8-KLeadership Changes

Fidelity National Information Services, Inc. 8-K Report, Executive Changes (Apr 3, 2009)

Filed April 3, 2009For Securities:FIS

Summary

This 8-K filing from Fidelity National Information Services, Inc. (FIS) on April 3, 2009, primarily concerns a change in its Board of Directors. Robert M. Clements has decided not to seek re-election at the upcoming Annual Meeting of Shareholders due to time constraints from his other executive roles, specifically as Chairman and CEO of EverBank Financial Corporation. This decision is explicitly stated as not being due to any disagreements with FIS regarding its operations, policies, or practices. In response to Mr. Clements' departure, the Board of Directors has approved a reduction in its size from seven to six members, effective from the date of the Annual Meeting. This filing focuses on personnel changes within the board and does not appear to contain information regarding financial performance, significant operational changes, or material business developments for investors to consider in relation to the company's core business activities.

Key Highlights

  • 1Robert M. Clements will not stand for re-election to the Board of Directors at the upcoming Annual Meeting.
  • 2Mr. Clements' decision is based on other professional commitments, not disagreements with FIS.
  • 3The size of the Board of Directors will be reduced from seven to six members.
  • 4The board reduction will be effective upon the date of the Annual Meeting.
  • 5The Annual Meeting is scheduled for May 28, 2009.

Frequently Asked Questions

Robert M. Clements is not standing for re-election to the Board of Directors because of the significant time required by his other commitments, most notably his role as Chairman and Chief Executive Officer of EverBank Financial Corporation.

No, the filing explicitly states that Mr. Clements' decision not to stand for re-election was not the result of any disagreement with Fidelity National Information Services on any matters relating to the Company's operations, policies, or practices.

The Board of Directors has approved a reduction in its size from seven directors to six directors, effective as of the date of the Annual Meeting of Shareholders.