8-KOther Events

Fidelity National Information Services, Inc. 8-K Report (Aug 13, 2003)

Filed August 13, 2003For Securities:FIS

Summary

Certegy Inc. (CERTY) announced on August 12, 2003, a significant share repurchase program through a private transaction. The company bought back 882,269 shares of its common stock. This action indicates a strategic move by management to return value to shareholders and potentially increase the value of remaining shares by reducing the overall outstanding share count. While this filing doesn't include detailed financial statements or pro forma information, the share repurchase is a key event for investors to note. It suggests confidence from the company's leadership in its own valuation and a commitment to enhancing shareholder returns. Investors should consider how this reduction in outstanding shares might impact future earnings per share and overall company valuation.

Key Highlights

  • 1Certegy Inc. repurchased 882,269 shares of its common stock on August 12, 2003.
  • 2The share repurchase was executed through a private transaction.
  • 3The filing is made under Regulation FD Disclosure (Item 9), meaning the information is furnished and not deemed 'filed' for liability purposes.
  • 4No financial statements of acquired businesses or pro forma financial information were included in this filing.
  • 5The press release announcing the repurchase is attached as Exhibit 99.1.
  • 6Michael T. Vollkommer, Corporate Vice President and Chief Financial Officer, signed the report.
  • 7The filing date is August 13, 2003, with the earliest event reported being August 12, 2003.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose Certegy Inc.'s repurchase of 882,269 shares of its common stock through a private transaction, as announced in a press release dated August 12, 2003. This information is being furnished under Regulation FD.

A share repurchase can be significant for investors as it reduces the number of outstanding shares. This can potentially increase earnings per share (EPS) if the company's net income remains the same or grows, and it may signal that management believes the company's stock is undervalued. It also represents a way for the company to return capital to shareholders.

No, this specific 8-K filing does not contain detailed financial statements of businesses acquired or pro forma financial information. It focuses solely on the announcement of the share repurchase. Investors would need to refer to other filings, such as the company's quarterly (10-Q) or annual (10-K) reports, for comprehensive financial details.

The information is furnished under Item 9 of Form 8-K (Regulation FD Disclosure). This means the company is providing the information to the public but it is not officially 'filed' with the SEC in the same way as other reports. Consequently, it is not subject to the liabilities under Section 18 of the Securities Exchange Act of 1934, unless it is specifically incorporated into another SEC filing.