Filing Summary: Fidelity National Information Services, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed on March 25, 2008, covering events occurring on March 20, 2008. The filing pertains to compensatory arrangements for certain officers of Fidelity National Information Services, Inc.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on executive compensation grants rather than financial performance metrics.
Material Changes
On March 20, 2008, the Company granted restricted shares of common stock to five officers under the Certegy Inc. Stock Incentive Plan. The specific grants were as follows:
- William P. Foley, II: 25,800 shares
- Lee A. Kennedy: 27,900 shares
- Jeffrey S. Carbiener: 10,600 shares
- Brent B. Bickett: 9,000 shares
- Alan L. Stinson: 4,500 shares
Terms, Outlook, and Risks
The restrictions on the granted shares lapse in eight equal installments (1/8th) at the end of each fiscal quarter, beginning June 30, 2008, and concluding March 31, 2010. In the event of a change in control, restrictions lapse fully; however, the previously announced spin-off of Lender Processing Services, Inc. is explicitly excluded from constituting a change in control for this purpose.
Investor Verification Checklist
- Verify the total number of shares granted to each named executive officer.
- Confirm the vesting schedule details (quarterly lapses from June 2008 to March 2010).
- Review the specific definition of "change in control" regarding the Lender Processing Services, Inc. spin-off.
- Examine Exhibit 99.1 for the full text of the Notice of Restricted Stock Grant and Award Agreement.