8-KLeadership ChangesExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Executive Changes (Feb 8, 2022)

Filed February 8, 2022For Securities:FIS

Summary

This 8-K filing announces a significant executive change at Fidelity National Information Services, Inc. (FIS), with the appointment of Stephanie Ferris as President, effective February 8, 2022. Ms. Ferris brings a wealth of experience to this new role, having most recently served as Chief Administrative Officer since September 2021. Prior to that, she held the position of Chief Operating Officer from August 2019 to September 2020 and was the Chief Financial Officer of Worldpay from 2016 until its acquisition by FIS. Her extensive background in financial leadership, including roles at Worldpay (formerly Vantiv) and Fifth Third Bancorp, coupled with her accounting credentials, positions her well for this expanded responsibility. The filing clarifies that there are no compensation arrangements associated with her selection as President, nor are there any family relationships or related party transactions involving Ms. Ferris and the Corporation's directors or executive officers, indicating a straightforward internal promotion. Investors should view this as a move that places an experienced insider into a key leadership position.

Key Highlights

  • 1Stephanie Ferris appointed as President of FIS, effective February 8, 2022.
  • 2Ms. Ferris has a strong internal track record, previously serving as Chief Administrative Officer.
  • 3Her prior experience includes roles as Chief Operating Officer of FIS and Chief Financial Officer of Worldpay.
  • 4Ms. Ferris possesses significant financial expertise, having held CFO and leadership positions at Worldpay (f/k/a Vantiv) and Fifth Third Bancorp.
  • 5She is a Certified Public Accountant with a strong educational background in accounting.
  • 6The filing explicitly states no compensatory arrangements, family relationships, or related party transactions related to her appointment.
  • 7Exhibit 99.1 contains the press release announcing this appointment.

Frequently Asked Questions

The appointment of Stephanie Ferris as President is significant as it places an experienced executive, who has held key operational and administrative roles within FIS and its acquired company Worldpay, into a top leadership position. This suggests continuity and internal promotion, leveraging her deep understanding of the company's operations and financial landscape.

According to the filing, there are no specific arrangements or undertakings pursuant to which Ms. Ferris was selected as President, and no additional compensatory arrangements are detailed in relation to this appointment. This implies the promotion is likely part of her existing compensation structure or will be addressed through normal executive compensation reviews.

Ms. Ferris has a robust background in finance and operations. She served as FIS's Chief Administrative Officer and previously as COO, and crucially, was CFO of Worldpay prior to its acquisition by FIS. Her experience as CFO of a major payments company and her earlier roles in financial leadership at Vantiv and Fifth Third Bancorp provide her with deep expertise relevant to leading FIS.

The filing explicitly states there are no family relationships among the Corporation's directors or executive officers and Ms. Ferris, nor are there any related party transactions between the Corporation and Ms. Ferris. This indicates no apparent conflicts of interest arising from her appointment.