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Definitive Proxy Statement
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![]() |
2025 Proxy Statement
|
1
|
![]() |
![]()
Jeffrey A. Goldstein
Chair of the Board of Directors
|
2
|
FIS Global
|
![]() |
1
![]() |
Election of Directors
To elect the nine (9) members of the Board of Directors
named in the proxy statement to serve until the 2026
annual meeting of shareholders
|
![]()
“FOR”
each director
nominee
|
||
2
![]() |
Advisory Vote on Executive Compensation
To approve, on an advisory and non-binding basis, the
compensation of our named executive officers
|
![]()
“FOR”
|
||
3
![]() |
Ratification of Independent Registered
Public Accounting Firm
To ratify the appointment of KPMG LLP as the Company’s
independent registered public accounting firm for 2025
|
![]()
“FOR”
|
||
![]()
DATE AND TIME
Day, June 12, 2025
10:00 AM, Eastern Time
![]()
LOCATION
347 Riverside Avenue
Jacksonville, Florida 32202
|
|
How to Vote by Proxy
INTERNET
using a unique password printed
on your proxy card and following
the instructions on the proxy card
MAIL
using the enclosed proxy card and
return envelope
TELEPHONE
using the telephone number
printed on the proxy card and
following the instructions on the
proxy card
Even if you expect to attend the
annual meeting, please vote by
proxy to ensure that your shares
will be represented.
|
IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON JUNE 12, 2025:
The Notice of Annual Meeting, Proxy Statement and Annual Report on Form
10-K for the year ended December 31, 2024 are available at
www.proxyvote.com
|
![]() |
2025 Proxy Statement
|
3
|
FIS at a Glance
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Voting Roadmap
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
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Proxy Summary
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Nominees for Election as Director
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Board Oversight
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Our 2024-2025 Shareholder Engagement Program
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Contacting the Board
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Board Leadership Structure
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Director Independence
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Committees of the Board
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Director Compensation
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Certain Information About Our Executive Officers
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Compensation Discussion and Analysis
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Executive Summary
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2024 Performance Highlights
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Compensation Governance
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2024 Say-On-Pay Vote and Shareholder Engagement
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Compensation Philosophy
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Compensation Objectives
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Establishing Executive Compensation Levels
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Independence of the Compensation Consultant
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Compensation Elements
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2024 Total Compensation
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Compensation Process
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Compensation Committee Report
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
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Executive Compensation
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2024 Summary Compensation Table
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2024 Grants of Plan-Based Awards
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
|
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Narrative Discussion for Summary Compensation Table and Grants of Plan-Based Awards Table
. . . . . . . . . . . . . . . . . . . . . . . . .
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2024 Outstanding Equity Awards at Fiscal Year-end
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2024 Option Exercises and Stock Vested
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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2024 Nonqualified Deferred Compensation
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Potential Payments Upon Termination or Change in Control
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Compensation Risk Assessment
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Action to Recover Erroneously Awarded Compensation
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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CEO Pay Ratio
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Pay Versus Performance
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Ratification of KPMG LLP as the Company’s Independent Registered Public Accounting Firm
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Principal Accounting Fees and Services
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Approval of Accountants’ Services
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Report of the Audit Committee
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Security Ownership of Certain Beneficial Owners, Directors and Executive Officers
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Securities Authorized for Issuance Under Equity Compensation Plans
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Delinquent Section 16(a) Reports
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Shareholder Nominations for Board Membership and Other Proposals
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Other Matters
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Available Information
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Frequently Asked Questions
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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4
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FIS Global
|
![]() |
1
|
2
|
3
|
|||||||||
A Scaled
Technology
Leader
|
With Global
Distribution &
Marquee Set
Of Clients
|
Delivering
Broad Suite Of
Best-of-Breed
Solutions
|
|||||||||
![]() |
2025 Proxy Statement
|
5
|
Separated Worldpay, with the sale of a majority equity interest completed in January 2024
![]()
Held our first Investor Day in six years, laying out our strategic vision and medium-term financial targets
![]()
Repurchased over $4 billion of shares in FY 2024
![]()
Returned $800 million to shareholders via dividends in 2024, and increased our dividend in January 2025
![]()
Executed on our M&A strategy, closing several complementary acquisitions across our key growth vectors
![]() |
||
14K
Clients
|
95%
of the World’s
Leading Banks
|
$16T
Financial Assets
on Platforms
|
1,500
Sales and
Relationship
Managers Globally
|
25K
Technologists
|
||||||||
17B+
Transactions
Processed Annually
|
$8T
Assets Serviced
|
90%+
Workloads on Cloud
|
70%
of Top 100
Insurance Firms
|
$50T
AUM
of Traditional
Asset Managers
|
6
|
FIS Global
|
![]() |
![]() |
Corporates
|
From treasury and risk to payments and receivables to data connectivity, FIS
®
solutions pave
the way for business growth for organizations in education, engineering, government,
manufacturing, retail, technology and more.
|
![]() |
Enterprise
Technology
|
Our clients are driven to innovate. We fuel this with the know-how and agility of the world’s
#1 fintech.
So that they can innovate for their customers, we innovate for them.
|
![]() |
Financial
Institutions
|
Financial institutions can build their transformation on the absolute performance of our
financial technology solutions, backed by reliable banking and proven payments infrastructure.
|
![]() |
FinTech
|
Our fintech clients have the vision; we enable fintech innovators to build game-changing
solutions and platforms to make their mark on the financial landscape.
|
![]() |
Governments
|
We empower government agencies to defend themselves and vulnerable residents from fraud,
find efficiencies with leading-edge infrastructure and build trust with strong data security
measures – all provided by FIS
®
.
|
![]() |
Insurance
|
With digital insurance software solutions, FIS
®
helps innovative insurers do more for their
policyholders, better protect their business and outpace their competitors.
|
![]() |
Securities &
Investments
|
With powerful asset management technology, investment banking technology and
broker-dealer software, FIS
®
helps buy- and sell-side firms turn change to their advantage.
|
![]() |
2025 Proxy Statement
|
7
|
![]() |
|
PROPOSAL 1
|
|
Election of Directors
|
|
Our business is managed under the direction and oversight of our Board. Our proposed nominees for election to
the Board consist of eight non-employee directors and one management director. Each member of our Board is
elected annually for a one-year term.
|
The Board recommends that the shareholders vote
FOR
each director nominee.
|
See page
17
|
![]() |
|
PROPOSAL 2
|
|
Advisory Vote on Executive Compensation
|
|
We hold a non-binding advisory “say on pay” vote every year, pursuant to Section 14A of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”). Our executive compensation practices and processes,
overseen by the Compensation Committee of our Board, align our executives' compensation with our
performance and promote long-term value creation. At our 2024 shareholders’ meeting, this proposal received
support from 91.6% of the shares voted.
|
The Board recommends that the shareholders vote
FOR
this proposal.
|
See page
45
|
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|
PROPOSAL 3
|
|
Ratification of KPMG LLP as the Company’s
Independent Registered Public Accounting Firm
|
|
Although shareholder ratification of the appointment of our independent registered public accounting firm is not
required by our Bylaws or otherwise, we are submitting the selection of KPMG LLP (“KPMG”) to our shareholders
for ratification.
|
The Board recommends that the shareholders vote
FOR
this proposal.
|
See page
89
|
8
|
FIS Global
|
![]() |
![]() |
|
PROPOSAL 1
|
|
Election of Directors
|
The Board recommends a vote
FOR
each director nominee.
|
See page
17
|
BOARD REFRESHMENT
|
BOARD INDEPENDENCE
|
||||
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|||
8
new directors in past 5 years
|
|||||
![]() |
2025 Proxy Statement
|
9
|
![]() |
EXECUTIVE LEADERSHIP
![]() |
![]() |
ENTERPRISE RISK MANAGEMENT /
INFORMATION SECURITY
![]() |
||
![]() |
GLOBAL BUSINESS EXPERIENCE
![]() |
![]() |
MERGERS AND ACQUISITIONS /
CAPITAL ALLOCATION
![]() |
||
![]() |
FINANCIAL EXPERTISE
![]() |
![]() |
GOVERNMENT & REGULATORY
![]() |
||
![]() |
PUBLIC COMPANY
BOARD EXPERIENCE
![]() |
![]() |
SUSTAINABILITY
![]() |
||
![]() |
HUMAN CAPITAL MANAGEMENT
![]() |
![]() |
TECHNOLOGY
![]() |
![]() |
BANKING OR FINANCIAL SERVICES
![]() |
||
![]() |
BUSINESS TRANSFORMATION
![]() |
![]() |
DIGITAL TRANSFORMATION
![]() |
||
![]() |
FINANCIAL TECHNOLOGY
![]() |
10
|
FIS Global
|
![]() |
Name
|
Age
|
Director
Since
|
Board
Committees
|
Principal Occupation
|
Other Public
Company
Boards
|
|
![]() |
Jeffrey A.
Goldstein
![]() |
69
|
2020
|
CC
CGNSC
EC
![]() |
Former Under Secretary of the Treasury
for Domestic Finance and Counselor to
the Secretary of the Treasury
|
1
|
![]() |
Stephanie L.
Ferris
|
51
|
2022
|
EC
|
Chief Executive Officer and
President, FIS
|
None
|
![]() |
Nicole M.
