8-KSecurities & Listing

Fidelity National Information Services, Inc. 8-K Report, Listing Notice (Mar 30, 2007)

Filed March 30, 2007For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) filed an 8-K on March 30, 2007, to address a notice received from the New York Stock Exchange (NYSE) on March 26, 2007. The NYSE notified FIS of its failure to comply with Section 303A.02(a) of the NYSE Listed Company Manual, specifically regarding the disclosure of independent directors by name in its 2006 proxy statement. FIS has chosen to cure this deficiency by publicly naming its independent directors in this current report. This filing serves to inform investors about the specific listing rule violation and the company's proactive steps to rectify it. The prompt disclosure and resolution aim to maintain compliance with NYSE listing standards and assure investors of the company's commitment to corporate governance.

Key Highlights

  • 1FIS received a notice from the NYSE on March 26, 2007, regarding a listing rule violation.
  • 2The violation pertains to the failure to disclose independent directors by name in the 2006 proxy statement.
  • 3FIS is addressing the deficiency by naming its independent directors in this 8-K filing.
  • 4The company consulted with the NYSE to ensure the chosen cure method was acceptable.
  • 5The independent directors have been identified and listed by name in the report.
  • 6This action is intended to maintain compliance with NYSE continued listing standards.

Frequently Asked Questions

FIS filed this 8-K to report a notice received from the New York Stock Exchange (NYSE) regarding a failure to comply with a continued listing rule. Specifically, the company did not disclose its independent directors by name in its 2006 proxy statement as required by NYSE rules.

FIS has elected to cure the deficiency by naming each of its independent directors in this 8-K filing. This action was taken after consultation with the NYSE and serves to satisfy the disclosure requirement that was missed in the proxy statement.

This filing appears to be a procedural matter and a timely correction of a corporate governance disclosure oversight. The company has identified the issue and taken swift action to rectify it in consultation with the NYSE. Investors can be reassured by the promptness of the correction and the commitment to NYSE listing standards.

The independent directors named in the report are: Robert M. Clements, Thomas M. Hagerty, Marshall Haines, Keith W. Hughes, David K. Hunt, James K. Hunt, Daniel D. (Ron) Lane, Richard N. Massey, and Cary H. Thompson.