FIS Reports Officer Compensation & Debt Structure Changes

Ticker: FIS · Form: 8-K · Filed: 2024-02-23T00:00:00.000Z

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.

From the Filing

0001193125-24-044681.txt : 20240223 0001193125-24-044681.hdr.sgml : 20240223 20240223171416 ACCESSION NUMBER: 0001193125-24-044681 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20240219 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fidelity National Information Services, Inc. CENTRAL INDEX KEY: 0001136893 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 371490331 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16427 FILM NUMBER: 24672560 BUSINESS ADDRESS: STREET 1: 347 RIVERSIDE AVENUE CITY: JACKSONVILLE STATE: FL ZIP: 32202 BUSINESS PHONE: 407-551-8315 MAIL ADDRESS: STREET 1: 347 RIVERSIDE AVENUE CITY: JACKSONVILLE STATE: FL ZIP: 32202 FORMER COMPANY: FORMER CONFORMED NAME: CERTEGY INC DATE OF NAME CHANGE: 20010607 FORMER COMPANY: FORMER CONFORMED NAME: EQUIFAX PS INC DATE OF NAME CHANGE: 20010315 8-K 1 d764426d8k.htm 8-K 8-K false 0001136893 0001136893 2024-02-19 2024-02-19 0001136893 fis:CommonStockParValue001PerShareMember 2024-02-19 2024-02-19 0001136893 fis:M1.100SeniorNotesDue20248Member 2024-02-19 2024-02-19 0001136893 fis:M0.625SeniorNotesDue20251Member 2024-02-19 2024-02-19 0001136893 fis:M1.500SeniorNotesDue20272Member 2024-02-19 2024-02-19 0001136893 fis:M1.000SeniorNotesDue20283Member 2024-02-19 2024-02-19 0001136893 fis:M2.250SeniorNotesDue20294Member 2024-02-19 2024-02-19 0001136893 fis:M2.000SeniorNotesDue20305Member 2024-02-19 2024-02-19 0001136893 fis:M3.360SeniorNotesDue20316Member 2024-02-19 2024-02-19 0001136893 fis:M2.950SeniorNotesDue20397Member 2024-02-19 2024-02-19     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): February 19, 2024     Fidelity National Information Services, Inc. (Exact name of registrant as specified in its charter)       Georgia   1-16427   37-1490331 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   347 Riverside Avenue Jacksonville , Florida     32202 (Address of principal executive offices)     (Zip Code) Registrant’s telephone number, including area code: (904) 438-6000 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:     ☐ 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 Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.01 per share   FIS   New York Stock Exchange 1.100% Senior Notes due 2024   FIS24A   New York Stock Exchange 0.625% Senior Notes due 2025   FIS25B   New York Stock Exchange 1.500% Senior Notes due 2027   FIS27   New York Stock Exchange 1.000% Senior Notes due 2028   FIS28   New York Stock Exchange 2.