secwatch.observer — SEC 8-K summary
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Issuer:     Fidelity National Information Services, Inc. (FIS)
CIK:        0001136893
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001193125-24-044681
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIS enters employment amendments with former CFO Erik Hoag and former COO Ido Gileadi for transition services
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- Erik Hoag, former CFO, will remain as non-executive employee to manage Worldpay separation through June 30, 2025 with $600k base salary and 125% target bonus.
- Ido Gileadi, former COO, will transition to consultant from March 1, 2024 to Dec 31, 2024 with monthly fee of $49,000 and up to $3M in one-time payments.
- Hoag’s role includes managing FIS’s 45% equity interest in Worldpay and building strategic partnership with GTCR.
- Gileadi’s consulting services support Worldpay divestiture, banking centralization, and EBITDA improvement initiatives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1136893/000119312524044681/0001193125-24-044681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1136893/000119312524044681/d764426d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-044681

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer