01—Abstract
Summary
Summary of the 8-K filed March 14, 2025. Cited figures are marked; the original filing is the authoritative source.
Fidelity National Information Services, Inc. (FIS) announced a change in its Board of Directors structure via an 8-K filing on March 14, 2025.
Director Lee Adrean, Chair of the Audit Committee, has decided not to stand for re-election at the upcoming 2025 annual shareholder meeting. This departure is amicable and not related to any disputes regarding the company's operations or policies. The company expressed gratitude for Mr. Adrean's 11 years of service, particularly his leadership of the Audit Committee.
In response to Mr. Adrean's decision, the Board has appointed Nicole Anasenes as the new Chair of the Audit Committee, effective immediately. Ms. Anasenes, who joined the Board in October 2024, brings over 20 years of financial experience, including previous CFO roles and audit committee service at other public companies.
This transition is expected to be smooth given her existing role on the Audit Committee. The Board size will also be reduced from ten to nine directors following the 2025 shareholder meeting.
02—Key points
Key Highlights
- Director Lee Adrean will not seek re-election at the 2025 annual shareholder meeting.
- Mr. Adrean's departure is amicable and not due to any disagreements with FIS.
- Nicole Anasenes appointed as the new Chair of the Audit Committee, effective immediately.
- Ms. Anasenes brings extensive financial expertise and prior audit committee experience to the role.
- The Board size will decrease from ten to nine directors after the 2025 shareholder meeting.
- Company leadership expressed appreciation for Mr. Adrean's 11 years of service and contributions.
03—Questions
Frequently Asked Questions
Why is Lee Adrean not standing for re-election?
Mr. Adrean has decided not to stand for re-election at the 2025 annual shareholder meeting. This decision was his own and is not due to any disagreement with Fidelity National Information Services, Inc. (FIS) regarding the company's operations, policies, or practices.
Who will replace Lee Adrean as Chair of the Audit Committee?
The Board of Directors has appointed Ms. Nicole Anasenes to succeed Mr. Adrean as Chair of the Audit Committee, effective immediately. Ms. Anasenes has been a member of the Board since October 2024 and serves on the Audit Committee.
What impact will this director change have on the Board's size?
Following Mr. Adrean's departure after the 2025 annual shareholder meeting, the size of the Board of Directors will be reduced from ten to nine members.
Does Nicole Anasenes have relevant experience for her new role?
Yes, Ms. Anasenes brings over 20 years of financial expertise to the Audit Committee Chair position. Her experience includes serving as a Chief Financial Officer at several companies and sitting on the audit committees of other publicly traded companies.
04—Continue