Anasenes
![]() |
51
|
2024
|
AC
![]()
RTC
EC
|
Former SVP and CFO, Ansys, Inc.
|
1
|
![]() |
Mark D.
Benjamin
![]() |
54
|
2023
|
CC
RTC
|
Former CEO,
Nuance Communications, Inc.
|
1
|
![]() |
Kourtney K.
Gibson
![]() |
43
|
2024
|
AC
RTC
|
CEO, Retirement Solutions, TIAA
|
1
|
![]() |
Lisa A.
Hook
![]() |
67
|
2019
|
RTC
![]()
AC
EC
|
Former President and CEO,
NeuStar, Inc.
|
2
|
![]() |
Kenneth T.
Lamneck
![]() |
70
|
2022
|
CC
CGNSC
![]()
EC
|
Former CEO,
Insight Enterprises, Inc.
|
2
|
![]() |
Gary L.
Lauer
![]() |
72
|
2019
|
CC
![]()
CGNSC
EC
|
Executive Director and Co-Founder,
Eminent Series Group
|
None
|
![]() |
James B.
Stallings, Jr.
![]() |
69
|
2013
|
CC
CGNSC
|
CEO, PS27 Ventures, LLC
|
1
|
![]() |
Independent
|
CC
|
Compensation Committee
|
|
![]() |
Chair
|
CGNSC
|
Corporate Governance, Nominating and Sustainability Committee
|
|
AC
|
Audit Committee
|
RTC
|
Risk and Technology Committee
|
|
EC
|
Executive Committee
|
![]() |
2025 Proxy Statement
|
11
|
Topic
|
Practice
|
Shareholder
Accountability
|
•
Annual election of directors with majority vote standard for uncontested elections
•
Majority vote standard for charter and bylaw amendments
•
Annual say-on-pay vote
|
Board Refreshment
|
•
Eight out of nine directors standing for election were appointed in the last five years
•
Robust director succession planning with focus on Board candidates with
strategically important expertise and diverse experience, skills, and background
•
Regular rotation of Board committee assignments
•
Mandatory director retirement age of 75
|
Director Independence
and Commitment
|
•
Independent Board Chair
•
Eight out of nine director nominees are independent
•
Board committees comprised entirely of independent directors
•
Director time commitment policy for service on outside public Boards
•
Directors required to seek approval prior to joining any additional for-profit company
Board or audit committee, whether public or private
•
Each director attended more than 93% of all Board and committee meetings
|
Executive Sessions
|
•
Independent directors meet regularly without management
|
Shareholder Rights
|
•
One class of capital stock, with one vote per share
•
Proxy access
|
Environmental, Social and
Governance (ESG)
|
•
Board-level oversight of ESG initiatives through the Corporate Governance,
Nominating and Sustainability Committee
•
Independent limited assurance of select ESG metrics
|
Executive and Director
Stock Ownership
|
•
Robust stock ownership guidelines for executives and directors
•
All executives and directors own FIS stock or restricted stock units
|
Board Self-Evaluations
|
•
Annual Board and committee self-evaluations
•
Comprehensive new director onboarding program
•
Formalized director continuing education program
|
Shareholder Engagement
|
•
Formal annual Board-led shareholder engagement program with director
participation,
overseen by the Corporate Governance, Nominating and
Sustainability Committee
|
Risk Oversight
|
•
Regular review of the Company’s risk profile, including risks associated with
cybersecurity, human capital management, climate change and severe
weather events
•
Risk and Technology Committee oversees Enterprise Risk Management (ERM)
|
12
|
FIS Global
|
![]() |
Topics discussed during our engagements over the last year:
|
||
•
Our execution on our strategic vision to unlock financial technology to the world across the money lifecycle
•
Our progress in refocusing and simplifying our business, improving client centricity, and strengthening our
financial position, including through execution of Future Forward and the sale of a majority stake of Worldpay
•
Board refreshment, including the appointment of two new independent directors in 2024
•
Our executive compensation program philosophy and structure, and adjustments we made to the program
in 2024
•
Our ESG strategy, priorities, and disclosures
|
||
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2025 Proxy Statement
|
13
|
![]() |
|
PROPOSAL 2
|
|
Advisory Vote on Executive Compensation
|
The Board recommends that the shareholders vote
FOR
this proposal.
|
See page
45
|
Strong
Performance
and Flat CEO
Pay in 2024
|
•
Total target compensation for the CEO increased 3% in 2024 compared to 2023
target compensation.
•
Total shareholder return was 37% for the year, ranking in the 81st percentile of the S&P 500.
|
||
Annual
Incentive
Program
|
•
Performance measures and weightings
were established to align with key value
drivers for the second year of our
strategic transformation.
•
Financial targets were consistent with the
Company’s guidance to investors and
reflected strategic priorities tied to the
Company’s transformation goals.
•
Paid out 95.9% of target, reflecting FIS’
success in executing on its
strategic priorities.
|
Program consisted of:
![]() |
|
Long-Term
Incentive
Program
|
•
2024 performance stock unit (“PSU”) grants utilized a three-year vesting period with cliff vesting
after year three, and used Adjusted Revenue Growth and Adjusted EPS Growth as the two equally
weighted financial metrics. Adjusted Revenue Growth and Adjusted EPS Growth are measured
annually against growth targets that were set in advance for each year of the performance period.
These metrics were selected to ensure alignment with the shareholder expectation for financial
performance and our long range strategic plans at the time of grant. In the case of the CEO and
CFO, the PSUs are subject to a single three-year relative TSR (rTSR) modifier, which can influence
the quantity of earned shares +/- 25%, if performance ranks above the 75th percentile or below the
25th percentile of the S&P 500 Index over the three-year performance period.
•
Following the Worldpay sale, the performance goals for the 2022 PSUs were modified to match the
2024 PSUs (while retaining the +/- 15% rTSR modifier from the original terms), to align with the
Company's post-Worldpay priorities.
•
Long-term equity incentive awards represented 80% of the CEO's total target compensation, and
65% of her total long-term equity incentive award was in the form of PSUs.
CEO 2024 TARGET*
![]()
* Percentages may not add to 100% due to rounding.
•
Consistent with the link between pay and performance and the investment experience of
our shareholders in fiscal 2024, the 2024 performance awards were earned at 150% of target for
the 2024 measurement period (subject to the +/- rTSR modifier for the CEO and CFO) based on
Revenue and EPS growth. The value of the earned amount will remain subject to market risk based
on changes in our stock price until the earned shares are paid out (based on continued service) in
the first quarter of 2027.
•
The same percentage applied to the 2024 tranche of the 2022 PSUs, plus 15% under the rTSR
modifier, for a payout of 172.5% of target. In the aggregate, the 2022 PSUs paid out at 81.6% of
the target number of shares.
|
||
14
|
FIS Global
|
![]() |
![]() |
|
PROPOSAL 3
|
|
Ratification of Independent Registered Public
Accounting Firm
|
|
The Board recommends that the shareholders vote
FOR
this proposal.
|
See page
89
|
2024
|
2023
|
||
Audit Fees
(1)
|
$
12,253,934
|
$
21,535,579
|
|
Audit-Related Fees
(2)
|
$
315,351
|
$
268,521
|
|
Tax Fees
(3)
|
$
1,870,201
|
$
471,522
|
|
All Other Fees
(4)
|
$
475,002
|
$
288,455
|
16
|
FIS Global
|
2025 Proxy Statement
|
17
|
Proposal 1:
Election of Directors
|
Our business is managed under the direction and oversight of our Board. Our proposed nominees
for election to the Board consist of eight non-employee directors and one management director.
Each member of our Board is elected annually for a one-year term.
If elected by our shareholders, each nominee will hold office for a one-year term expiring at the
2026 annual meeting of shareholders and until his or her successor is duly elected and qualified,
or until the director’s earlier resignation or removal. Our Board has no reason to believe that any
nominee for director will be unable to serve. However, if any nominee should, for any reason,
become unable to serve or for good cause will not serve prior to the 2025 Annual Meeting of
Shareholders, proxies will be voted for another nominee selected by the Board. Proxies cannot
be voted for more than nine persons. Alternatively, at our Board’s discretion, proxies may be voted
for fewer nominees if a nominee becomes unable to serve or for good cause will not serve.
The table on the following page summarizes the knowledge, experience and biographical
information concerning the nine nominees for election as directors of the Company.
