764426dex101.htm (EX-10.1) — 26KB
- d764426dex102.htm (EX-10.2) — 102KB
- g764426dsp00.jpg (GRAPHIC) — 2KB
- 0001193125-24-044681.txt ( ) — 419KB
- fis-20240219.xsd (EX-101.SCH) — 6KB
- fis-20240219_def.xml (EX-101.DEF) — 16KB
- fis-20240219_lab.xml (EX-101.LAB) — 27KB
- fis-20240219_pre.xml (EX-101.PRE) — 17KB
- d764426d8k_htm.xml (XML) — 14KB
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 10.1 Second Amendment to Employment Agreement, effective as of January 1, 2024, by and between Fidelity National Information Services, Inc. and Erik Hoag. 10.2 Limited Consulting Services Engagement Agreement, effective as of March 1, 2024, by and between Fidelity Information Services, LLC and Lucido Advisory Services, LLC. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. - 3 - SIGNATURE 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. Date: February 23, 2024 Fidelity National Information Services, Inc. (Registrant) By: /s/ Matthew Ricciardi Name: Matthew Ricciardi Title: Deputy General Counsel and Assistant Corporate Secretary - 4 -