8-KLeadership ChangesExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Executive Changes (Jun 16, 2014)

Filed June 16, 2014For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) announced a significant addition to its Board of Directors on June 15, 2014, with the appointment of Ellen Alemany. This move, effective immediately, increases the size of the board from ten to eleven members and is expected to bring substantial financial and operational expertise to FIS. Ms. Alemany's extensive background includes senior leadership roles at major financial institutions such as Citigroup and RBS, where she held CEO positions and served on executive committees. Her experience also spans regulatory advisory roles with the Federal Reserve and board memberships with other prominent public companies, indicating a strong understanding of corporate governance and strategic financial operations. Investors should note that Ms. Alemany's appointment is accompanied by a compensation package designed to align her interests with long-term shareholder value. This includes a one-time equity grant valued at $150,000, split between performance-based options and restricted stock, along with participation in the standard non-management director compensation program. This strategic board expansion, coupled with experienced leadership and performance-based incentives, signals FIS's commitment to strengthening its governance and strategic direction.

Key Highlights

  • 1Appointment of Ellen Alemany to the Board of Directors, effective June 15, 2014.
  • 2Increases the total number of directors on the board from ten to eleven.
  • 3Ellen Alemany brings extensive experience from senior leadership roles at Citigroup and RBS, including CEO positions.
  • 4Ms. Alemany has prior board experience with Automatic Data Processing, Inc. and CIT Group.
  • 5She has also served on the Federal Reserve Advisory Board.
  • 6Alemany will receive a $150,000 one-time equity grant (50% performance-based options, 50% performance-based restricted stock).
  • 7She will participate in the standard compensation program for non-management directors.

Frequently Asked Questions

Ellen Alemany is a seasoned financial executive with a career spanning operations and leadership roles at major financial institutions like Chase Manhattan, Citigroup, and RBS. Her appointment to the FIS Board is significant due to her extensive experience in financial services, executive leadership, and corporate governance, which is expected to provide valuable strategic guidance to the company.

Ms. Alemany will receive a one-time equity grant valued at $150,000, with half in performance-based stock options and half in performance-based restricted stock. She will also participate in the standard compensation and benefit program for non-management directors, as detailed in FIS's proxy statement.

The addition of a director with Ms. Alemany's caliber and diverse experience, particularly in areas like global transaction services and retail banking operations (through Citizens Financial Group), suggests FIS may be looking to strengthen its strategic oversight in key business segments, enhance its operational efficiency, or navigate complex financial industry trends. Her background in regulatory advisory roles also indicates a potential focus on compliance and governance.

This filing specifically addresses an addition to the Board of Directors, not a change in the executive management team. Ellen Alemany has been appointed to the Board, and the report does not mention any departures or appointments of officers.