8-KOther Events

Fidelity National Information Services, Inc. 8-K Report (Aug 4, 2003)

Filed August 4, 2003For Securities:FIS

Summary

This Form 8-K filing from Certegy Inc., dated August 4, 2003, reports the early termination of a temporary suspension of trading in the company's employee benefit plans, specifically the Certegy Inc. 401(k) Plan. This "blackout period," which temporarily restricted participants' ability to direct or diversify investments, obtain loans, or receive distributions, was originally scheduled to end on July 31, 2003, but concluded ahead of schedule on July 23, 2003, due to the early completion of a change in plan record keepers. While this event primarily impacts plan participants by restoring their access to plan assets, it's important for investors to note the company's compliance with ERISA regulations regarding such blackout periods. The early completion suggests a smoother transition than initially anticipated, which can be viewed positively, though the direct financial impact on the company itself from this specific filing appears minimal. Investors seeking further details can contact Walter M. Korchun, Corporate Vice President, General Counsel, and Secretary.

Key Highlights

  • 1Certegy Inc. (FIS) filed a Form 8-K on August 4, 2003.
  • 2The report concerns the temporary suspension of trading (blackout period) in the Certegy Inc. 401(k) Plan.
  • 3The blackout period was required by the Employment Retirement Income Security Act of 1974 (ERISA).
  • 4The suspension affected transactions in Plan assets, including the Certegy Common Stock fund.
  • 5The blackout period began on June 17, 2003, and was originally expected to end on July 31, 2003.
  • 6The blackout period ended early on July 23, 2003, due to the prompt completion of a change in record keepers for the Plan.
  • 7Plan participants' ability to direct investments, obtain loans, or receive distributions was suspended during this period.

Frequently Asked Questions

The main purpose of this filing is to inform the Securities and Exchange Commission and the public that Certegy Inc.'s employee 401(k) plan has emerged from a temporary "blackout period" earlier than originally scheduled. This period restricted certain transactions for plan participants.

The suspension, known as a "blackout period," was a temporary measure required by ERISA regulations. It was implemented to facilitate a change in the plan's record keepers, ensuring a smooth transition of assets and participant data.

The direct financial impact on Certegy Inc. from this specific filing is likely minimal. The filing primarily relates to administrative changes within its employee benefit plan and ensures compliance with regulatory requirements. The early completion suggests operational efficiency in managing this transition.

Plan participants who have inquiries about the blackout period should direct them to Walter M. Korchun, Corporate Vice President, General Counsel, and Secretary of Certegy Inc., at the provided address and telephone number.