The number of public company boards listed for each nominee does not include their service on
the FIS Board.
|
18
|
FIS Global
|
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Knowledge, Skills, Experience
|
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||
Core Competencies
|
|||||||||||
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Executive Leadership
|
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|
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Global Business Experience
|
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|
![]() |
Financial Expertise
|
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|
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Public Company Board Experience
|
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|
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Human Capital Management
|
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|
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Enterprise Risk Management/Information Security
|
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||||
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Mergers and Acquisitions/Capital Allocation
|
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||
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Government and Regulatory
|
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Sustainability
|
![]() |
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|||||
Strategic Skills and Experiences for Our Evolving Strategy
|
|||||||||||
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Technology
|
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|||
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Business Transformation
|
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|||
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Financial Technology
|
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Banking or Financial Services
|
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||||||
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Digital Transformation
|
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|||||
Board Tenure
|
|||||||||||
Years
|
0
|
2
|
2
|
0
|
5
|
6
|
3
|
6
|
12
|
||
Age
|
|||||||||||
Age (years old)
|
51
|
54
|
51
|
43
|
69
|
67
|
70
|
72
|
69
|
||
![]() |
Denotes relevant CEO experience
|
![]() |
2025 Proxy Statement
|
19
|
![]() |
||
Jeffrey A. Goldstein
Independent Chair
|
||
Age:
69
| Director since:
2020
Committee Chair:
Executive
|
Committee Member:
Compensation,
Corporate Governance, Nominating
and Sustainability
Other Current Public Company Boards:
1
|
|
Skills and Qualifications
|
|||||||
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Executive Leadership
|
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Global Business Experience
|
![]() |
Financial Expertise
|
||
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Public Company
Board Experience
|
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Human Capital Management
|
![]() |
Enterprise Risk Management/
Information Security
|
||
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Mergers and Acquisitions/
Capital Allocation
|
![]() |
Government and Regulatory
|
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Business Transformation
|
||
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Financial Technology
|
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Banking/Financial Services
|
||||
Other Public Company Boards (Current)
•
Bank of New York Mellon (2014 – present)
Other Public Company Boards (Former)
•
Westfield Corporation (2016 – 2018)
•
LPL Financial (2005 – 2009, 2011 – 2013)
•
Arch Capital (2006 – 2007)
|
Education
•
BA, Economics, Vassar College
•
MA, M Phil., PhD, Economics, Yale University
|
20
|
FIS Global
|
![]() |
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||
Stephanie L. Ferris
Chief Executive Officer and President
|
||
Age:
51
| Director since:
2022
Committee Chair:
None
|
Committee Member:
Executive
Other Current Public Company Boards:
None
|
|
Skills and Qualifications
|
|||||||
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Executive Leadership
|
![]() |
Global Business Experience
|
![]() |
Financial Expertise
|
||
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Public Company
Board Experience
|
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Human Capital Management
|
![]() |
Enterprise Risk Management/
Information Security
|
||
![]() |
Mergers and Acquisitions/
Capital Allocation
|
![]() |
Government and Regulatory
|
![]() |
Sustainability
|
||
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Technology
|
![]() |
Business Transformation
|
![]() |
Financial Technology
|
||
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Banking/Financial Services
|
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Digital Transformation Experience
|
||||
Other Public Company Boards (Former)
•
Lululemon Athletica Inc. (2019 – 2022)
|
Education
•
BA, Accounting, Miami University
|
![]() |
2025 Proxy Statement
|
21
|
![]() |
||
Nicole M. Anasenes
Independent Director
|
||
Age:
51
| Director since:
2024
Committee Chair:
Audit
|
Committee Member:
Executive, Risk
and Technology
Other Current Public Company Boards:
1
|
|
Skills and Qualifications
|
|||||||
![]() |
Executive Leadership
|
![]() |
Global Business Experience
|
![]() |
Financial Expertise
|
||
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Public Company
Board Experience
|
![]() |
Human Capital Management
|
![]() |
Enterprise Risk Management/
Information Security
|
||
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Mergers and Acquisitions/
Capital Allocation
|
![]() |
Sustainability
|
![]() |
Technology
|
||
![]() |
Business Transformation
|
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Digital Transformation Experience
|
||||
Other Public Company Boards (Current)
•
Motorola Solutions, Inc. (2024
– p
resent)
Other Public Company Boards (Former)
•
ANSYS, Inc. (2018 – 2020)
•
VMware, Inc. (2022 – 2023)
|
Education
•
BS, Economics, New York University – Leonard N. Stern
School of Business
•
MBA, Strategic Management, Wharton School of the
University of Pennsylvania
|
22
|
FIS Global
|
![]() |
![]() |
||
Mark D. Benjamin
Independent Director
|
||
Age:
54
| Director since:
2023
Committee Chair:
None
|
Committee Member:
Compensation, Risk
and Technology
Other Current Public Company Boards:
1
|
|
Skills and Qualifications
|
|||||||
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Executive Leadership
|
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Global Business Experience
|
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Financial Expertise
|
||
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Public Company
Board Experience
|
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Human Capital Management
|
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Mergers and Acquisitions/
Capital Allocation
|
||
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Technology
|
![]() |
Business Transformation
|
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Financial Technology
|
||
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Digital Transformation
Experience
|
||||||
Other Public Company Boards (Current)
•
PTC Corp. (2021 – present)
Other Public Company Boards (Former)
•
Nuance Communications, Inc. (2018 – 2023)
|
Education
•
BA, International Finance and Marketing, University of Miami
|
![]() |
2025 Proxy Statement
|
23
|
![]() |
||
Kourtney K. Gibson
Independent Director
|
||
Age:
43
| Director since:
2024
Committee Chair:
None
|
Committee Member:
Audit, Risk
and Technology
Other Current Public Company Boards:
1
|
|
Skills and Qualifications
|
|||||||
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Executive Leadership
|
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Global Business Experience
|
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Financial Expertise
|
||
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Public Company
Board Experience
|
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Human Capital Management
|
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Government and Regulatory
|
||
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Financial Technology
|
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Banking/Financial Services
|
||||
Other Public Company Boards (Current)
•
MarketAxess Holdings, Inc. (2020 – present)
Other Public Company Boards (Former)
•
Lululemon Athletica, Inc. (2020
–
2023)
|
Education
•
BA, International Finance, University of Miami
•
MBA, Business Administration, Management and General,
Northwestern University Kellogg School of Management
|
24
|
FIS Global
|
![]() |
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||
Lisa A. Hook
Independent Director
|
||
Age:
67
| Director since:
2019
Committee Chair:
Risk and Technology
|
Committee Member:
Audit, Executive
Other Current Public Company Boards:
2
|
|
Skills and Qualifications
|
|||||||
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Executive Leadership
|
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Global Business Experience
|
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Financial Expertise
|
||
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Public Company
Board Experience
|
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Human Capital Management
|
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Enterprise Risk Management/
Information Security
|
||
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Mergers and Acquisitions/
Capital Allocation
|
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Government and Regulatory
|
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Sustainability
|
||
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Technology
|
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Business Transformation
|
![]() |
Digital Transformation
Experience
|
||
Other Public Company Boards (Current)
•
Philip Morris International Inc. (2018 – present)
•
Nokia Corporation (2022 – present)
Other Public Company Boards (Former)
•
Ritchie Brothers Auctioneers (now known as RB Global, Inc.)
(2021 – 2023)
•
Partners Group Holdings (2020 – 2021)
•
Unisys Corporation (2019 – 2021)
•
Worldpay, Inc. (2015 – 2019, until its acquisition by FIS)
•
NeuStar, Inc. (2010 – 2019)
•
RELX plc & NV (2006 – 2016)
|
Education
•
BA, Public Policy, Duke University
•
JD, Dickinson School of Law at Pennsylvania
State University
|
![]() |
2025 Proxy Statement
|
25
|
![]() |
||
Kenneth T. Lamneck
Independent Director
|
||
Age:
70
| Director since:
2022
Committee Chair:
Corporate Governance,
Nominating and Sustainability
|
Committee Member:
Compensation,
Executive
Other Current Public Company Boards: 2
|
|
Skills and Qualifications
|
|||||||
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Executive Leadership
|
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Global Business Experience
|
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Financial Expertise
|
||
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Public Company
Board Experience
|
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Human Capital Management
|
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Enterprise Risk Management/
Information Security
|
||
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Mergers and Acquisitions/
Capital Allocation
|
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Sustainability
|
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Technology
|
||
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Business Transformation
|
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Digital Transformation Experience
|
||||
Other Public Company Boards (Current)
•
Benchmark Electronics, Inc. (2013 – present)
•
TDSynnex (2025 – present)
Other Public Company Boards (Former)
•
Insight Enterprises, Inc. (2010 – 2021)
|
Education
•
BS, United States Military Academy at West Point
•
MBA, University of Texas at El Paso
|
26
|
FIS Global
|
![]() |
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||
Gary L. Lauer
Independent Director
|
||
Age:
72
| Director since:
2019
Committee Chair:
Compensation
|
Committee Member:
Corporate Governance,
Nominating and Sustainability, Executive
Other Current Public Company Boards:
None
|
|
Skills and Qualifications
|
|||||||
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Executive Leadership
|
![]() |
Global Business Experience
|
![]() |
Financial Expertise
|
||
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Public Company
Board Experience
|
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Human Capital Management
|
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Mergers and Acquisitions/
Capital Allocation
|
||
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Government and Regulatory
|
![]() |
Technology
|
![]() |
Business Transformation
|
||
Other Public Company Boards (Former)
•
Worldpay, Inc. (2012 – 2019, until its acquisition by FIS)
•
eHealth, Inc. (1999 – 2016)
•
MetaCreations Corporation (1998 – 1999)
|
Education
•
BS, University of Southern California
|
![]() |
2025 Proxy Statement
|
27
|
![]() |
||
James B. Stallings, Jr
.
