8-KOther EventsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Corporate Update (May 8, 2015)

Filed May 8, 2015For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) filed this Form 8-K on May 8, 2015, primarily to recast prior period financial statements in accordance with SEC regulations. This recasting reflects a significant organizational realignment completed in March 2015, which changed how the company's chief operating decision maker reviews and allocates resources. As a result, FIS is now reporting its financial performance under three new segments: Integrated Financial Solutions, Global Financial Solutions, and Corporate and Other, effective from the first quarter of 2015. This filing does not alter previously reported revenues, operating income, or net earnings but provides updated segment information for the years 2014, 2013, and 2012. Investors should note that this report is for compliance purposes related to future filings (e.g., registration statements, proxy statements) and does not update or modify disclosures made in the 2014 Annual Report on Form 10-K, other than to illustrate the new segment structure. For subsequent developments, investors should refer to FIS's Form 10-Q for the quarter ended March 31, 2015, also filed on May 8, 2015.

Key Highlights

  • 1FIS is recasting prior period financial statements to reflect a new organizational structure and segment reporting.
  • 2The company reorganized in March 2015 to streamline global operations and better meet client demands.
  • 3New reporting segments are: Integrated Financial Solutions, Global Financial Solutions, and Corporate and Other.
  • 4This recasting impacts historical segment data for 2014, 2013, and 2012.
  • 5The filing ensures compliance with SEC rules for potential future registration, proxy, or information statements.
  • 6This report does not change previously reported overall financial performance (revenue, net earnings), only segment presentation.
  • 7Updated financial information under the new structure is provided via exhibits to this 8-K.

Frequently Asked Questions

FIS is filing this 8-K to comply with SEC regulations that require the recasting of prior period financial statements when a company changes its segment reporting structure. This is necessary because FIS recently reorganized its operations and reporting segments.

Following its organizational realignment, FIS is now reporting under three new segments: Integrated Financial Solutions, Global Financial Solutions, and Corporate and Other.

No, this filing specifically states that it does not amend or restate revenues, operating income, or net earnings for any previously reported periods. The changes are solely related to how the company's operations are segmented and presented.

This 8-K focuses on the recasting of historical segment data. For developments and financial performance after the organizational changes and segment reporting update, investors should refer to FIS's Quarterly Report on Form 10-Q for the quarter ended March 31, 2015, which was also filed on May 8, 2015.