8-KShareholder Matters

Fidelity National Information Services, Inc. 8-K Report, Shareholder Vote Results (May 27, 2016)

Filed May 27, 2016For Securities:FIS

Summary

This 8-K filing from Fidelity National Information Services, Inc. (FIS) reports on the outcomes of the company's Annual Meeting of Shareholders held on May 25, 2016. The key takeaway for investors is the overwhelming shareholder support for the company's board of directors and the ratification of its independent auditor. All nominated directors were elected, indicating confidence in the current leadership and governance. Furthermore, shareholders provided advisory approval for the compensation of named executive officers, though with a notably higher number of 'against' votes and broker non-votes compared to director elections and auditor ratification. The company also successfully ratified KPMG LLP as its independent registered public accounting firm for 2016, signaling continued confidence in the external audit process. Overall, the meeting results suggest a stable governance environment with strong support for the board and audit functions.

Key Highlights

  • 1All nominated directors were overwhelmingly elected to serve until the 2017 Annual Meeting of Shareholders.
  • 2Shareholders provided advisory approval for the compensation of the company's named executive officers.
  • 3KPMG LLP was ratified as the independent registered public accounting firm for 2016 with strong shareholder support.
  • 4A significant number of broker non-votes were recorded across all submitted matters, which is typical for such meetings and reflects shares held in "street name" without voting instructions.
  • 5Director Ellen R. Alemany and Stephan A. James received particularly high 'For' votes, indicating strong individual confidence.
  • 6While advisory executive compensation was approved, the 'Against' and broker non-vote tallies were higher than for director elections or auditor ratification.

Frequently Asked Questions

Yes, all persons nominated as directors by Fidelity National Information Services, Inc. were elected by the shareholders to serve until the Company’s 2017 Annual Meeting of Shareholders. The voting results show substantial 'For' votes for each nominee.

Shareholders voted on an advisory basis to approve the compensation of the company's named executive officers. The proposal received a majority of 'For' votes (205,999,779), but also saw a notable number of 'Against' votes (38,320,019) and broker non-votes (25,043,194) compared to other proposals.

Yes, the appointment of KPMG LLP as the Company's independent registered public accounting firm for 2016 was ratified by the shareholders. The vote was overwhelmingly in favor, with 267,380,879 votes for the ratification.

Broker non-votes represent shares held by brokerage firms on behalf of their clients (in 'street name') where the broker has not received voting instructions from the beneficial owner. These shares are counted as present for quorum purposes but are not voted on the specific matter.