Independent Director
|
||
Age:
69
| Director since:
2013
Committee Chair:
None
|
Committee Member:
Compensation,
Corporate Governance, Nominating
and Sustainability
Other Current Public Company Boards:
1
|
|
Skills and Qualifications
|
|||||||
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Executive Leadership
|
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Global Business Experience
|
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Financial Expertise
|
||
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Public Company
Board Experience
|
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Human Capital Management
|
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Enterprise Risk Management/
Information Security
|
||
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Mergers and Acquisitions/
Capital Allocation
|
![]() |
Sustainability
|
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Technology
|
||
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Financial Technology
|
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Banking/Financial Services
|
||||
Other Public Company Boards (Current)
•
Cannae Holdings, Inc. (2018 – present)
Other Public Company Boards (Former)
•
UGI Corporation (2015 – 2023)
|
Education
•
BS, U.S. Naval Academy
|
28
|
FIS Global
|
![]() |
![]() |
2025 Proxy Statement
|
29
|
Board/committee
|
Primary areas of risk oversight
|
Board
|
Risks and exposures associated with our business strategy, financial performance,
policy matters, acquisitions and divestitures, succession planning, crisis management
and other matters that may present material risk to our financial performance, plans,
prospects or reputation, as well as risks and exposures associated with our
operational infrastructure, particularly security and reliability.
|
Audit Committee
|
Risks and exposures associated with financial matters, privacy matters, tax,
accounting, disclosure, internal control over financial reporting, internal audit, legal
and regulatory compliance, compliance with our code of business conduct and
ethics, capital availability and liquidity matters.
|
Corporate Governance,
Nominating and
Sustainability Committee
|
Risks and exposures associated with director succession planning, ESG
matters, climate risk, lobbying and political engagement, overall Board and
committee effectiveness and composition and compliance with our Corporate
Governance Guidelines.
|
Compensation
Committee
|
Risks and exposures associated with retention and succession, executive
compensation programs and arrangements and certain broad-based
compensation vehicles.
|
Risk and Technology
Committee
|
Risks and exposures associated with the Enterprise Risk Management function,
strategy and competition (including innovation and disruptive technology risk),
cybersecurity, information security, technology, business continuity, fraud, operations
and infrastructure, brand and reputation risk, geopolitical and country risk and
regulatory reports or inquiries related to enterprise risks.
|
30
|
FIS Global
|
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2025 Proxy Statement
|
31
|
32
|
FIS Global
|
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2025 Proxy Statement
|
33
|
34
|
FIS Global
|
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2025 Proxy Statement
|
35
|
36
|
FIS Global
|
![]() |
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2025 Proxy Statement
|
37
|
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![]() |
Audit
|
Compensation
|
Corporate,
Governance,
Nominating and
Sustainability
|
Risk and
Technology
|
Executive
|
Name
|
AC
|
CC
|
CGNSC
|
RTC
|
EC
|
Lee Adrean
(1)
|
![]() |
||||
Nicole M. Anasenes
|
![]() |
![]() |
![]() |
||
Mark D. Benjamin
|
![]() |
![]() |
|||
Stephanie L. Ferris
|
![]() |
||||
Kourtney K. Gibson
|
![]() |
![]() |
|||
Jeffrey A. Goldstein
(Independent Chair)
|
![]() |
![]() |
![]() |
||
Lisa A. Hook
|
![]() |
![]() |
![]() |
||
Kenneth T. Lamneck
|
![]() |
![]() |
![]() |
||
Gary L. Lauer
|
![]() |
![]() |
![]() |
||
James B. Stallings, Jr.
|
![]() |
![]() |
|||
Number of Meetings in Fiscal 2024
|
12
|
5
|
5
|
4
|
0
|
![]() |
Chair
|
AC
|
Audit Committee
|
![]() |
Member
|
CC
|
Compensation Committee
|
CGNSC
|
Corporate Governance, Nominating and Sustainability Committee
|
||
RTC
|
Risk and Technology Committee
|
||
EC
|
Executive Committee
|
38
|
FIS Global
|
![]() |
Audit Committee
|
![]() |
||||||
2024 Meetings:
12
|
2024 Attendance:
100%
|
Members: (As of April 14, 2025)
|
||||
![]() |
![]() |
![]() |
||||
Nicole M. Anasenes
(Chair)
|
Lee
Adrean
|
Kourtney K.
Gibson
|
Lisa A.
Hook
|
![]() |
2025 Proxy Statement
|
39
|
Compensation Committee
|
![]() |
||||||
2024 Meetings:
5
|
2024 Attendance:
96%
|
Members: (As of April 14, 2025)
|
||||
![]() |
![]() |
![]() |
![]() |
|||
Gary L. Lauer
(Chair)
|
Mark D.
Benjamin
|
Jeffrey A.
Goldstein
|
Kenneth T.
Lamneck
|
James B.
Stallings, Jr.
|
40
|
FIS Global
|
![]() |
Corporate Governance, Nominating and Sustainability Committee
|
![]() |
||||||
2024 Meetings: 5
|
2024 Attendance:
100%
|
Members: (As of April 14, 2025)
|
||||
![]() |
![]() |
![]() |
|
|||
Kenneth T. Lamneck
(Chair)
|
Jeffrey A.
Goldstein
|
Gary L.
Lauer
|
James B.
Stallings, Jr.
|
![]() |
2025 Proxy Statement
|
41
|
Risk and Technology Committee
|
![]() |
||||||
2024 Meetings:
4
|
2024 Attendance:
100%
|
Members: (As of April 14, 2025)
|
||||
![]() |
![]() |
![]() |
||||
Lisa A. Hook
(Chair)
|
Nicole M.
Anasenes
|
Mark D.
Benjamin
|
Kourtney K.
Gibson
|
42
|
FIS Global
|
![]() |
Executive Committee
|
![]() |
||||||||
2024 Meetings:
0
|
2024 Attendance:
Not Applicable
|
Members: (As of April 14, 2025)
|
||||||
![]() |
![]() |
![]() |
![]() |
![]() |
||||
Jeffrey A. Goldstein
(Chair)
|
Nicole M.
Anasenes
|
Stephanie L.
Ferris
|
Lisa A.
Hook
|
Kenneth T.
Lamneck
|
Gary L.
Lauer
|
Director Fees
|
Director
|
Independent Chair
|
|
Annual Board Retainers
|
$
100,000
|
$
175,000
|
|
Annual Equity Award
|
$
215,000
|
$
315,000
|
Annual Committee Fees
|
Members
|
Chair
|
||
Audit Committee
|
$
30,000
|
$
65,000
|
||
Compensation Committee
|
$
25,000
|
$
55,000
|
||
Corporate Governance, Nominating and Sustainability Committee
|
$
25,000
|
$
55,000
|
||
Risk and Technology Committee
|
$
25,000
|
$
55,000
|
![]() |
2025 Proxy Statement
|
43
|
Name
|
Fees earned or
paid in cash
($)
(1)
|
Stock
awards
($)
(2)(3)
|
All other
compensation
($)
(4)
|
Total
($)
|
Lee Adrean
(5)
|
151,254
|
214,974
|
9,511
|
375,739
|
Ellen R. Alemany
(6)
|
81,816
|
–
|
15,635
|
97,451
|
Nicole M. Anasenes
(7)
|
38,750
|
143,318
|
–
|
182,068
|
Mark
D.
Benjamin
|
137,500
|
214,974
|
9,511
|
361,985
|
Vijay D'Silva
(6)
|
66,338
|
–
|
7,400
|
73,738
|
Kourtney K. Gibson
(8)
|
25,833
|
125,424
|
–
|
151,257
|
Jeffrey
A.
Goldstein
|
225,000
|
315,006
|
–
|
540,006
|
Lisa
A.
Hook
|
185,000
|
214,974
|
–
|
399,974
|
Kenneth T. Lamneck
|
180,676
|
214,974
|
7,400
|
403,050
|
Gary L. Lauer
|
180,000
|
214,974
|
–
|
394,974
|
Louise M. Parent
(6)
|
68,549
|
–
|
26,404
|
94,953
|
Brian T. Shea
(6)
|
84,028
|
–
|
34,403
|
118,431
|
James B. Stallings, Jr.
|
150,000
|
214,974
|
7,400
|
372,374
|
44
|
FIS Global
|
2025 Proxy Statement
|
45
|
Proposal 2:
Advisory Vote on
Executive Compensation
|
We hold a non-binding advisory “say on pay” vote every year, pursuant to Section 14A of the
Exchange Act. Our executive compensation practices and processes, overseen by the
Compensation Committee of our Board, align our executives' compensation with our performance
and promote long-term value creation. At our 2024 shareholders’ meeting, this proposal received
support from 91.6% of the shares voted.
