8-KOther EventsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Corporate Update (Oct 13, 2015)

Filed October 13, 2015For Securities:FIS

Summary

This Form 8-K filing by Fidelity National Information Services, Inc. (FIS) on October 13, 2015, primarily serves to provide updates and supplementary information related to its previously announced definitive agreement to acquire SunGard. The company expects the transaction to close by the end of 2015, subject to SunGard stockholder approval and other customary closing conditions. This filing includes essential financial documentation for SunGard, such as its audited consolidated financial statements for fiscal years 2012-2014 and condensed consolidated financial statements for the six months ended June 30, 2015. Additionally, it provides FIS's computation of its ratio of earnings to fixed charges for the first six months of 2015 and the preceding five years. These disclosures are crucial for investors to assess the financial health and integration potential of the combined entity.

Key Highlights

  • 1FIS provides updated information on its pending acquisition of SunGard, with an expected closing by year-end 2015.
  • 2SunGard stockholder approval is a key condition for the completion of the acquisition.
  • 3The filing includes audited consolidated financial statements for SunGard for the fiscal years 2012, 2013, and 2014.
  • 4Condensed consolidated financial statements for SunGard as of June 30, 2015, and for the six-month periods ended June 30, 2015 and 2014, are included.
  • 5FIS's computation of its ratio of earnings to fixed charges for the six months ended June 30, 2015, and for each of the five years from 2011 through 2015 is provided.
  • 6The filing includes the consent of PricewaterhouseCoopers LLP, SunGard's independent registered public accounting firm.
  • 7Additional information is made available for SunGard stockholders regarding the proposed transactions, including a preliminary consent solicitation statement/prospectus filed with the SEC.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide important financial information and updates related to Fidelity National Information Services, Inc.'s (FIS) pending acquisition of SunGard. It includes financial statements for SunGard and FIS's earnings to fixed charges ratio, which are crucial for investors evaluating the transaction.

FIS expects the SunGard transaction to close before the end of 2015, although there can be no assurance as to when or if the transaction will be completed. The closing is subject to conditions including approval by SunGard stockholders.

Investors can find more detailed information by accessing the SEC's website (www.sec.gov) or the company's website (www.fisglobal.com). Specifically, they should look for the Form S-4 Registration Statement, which includes a preliminary consent solicitation statement/prospectus and other relevant materials concerning the proposed transactions.

Key risks include the possibility that the transaction may not be completed, that it may not provide the expected benefits, or that anticipated synergies may not be achieved. Other risks include changes in economic conditions, regulatory changes, technological advancements, security breaches, competitive pressures, and operational or natural disasters, as detailed in FIS's SEC filings, including its Annual Report on Form 10-K.