8-KMaterial AgreementsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Material Agreement (Apr 5, 2007)

Filed April 5, 2007For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) filed an 8-K on April 5, 2007, to report the entry into a material definitive agreement concerning the granting of restricted stock to its executive officers and directors. Specifically, Lee A. Kennedy was granted 6,600 shares and Jeffrey S. Carbiener received 5,500 shares. These grants are made under the company's Certegy Inc. Stock Incentive Plan, with restrictions on the shares lapsing one year from the grant date. Notably, a change in control of the company would immediately lift all restrictions on these shares.

Key Highlights

  • 1FIS granted restricted stock to key executive officers and directors on March 30, 2007.
  • 2Lee A. Kennedy received 6,600 restricted shares, and Jeffrey S. Carbiener received 5,500 restricted shares.
  • 3The grants are made under the Certegy Inc. Stock Incentive Plan.
  • 4Restrictions on the granted shares lapse on the first anniversary of the grant date.
  • 5A change in control of FIS will result in the immediate lapse of all restrictions on these shares.
  • 6The filing includes the form of the Restricted Stock Grant and Award Agreement as Exhibit 99.1.
  • 7Jeffrey S. Carbiener, Executive Vice President and Chief Financial Officer, signed the filing.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose a material definitive agreement related to the granting of restricted stock to executive officers and directors, a common practice for executive compensation and alignment with shareholder interests.

The restrictions on the granted shares lapse on the first anniversary of the effective date of the grant, which was March 30, 2007.

In the event of a change in control of Fidelity National Information Services, Inc., the restrictions on these shares will lapse fully, meaning the recipients will immediately own the shares without any limitations.

The restricted stock grants were made to executive officers and directors, specifically naming Lee A. Kennedy (6,600 shares) and Jeffrey S. Carbiener (5,500 shares).