We ask our shareholders to vote in favor of the following resolution at the annual meeting:
“RESOLVED, that the Company’s shareholders approve, on an advisory basis, the compensation of
the named executive officers, as disclosed in the Company’s Proxy Statement for the 2025 Annual
Meeting of Shareholders pursuant to the compensation disclosure rules of the SEC, including the
Compensation Discussion and Analysis section, the 2024 Summary Compensation Table and the
other related tables and disclosures.”
|
46
|
FIS Global
|
![]() |
Name
|
Position with FIS
|
Age*
|
Stephanie L. Ferris
|
Chief Executive Officer and President
|
51
|
James Kehoe
|
Corporate Executive Vice President, Chief Financial Officer
|
62
|
Firdaus Bhathena
|
Chief Technology Officer
|
54
|
Alexandra Brooks
|
Executive Vice President, Chief Accounting Officer
|
54
|
Robert Toohey
|
Corporate Executive Vice President, Chief People Officer
|
57
|
Caroline Tsai
|
Corporate Executive Vice President, Chief Legal & Corporate Affairs Officer, and
Corporate Secretary
|
55
|
![]() |
2025 Proxy Statement
|
47
|
48
|
FIS Global
|
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
Stephanie L. Ferris
Chief Executive
Officer and President
|
James Kehoe
Corporate Executive
Vice President, Chief
Financial Officer
|
Firdaus Bhathena
Chief Technology
Officer
|
Caroline Tsai
Corporate Executive
Vice President, Chief
Legal & Corporate
Affairs Officer and
Corporate Secretary
|
L. Denise Williams
Former Corporate
Executive Vice
President, Chief
People Officer
|
![]() |
2025 Proxy Statement
|
49
|
50
|
FIS Global
|
![]() |
COMPLETED LANDMARK SALE OF MAJORITY
EQUITY INTEREST IN WORLDPAY
|
SIGNIFICANTLY INCREASED CAPITAL RETURN
|
||||
Delivering on three vectors of enhanced value
creation for both companies:
•
Management focus
•
Operational simplification
•
Capital allocation flexibility
|
•
Executed on over $4 billion in share repurchases
for 2024
•
Returned $800 million to shareholders via
dividends in 2024
•
Anticipate approximately $1.2 billion in share
repurchases for 2025 and increased quarterly
dividend 11% to $0.40 per share
|
||||
Total shareholder return of
37%
, ranking in the 81st percentile of the S&P 500.
|
|||||
![]() |
2025 Proxy Statement
|
51
|
![]() |
What We Do
|
![]() |
What We Do Not Do
|
||
Deliver the majority of executives’ total
![]()
compensation in the form of at-risk,
performance-based compensation
Utilize performance-based vesting requirements for
![]()
the majority of our equity awards in the form of
performance stock units
Require our executives and directors to satisfy
![]()
rigorous stock ownership guidelines
Maintain a clawback policy
![]()
Prohibit executive officers from engaging in hedging
![]()
transactions in FIS stock or pledging FIS stock
Conduct annual risk assessment of
![]()
compensation programs
Market comparison of executive compensation
![]()
against a relevant peer group
Use of an independent compensation consultant
![]()
reporting directly to the Compensation Committee
and providing no other services to the Company
Double-trigger vesting of equity awards in the event
![]()
of a change in control under our long-term
incentive plan
Annual say-on-pay vote
![]() |
Provide guaranteed short- or long-term incentives
![]()
Provide tax gross-ups of payments or perquisites,
![]()
except in the case of relocation expenses that are
generally available to all employees
Provide significant perquisites
![]()
Maintain any form of supplemental executive
![]()
retirement plan (SERP)
Reprice or exchange underwater options without
![]()
shareholder approval
Provide excessive severance benefits
![]()
Pay dividends or dividend equivalents on unearned
![]()
equity awards
Permit hedging, pledging or short sales of
![]()
our securities
|
52
|
FIS Global
|
![]() |
![]() |
2025 Proxy Statement
|
53
|
When determining the overall compensation of our named executive officers, including base salaries and
annual and long-term incentive amounts, our Compensation Committee considers a number of important
qualitative and quantitative factors, including:
|
||
54
|
FIS Global
|
![]() |
Company
|
GICS Sub-Industry
|
Revenue
(LTM)
(1)
|
Market Cap
(1)
|
||
American Express Company
|
Consumer Finance
|
$
54,379
|
$
124,448
|
||
Automatic Data Processing, Inc.
|
Human Resource and Employment Services
|
$
18,309
|
$
94,567
|
||
Block, Inc.
|
Transaction and Payment Processing Services
|
$
20,793
|
$
38,952
|
||
Broadridge Financial Solutions, Inc.
|
Data Processing and Outsourced Services
|
$
6,209
|
$
22,802
|
||
Discover Financial Services
|
Consumer Finance
|
$
10,437
|
$
23,255
|
||
DXC Technology Company
|
IT Consulting and Other Services
|
$
14,039
|
$
4,479
|
||
Fiserv, Inc.
|
Transaction and Payment Processing Services
|
$
18,807
|
$
78,390
|
||
Global Payments Inc.
|
Transaction and Payment Processing Services
|
$
9,474
|
$
30,320
|
||
Intercontinental Exchange, Inc.
|
Financial Exchanges and Data
|
$
7,555
|
$
65,158
|
||
Mastercard Incorporated
|
Transaction and Payment Processing Services
|
$
24,367
|
$
388,080
|
||
Nasdaq, Inc.
|
Financial Exchanges and Data
|
$
5,999
|
$
32,218
|
||
PayPal Holdings, Inc.
|
Transaction and Payment Processing Services
|
$
29,128
|
$
62,112
|
||
SS&C Technologies Holdings, Inc.
|
Data Processing and Outsourced Services
|
$
5,430
|
$
13,925
|
||
The Western Union Company
|
Transaction and Payment Processing Services
|
$
4,397
|
$
4,237
|
||
Visa Inc.
|
Transaction and Payment Processing Services
|
$
32,653
|
$
515,476
|
||
75
th
Percentile
|
$
22,580
|
$
86,479
|
|||
Median
|
$
14,039
|
$
38,952
|
|||
25
th
Percentile
|
$
6,882
|
$
23,029
|
|||
Fidelity National Information
Services, Inc.
|
Transaction and Payment Processing Services
|
$
14,645
|
$
34,743
|
||
Percentile Ranking
|
51%
|
46%
|
![]() |
2025 Proxy Statement
|
55
|
56
|
FIS Global
|
![]() |
Compensation component
|
Purpose of the compensation component
|
Base salary
|
Salary provides a level of assured, regularly paid, cash compensation that is designed to
be competitive and reasonable to allow us to attract and retain key executives.
|
Annual cash
incentive
|
Performance-based annual cash incentives designed to motivate our named executive
officers to achieve or exceed our in-year plan and help to attract and retain key
executives.
Performance measures and their weighting for the 2024 annual cash incentive program
were: Revenue (40%), Adjusted EBITDA (40%), Future Forward cash savings (10%), and
Net Promoter Score (10%).
|
RSUs
|
Time-based restricted stock units help to tie our named executive officers’ long-term
financial interests to the Company’s stock price performance and to the long-term
financial interests of shareholders, as well as to retain key executives through the three-
year vesting period and maintain a market-competitive position for total compensation.
|
PSUs
|
Performance stock units motivate our named executive officers to achieve results in
selected metrics that drive the Company’s financial performance and help tie our named
executive officers’ long-term financial interests to the long-term financial interests of
shareholders, as well as to retain key executives through the three-year vesting period and
maintain a market-competitive position for total compensation.
The performance measures and their relative weighting for the 2024 PSU awards were: an
Adjusted Revenue Growth metric (50%) and an Adjusted EPS Growth metric (50%). The
PSUs awarded to Ms. Ferris and Mr. Kehoe also include a total shareholder return (“TSR”)
modifier based on the Company’s relative TSR measured against the S&P 500 Index.
|
CEO 2024 TARGET*
|
AVERAGE NEO 2024 TARGET (NORMALIZED)
|
||||||
![]() |
![]() |
||||||
![]() |
Base Salary
|
![]() |
Performance-Based Cash
|
![]() |
Base Salary
|
![]() |
Performance-Based Cash
|
![]() |
Performance-Based Equity
|
![]() |
Time-Based Equity
|
![]() |
Performance-Based Equity
|
![]() |
Time-Based Equity
|
![]() |
2025 Proxy Statement
|
57
|
Named Executive Officer
|
2023 Base
Salary
|
2024 Base
Salary
|
Increase
|
|||
Stephanie L. Ferris
(1)
|
$
1,000,000
|
$
1,200,000
|
20%
|
|||
James Kehoe
|
$
975,000
|
$
975,000
|
0%
|
|||
Firdaus Bhathena
|
$
700,000
|
$
700,000
|
0%
|
|||
Caroline Tsai
(2)
|
$
630,000
|
$
700,000
|
11%
|
|||
L. Denise Williams
|
$
600,000
|
$
600,000
|
0%
|
58
|
FIS Global
|
![]() |
Named Executive Officer
|
2023 Target
Performance-based
Annual Cash Incentive
(1)
|
2024 Target
Performance-based
Annual Cash Incentive
(1)
|
Stephanie L. Ferris
|
200%
|
200%
|
James Kehoe
|
150%
|
150%
|
Firdaus Bhathena
|
130%
|
130%
|
Caroline Tsai
(2)
|
130%
|
140%
|
L. Denise Williams
|
120%
|
120%
|
![]() |
2025 Proxy Statement
|
59
|
60
|
FIS Global
|
![]() |
Performance measure
|
How calculated
|
Reason for use
|
Revenue Metric
|
Based on revenue as reported in the Annual Report
on Form 10-K, adjusted for the impact of foreign
currency exchange rates.
|
This metric is an important measure
of the growth of the Company, our
ability to satisfy our customers and
to gain new customers, and the
effectiveness of our products
and solutions.
|
EBITDA Metric
|
Total Company Adjusted EBITDA from continuing
operations as disclosed in our earnings release for
the fourth quarter of 2024 furnished to the SEC on
Form 8-K on February 11, 2025, adjusted for foreign
currency exchange rates. Adjusted EBITDA reflects
net earnings (loss) before interest, other income
(expense), taxes, equity method investment earnings
(loss), and depreciation and amortization, and
excludes certain costs that do not constitute normal,
recurring, cash operating expenses necessary to
operate our business. This measure is reported to
the chief operating decision-maker for purposes of
making decisions about allocating resources to the
segments and assessing their performance.
|
This metric reflects our operating
strength and efficiency. It also
reflects our ability to convert our
revenue into operating profits for
shareholders.
|
2024 Reported
Results
|
Foreign
Exchange
|
Acquisition,
Integration and
Other Payments
|
2024 Adjusted Results
for Annual Incentive
Program Metrics
|
|||||
Revenue
|
$
10,127
|
$
(26)
|
$
0
|
$
10,101
|
||||
Adjusted EBITDA
|
$
4,136
|
$
(7)
|
$
0
|
$
4,129
|
![]() |
2025 Proxy Statement
|
61
|
Revenue Metric
|
EBITDA Metric
|
Future Forward
Cash Savings
(1)
|
Net Promoter
Score
|
|
Performance
Goals and
Results
($ in millions)
|
![]() |
![]() |
![]() |
Balanced
scorecard
for goals
and results
|
Payout Factor
(% of Target
Payout)
|
94.8%
|
95.1%
|
140%
(1)
|
60%
|
Weight
|
40%
|
40%
|
10%
|
10%
|
Weighted Payout
|
37.9%
|
38.0%
|
14.0%
|
6.0%
|
Name
|
RSUs
|
PSUs
|
Total LTI Granted
(1)
|
||
Stephanie L. Ferris
|
$
5,250,000
|
$
9,750,000
|
$
15,000,000
|
||
James Kehoe
|
$
2,100,000
|
$
3,900,000
|
$
6,000,000
|
||
Firdaus Bhathena
|
$
1,650,000
|
$
1,650,000
|
$
3,300,000
|
||
Caroline Tsai
(2)
|
$
1,750,000
|
$
1,750,000
|
$
3,500,000
|
||
L. Denise Williams
|
$
1,500,000
|
$
1,500,000
|
$
3,000,000
|
62
|
FIS Global
|
![]() |
TSR percentile rank relative to S&P 500 Index
|
|||
< 25th percentile
|
≥ 25th percentile to < 75th
percentile
|
≥ 75th percentile
|
|
Modifier:
|
– 25%
|
No Change
|
+ 25%
|
![]() |
2025 Proxy Statement
|
63
|
TSR percentile rank relative to S&P 500 Index
|
|||
< 25th percentile
|
≥ 25th percentile to < 75th
percentile
|
≥ 75th percentile
|
|
Modifier:
|
-15%
|
No Change
|
+15%
|
64
|
FIS Global
|
![]() |
Performance measure
(1)
|
How calculated
|
Reason for use
|
Adjusted Revenue
Growth Metric
|
The year-over-year percentage increase of GAAP
Revenue as reported in the Company’s Annual Report
on Form 10-K, adjusted to eliminate the effects from
fluctuations in foreign currency exchange rates by
applying prior-period foreign currency exchange rates
to current-period revenue and to exclude revenue from
our Corporate and Other Segment.
|
Adjusted Revenue Growth is a key
metric that measures how the
Company is executing in growing its
current business and generating
new business.
|
Adjusted EPS
Growth Metric
|
The year-over-year percentage increase of Adjusted
Net Earnings per share (EPS) from continuing
operations, as reported in the Company’s quarterly
earnings. Adjusted Net Earnings excludes the effect of
purchase price amortization, as well as certain costs
that do not constitute normal, recurring, cash
operating expenses necessary to operate our
business. Adjusted EPS reflects Adjusted Net
Earnings, as defined above, divided by weighted
average diluted shares outstanding.
|
Adjusted EPS Growth is the key
profit metric that measures how the
Company is executing across all
business drivers, including revenue
growth, margin expansion and
below the line items. It is one of the
key measures used by investors to
value companies.
|
![]() |
2025 Proxy Statement
|
65
|
Adjusted Revenue Growth Metric
(50% Weight)
|
Adjusted EPS Growth Metric
(50% Weight)
|
||
Performance Goals and
Results ($ in millions)
|
![]() |
![]() |
|
Calculation
(Weight x % Earned)
|
50%
|
100%
|
66
|
FIS Global
|
![]() |
Position
|
Minimum Aggregate Stock Ownership Target
|
Chief Executive Officer and President
|
10x base salary
|
Chief Financial Officer
|
3x base salary
|
All Other Corporate Executive Officers
|
2x base salary
|
Members of the Board
|
5x annual cash retainer
|
![]() |
2025 Proxy Statement
|
67
|
68
|
FIS Global
|
![]() |
![]() |
2025 Proxy Statement
|
69
|
70
|
FIS Global
|
![]() |
Name and
Position
|
Fiscal
Year
|
Salary
($)
(1)
|
Bonus
($)
|
Stock
Awards
($)
(2)
|
Option
Awards
($)
|
Non-Equity
Incentive
Earnings
($)
(3)
|
All Other
Compensation
($)
(4)
|
Total
($)
(4)
|
Stephanie L. Ferris
Chief Executive Officer
and President
|
2024
|
1,200,000
|
–
|
17,571,281
|
–
|
2,301,600
|
170,604
|
21,243,485
|
2023
|
1,000,000
|
–
|
9,005,347
|
6,479,998
|
2,856,220
|
92,177
|
19,433,742
|
|
2022
|
783,333
|
–
|
12,922,017
|
1,999,990
|
–
|
125,524
|
15,830,864
|
|
James Kehoe
Corporate Executive
Vice President and
Chief Financial Officer
(5)
|
2024
|
975,000
|
–
|
6,312,006
|
–
|
1,402,538
|
10,350
|
8,699,894
|
2023
|
355,469
|
1,700,000
|
9,999,986
|
–
|
761,056
|
35,586
|
12,852,097
|
|
Firdaus Bhathena
Chief Technology
Officer
|
2024
|
700,000
|
–
|
3,431,975
|
–
|
872,690
|
10,350
|
5,015,015
|
Caroline Tsai
Corporate Executive
Vice President and
Chief Legal &
Corporate Affairs
Officer & Corporate
Secretary
(6)
|
2024
|
665,000
|
–
|
5,639,221
|
–
|
863,042
|
10,350
|
7,177,613
|
2023
|
630,000
|
250,000
|
2,876,455
|
1,755,008
|
1,169,622
|
10,817
|
6,691,902
|
|
2022
|
527,083
|
2,500,000
|
3,905,643
|
937,504
|
–
|
149,089
|
8,019,319
|
|
L. Denise Williams
Former Corporate
Executive Vice
President and Chief
People Officer
|
2024
|
600,000
|
–
|
3,691,943
|
–
|
690,480
|
2,664,314
|
7,646,737
|
2023
|
587,500
|
–
|
2,876,455
|
1,755,008
|
1,006,993
|
9,900
|
6,235,856
|
|
2022
|
556,250
|
800,000
|
4,064,680
|
562,494
|
–
|
9,867
|
5,993,291
|
![]() |
2025 Proxy Statement
|
71
|
(a) Name
|
(b) Grant
Date/Plan
(1)
|
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards
(2)
|
Estimated Future Payouts Under
Equity Incentive Plan Awards
(3)
|
(i) All Other
Stock
Awards:
Number of
Securities
Underlying
Stock Units
(#)
(4)
|
(m) Grant
Date Fair
Value of
Stock and
Option
Awards
($)
(5)
|
||||||
(c)
Threshold
($)
|
(d)
Target
($)
|
(e)
Maximum
($)
|
(f)
Threshold
(#)
|
(g)
Target
(#)
|
(h)
Maximum
(#)
|
||||||
Stephanie
L. Ferris
|
03/08/2024
|
–
|
–
|
–
|
–
|
140,998
|
352,495
|
–
|
10,530,013
|
||
03/08/2024
|
–
|
–
|
–
|
–
|
–
|
–
|
75,922
|
5,250,006
|
|||
03/08/2024
|
(6)
|
–
|
–
|
–
|
–
|
25,904
|
59,579
|
–
|
1,791,262
|
||
Annual
Incentive
|
120,000
|
2,400,000
|
4,800,000
|
–
|
–
|
–
|
–
|
–
|
|||
James
Kehoe
|
03/08/2024
|
–
|
–
|
–
|
–
|
56,399
|
140,998
|
–
|
4,211,990
|
||
03/08/2024
|
–
|
–
|
–
|
–
|
–
|
–
|
30,369
|
2,100,016
|
|||
Annual
Incentive
|
73,125
|
1,462,500
|
2,925,000
|
–
|
–
|
–
|
–
|
–
|
|||
Firdaus
Bhathena
|
03/08/2024
|
–
|
–
|
–
|
–
|
23,861
|
47,722
|
–
|
1,781,987
|
||
03/08/2024
|
–
|
–
|
–
|
–
|
–
|
–
|
23,861
|
1,649,988
|
|||
Annual
Incentive
|
45,500
|
910,000
|
1,820,000
|
–
|
–
|
–
|
–
|
–
|
|||
Caroline
Tsai
(6)
|
03/08/2024
|
–
|
–
|
–
|
–
|
25,307
|
50,614
|
–
|
1,889,977
|
||
03/08/2024
|
–
|
–
|
–
|
–
|
–
|
–
|
25,307
|
1,749,979
|
|||
03/08/2024
|
–
|
–
|
–
|
–
|
–
|
–
|
21,692
|
1,500,002
|
|||
03/08/2024
|
(6)
|
–
|
–
|
–
|
–
|
7,220
|
16,606
|
–
|
499,263
|
||
Annual
Incentive
|
44,997
|
899,940
|
1,799,880
|
–
|
–
|
–
|
–
|
–
|
|||
L. Denise
Williams
|
03/08/2024
|
–
|
–
|
–
|
–
|
21,692
|
43,384
|
–
|
1,620,002
|
||
03/08/2024
|
–
|
–
|
–
|
–
|
–
|
–
|
21,692
|
1,500,002
|
|||
03/08/2024
|
(6)
|
–
|
–
|
–
|
–
|
8,271
|
19,023
|
–
|
571,940
|
||
Annual
Incentive
|
36,000
|
720,000
|
1,440,000
|
–
|
–
|
–
|
–
|
–
|
72
|
FIS Global
|
![]() |
![]() |
2025 Proxy Statement
|
73
|
74
|
FIS Global
|
![]() |
(a) Name
|
Grant Date
|
Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable
|
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
(1)
|
Option
Exercise
Price
($)
|
Option
Expiration
Date
|
Number of
Shares or
Units of
Stock That
Have Not
Vested(#)
(2)
|
Value of
Time-based
Awards($)
(3)
|
Equity
Incentive
Plan Awards;
Number of
Unearned
Shares, Units
or Other
Rights That
Have Not
Vested
(#)
(4)
|
Equity
Incentive
Plan Awards;
Market or
Payout Value
of Unearned
Shares, Units
or Other
Rights that
Have Not
Vested or
distributed
($)
(7)
|
|||
Stephanie
L. Ferris
|
09/03/2021
|
58,230
|
–
|
125.39
|
09/03/2028
|
–
|
–
|
–
|
–
|
|||
02/28/2022
|
64,040
|
32,021
|
95.23
|
02/28/2029
|
68,998
|
5,572,968
|
–
|
–
|
||||
02/28/2023
|
49,689
|
99,379
|
72.88
|
02/28/2030
|
44,185
|
3,568,822
|
68,171
|
(5)
|
5,506,172
|
|||
02/28/2023
|
55,512
|
111,026
|
79.21
|
02/28/2030
|
–
|
–
|
–
|
–
|
||||
02/28/2023
|
58,584
|
117,169
|
82.38
|
02/28/2030
|
–
|
–
|
–
|
–
|
||||
03/08/2024
|
–
|
–
|
–
|
–
|
146,421
|
11,826,424
|
187,998
|
(6)
|
15,184,598
|
|||
James
Kehoe
|
08/24/2023
|
–
|
–
|
–
|
–
|
90,449
|
7,305,566
|
–
|
–
|
|||
03/08/2024
|
–
|
–
|
–
|
–
|
58,568
|
4,730,537
|
75,200
|
(6)
|
6,073,904
|
|||
03/08/2024
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
–
|
||||
Firdaus
Bhathena
|
05/24/2023
|
13,503
|
27,007
|
72.88
|
05/24/2030
|
13,802
|
1,114,788
|
15,379
|
(5)
|
1,242,162
|
||
05/24/2023
|
15,196
|
30,394
|
79.21
|
05/24/2030
|
–
|
–
|
–
|
–
|
||||
05/24/2023
|
16,103
|
32,208
|
82.38
|
05/24/2030
|
–
|
–
|
–
|
–
|
||||
03/08/2024
|
–
|
–
|
–
|
–
|
35,791
|
2,890,839
|
31,816
|
(6)
|
2,569,778
|
|||
Caroline
Tsai
|
02/28/2022
|
30,019
|
15,010
|
95.23
|
02/28/2029
|
20,297
|
1,639,389
|
–
|
–
|
|||
02/28/2023
|
13,457
|
26,916
|
72.88
|
02/28/2030
|
16,570
|
1,338,359
|
18,463
|
(5)
|
1,491,257
|
|||
02/28/2023
|
15,034
|
30,070
|
79.21
|
02/28/2030
|
–
|
–
|
–
|
–
|
||||
02/28/2023
|
15,866
|
31,734
|
82.38
|
02/28/2030
|
–
|
–
|
–
|
–
|
||||
03/08/2024
|
–
|
–
|
–
|
–
|
59,652
|
4,818,092
|
33,744
|
(6)
|
2,725,503
|
|||
L. Denise
Williams
|
03/29/2018
|
12,484
|
–
|
96.30
|
03/29/2025
|
–
|
–
|
–
|
–
|
|||
03/29/2019
|
11,725
|
–
|
113.10
|
03/29/2026
|
–
|
–
|
–
|
–
|
||||
03/29/2020
|
1,304
|
–
|
120.10
|
03/29/2027
|
–
|
–
|
–
|
–
|
||||
03/29/2020
|
13,039
|
–
|
120.10
|
03/29/2027
|
–
|
–
|
–
|
–
|
||||
03/29/2021
|
14,983
|
–
|
143.97
|
03/29/2028
|
–
|
–
|
–
|
–
|
||||
03/29/2021
|
4,623
|
–
|
143.97
|
03/29/2028
|
–
|
–
|
–
|
–
|
||||
02/28/2022
|
18,011
|
9,006
|
95.23
|
02/28/2029
|
21,816
|
1,762,078
|
–
|
–
|
||||
02/28/2023
|
13,457
|
26,916
|
72.88
|
02/28/2030
|
16,570
|
1,338,359
|
18,463
|
(5)
|
1,491,257
|
|||
02/28/2023
|
15,034
|
30,070
|
79.21
|
02/28/2030
|
–
|
–
|
–
|
–
|
||||
02/28/2023
|
15,866
|
31,734
|
82.38
|
02/28/2030
|
–
|
–
|
–
|
–
|
||||
03/08/2024
|
32,537
|
2,628,013
|
28,924
|
(6)
|
2,336,191
|
![]() |
2025 Proxy Statement
|
75
|
Option Awards
|
Stock
Awards
|
||||
Name
|
Number
of
Shares
Acquired
on
Exercise
(#)
|
Value
Realized
on
Exercise
($)
|
Number
of
Shares
Acquired
on
Vesting
(#)
|
Value
Realized
on
Vesting
($)
|
|
Stephanie L. Ferris
|
–
|
–
|
55,095
|
4,118,504
|
|
James Kehoe
|
–
|
–
|
90,448
|
7,118,258
|
|
Firdaus Bhathena
|
–
|
–
|
19,896
|
1,445,362
|
|
Caroline Tsai
|
–
|
–
|
10,909
|
730,396
|
|
L. Denise Williams
|
–
|
–
|
16,847
|
1,178,552
|
Name
|
Plan
|
Executive
Contributions
in
Last
FY
($)
|
Registrant
Contributions
in
Last FY
($)
|
Aggregate
Earnings
(Losses)
in
Last FY
($)
(
1
)
|
Aggregate
Withdrawals
/
Distributions
($)
|
Aggregate
Balance
at
Last FYE
($)
|
Stephanie L. Ferris
|
–
|
–
|
–
|
–
|
–
|
–
|
James Kehoe
|
–
|
–
|
–
|
–
|
–
|
–
|
Firdaus Bhathena
|
–
|
–
|
–
|
–
|
–
|
–
|
Caroline Tsai
|
–
|
–
|
–
|
–
|
–
|
–
|
L. Denise Williams
|
Deferred
Compensation
Plan
|
–
|
–
|
24,757
|
–
|
260,311
|
76
|
FIS Global
|
![]() |
![]() |
2025 Proxy Statement
|
77
|
78
|
FIS Global
|
![]() |
![]() |
2025 Proxy Statement
|
79
|
Exception/Protections
|
Severance benefits under the agreements and the Severance Plan are conditioned upon the executive’s execution of a
full release of FIS and related parties, thus limiting our exposure to lawsuits from the executive;
|
During the executive’s employment with us and in the one-year period following termination of employment, the
executive is prohibited from competing with us and from soliciting our customers, suppliers or employees on behalf of a
competitor; and
|
During employment and at all times thereafter the executive shall maintain the confidentiality of our confidential
information and trade secrets.
|
80
|
FIS Global
|
![]() |
Name
|
Stephanie L. Ferris
(1)
|
James Kehoe
|
Firdaus Bhathena
|
Caroline Tsai
|
||||
Payment
|
$
9,560,620
|
$
6,324,576
|
$
2,496,992
|
$
4,270,081
|
Name
|
Stephanie L. Ferris
|
James Kehoe
|
Firdaus Bhathena
|
Caroline Tsai
|
L. Denise Williams
|
||||
Payment upon death
|
$
2,400,000
|
$
1,462,500
|
$–
|
$
980,000
|
$
720,000
|
||||
Payment upon disability
|
$
3,373,077
|
$
3,046,875
|
$–
|
$
1,751,795
|
$
770,000
|
Name
|
Stephanie L. Ferris
|
James Kehoe
|
Firdaus Bhathena
|
Caroline Tsai
|
||||
Estimated Value
|
$
957,301
|
$–
|
$
260,500
|
$
259,276
|
Name
|
Stephanie L. Ferris
|
James Kehoe
|
Firdaus Bhathena
|
Caroline Tsai
|
||||
Estimated Value
|
$
41,658,985
|
$
18,110,047
|
$
7,817,567
|
$
12,012,599
|
![]() |
2025 Proxy Statement
|
81
|
82
|
FIS Global
|
![]() |
Value of Initial Fixed
$100
Investment Based on:
|
||||||||||||||||||||
Year
|
Summary
Compensation
Table Total for
PEO#1(b)(1)
(1)
|
Summary
Compensation
Table Total
for
PEO#2(b)(2)
(2)
|
Compensation
Actually Paid
to
PEO#1(c)(1)
(3)
|
Compensation
Actually Paid
to
PEO#2(c)(2)
(4)
|
Average
Summary
Compensation
Table Total for
Non-PEO NEOs
(d)
|
Average
Compensation
Actually
Paid to
Non-PEO
NEOs
(e)
(10)
|
Total
Shareholder
Return
(f)
(11)
|
Peer Group
Total
Shareholder
Return(g)
(12)
|
Net Income
(in millions)(h)
(13)
|
Revenue
Metric Used
for
Annual
Incentive
Program
(in millions)
(i)
(14)
|
||||||||||
2024
(5)
|
n/a
|
$
|
n/a
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
||||||||||
2023
(6)
|
n/a
|
$
|
n/a
|
$
|
$
|
$
|
$
|
$
|
$
(
|
$
|
||||||||||
2022
(7)
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
$
|
$
(
|
$
|
||||||||||
2021
(8)
|
$
|
n/a
|
$
(
|
n/a
|
$
|
$
|
$
|
$
|
$
|
$
|
||||||||||
2020
(9)
|
$
|
n/a
|
$
|
n/a
|
$
|
$
|
$
|
$
|
$
|
$
|
![]() |
2025 Proxy Statement
|
83
|
Year
|
2020
|
2021
|
2022
|
2022
|
2023
|
2024
|
PEO
|
Gary A.
Norcross
|
Gary A.
Norcross
|
Gary A.
Norcross
|
Stephanie
L. Ferris
|
Stephanie
L. Ferris
|
Stephanie
L. Ferris
|
Summary Compensation Table (SCT) Total ($)
|
|
|
|
|
|
|
Deduct: Amounts Reported under the “Stock
Awards” Column in the SCT ($)
|
(
|
(
|
(
|
(
|
(
|
(
|
Deduct: Amounts Reported under the “Option
Awards” Column in the SCT ($)
|
(
|
(
|
|
(
|
(
|
|
Increase: Fair Value of Awards Granted during
the year that remain Outstanding and Unvested
as of year-end ($)
|
|
|
|
|
|
|
Increase: Fair Value of Awards Granted during
the year that Vested during the year ($)
|
|
|
|
|
|
|
Increase/deduct: Change in Fair Value from
prior Year-end to current Year-end of Awards
Granted Prior to year that were Outstanding
and Unvested as of year-end ($)
(a)
|
|
(
|
|
(
|
(
|
|
Increase/deduct: Change in Fair Value from
Prior Year-end to Vesting Date of Awards
Granted Prior to year that Vested during year ($)
|
(
|
|
(
|
|
(
|
|
Deduct: Fair Value of Awards Granted Prior to
year that were Forfeited during year ($)
|
(
|
(
|
(
|
(
|
(
|
|
Compensation Actually Paid ($)
|
|
(
|
|
|
|
|
84
|
FIS Global
|
![]() |
Year
Non-PEO NEO
|
2020
Average
|
2021
Average
|
2022
Average
|
2023
Average
|
2024
Average
|
(9)
|
(8)
|
(7)
|
(6)
|
(5)
|
|
SCT Total ($)
|
|
|
|
|
|
Deduct: Amounts Reported under the “Stock Awards” Column
in SCT Total ($)
|
(
|
(
|
(
|
(
|
(
|
Deduct: Amounts Reported under the “Option Awards” Column
in SCT Total ($)
|
(
|
(
|
(
|
(
|
|
Increase: Fair Value of Awards Granted during the year that
remain Outstanding and Unvested as of year-end ($)
|
|
|
|
|
|
Increase: Fair Value of Awards Granted during the year that
Vested during year ($)
|
|
|
|
|
|
Increase/deduct: Change in Fair Value from prior Year-end to
current Year-end of Awards Granted Prior to year that were
Outstanding and Unvested as of year-end ($)
(a)
|
|
(
|
(
|
(
|
|
Increase/deduct: Change in Fair Value from Prior Year-end to
Vesting Date of Awards Granted Prior to year that Vested
during year ($)
|
|
(
|
(
|
(
|
|
Deduct: Fair Value of Awards Granted Prior to year that were
Forfeited during year ($)
|
(
|
(
|
(
|
(
|
|
Compensation Actually Paid ($)
|
|
|
|
|
|
![]() |
2025 Proxy Statement
|
85
|
![]() |
PEO #1
|
![]() |
PEO #2
|
![]() |
Avg. NEO
|
![]() |
FIS TSR
|
![]() |
Peer TSR
|
![]() |
PEO #1
|
![]() |
PEO #2
|
![]() |
Avg. NEO
|
![]() |
Net Income
|
86
|
FIS Global
|
![]() |
![]() |
PEO #1
|
![]() |
PEO #2
|
![]() |
Avg. NEO
|
![]() |
FIS Revenue
Metric used for
Annual Incentive
Program
|
88
|
FIS Global
|
2025 Proxy Statement
|
89
|
Proposal 3:
Ratification of
Independent Registered
Public Accounting Firm
|
90
|
FIS Global
|
![]() |
2024
|
2023
|
||
Audit Fees
(1)
|
$
12,253,934
|
$
21,535,579
|
|
Audit-Related Fees
(2)
|
$
315,351
|
$
268,521
|
|
Tax Fees
(3)
|
$
1,870,201
|
$
471,522
|
|
All Other Fees
(4)
|
$
475,002
|
$
288,455
|
![]() |
2025 Proxy Statement
|
91
|
92
|
FIS Global
|
![]() |
Name
|
Number of shares
beneficially owned
|
Percent of class
|
The Vanguard Group
(1)
|
69,379,555
|
13.2%
|
BlackRock, Inc.
(2)
|
38,938,367
|
7.4%
|
Dodge & Cox
(3)
|
34,327,527
|
6.5%
|
JPMorgan Chase & Co
(4)
|
32,398,506
|
6.2%
|
Capital Research Global Investors
(5)
|
28,350,357
|
5.4%
|
![]() |
2025 Proxy Statement
|
93
|
Name
|
Number of
shares owned
(1)
|
Number of
options
(2)
|
Total
|
Percent of
total
outstanding
|
Lee Adrean
|
18,449
|
–
|
18,449
|
*
|
Nicole M. Anasenes
|
–
|
–
|
–
|
*
|
Mark D. Benjamin
|
7,695
|
–
|
7,695
|
*
|
Firdaus Bhathena
|
23,652
|
89,606
|
113,258
|
*
|
Stephanie L. Ferris
|
192,952
|
481,862
|
674,814
|
*
|
Kourtney K. Gibson
|
–
|
–
|
–
|
*
|
Jeffrey A. Goldstein
|
11,098
|
–
|
11,098
|
*
|
Lisa A. Hook
|
7,897
|
–
|
7,897
|
*
|
James Kehoe
|
62,960
|
–
|
62,960
|
*
|
Kenneth T. Lamneck
(3)
|
11,614
|
–
|
11,614
|
*
|
Gary L. Lauer
|
14,515
|
–
|
14,515
|
*
|
James B. Stallings Jr.
|
24,411
|
–
|
24,411
|
*
|
Caroline Tsai
|
39,097
|
133,746
|
172,843
|
*
|
L. Denise Williams
(4)
|
32,199
|
161,408
|
193,607
|
*
|
Directors and Officers (15 persons)
(5)
|
414,340
|
705,214
|
1,119,554
|
*
|
94
|
FIS Global
|
![]() |
Plan category
|
Number of securities to
be issued upon exercise
of outstanding options,
warrants and rights
(1)
|
Weighted-average
exercise price of
outstanding options,
warrants and rights
(2)
|
Number of securities remaining
available for future issuance under
equity compensation plans (excluding
securities reflected in first column)
(3)
|
||
Equity compensation plans
approved by security holders
|
10,124,336
|
$
108.54
|
24,009,509
|
||
Equity compensation plan not
approved by security holders
|
2,610,307
|
(4)
|
$
114.10
|
–
|
|
Total
|
12,734,643
|
$
110.18
|
24,009,509
|
![]() |
2025 Proxy Statement
|
95
|
96
|
FIS Global
|
![]() |
![]() |
2025 Proxy Statement
|
97
|
98
|
FIS Global
|
![]() |
![]() |
2025 Proxy Statement
|
99
|
100
|
FIS Global
|
![]() |
![]() |
2025 Proxy Statement
|
101
|
102
|
FIS Global
|
![]() |
![]() |
2025 Proxy Statement
|
103
|
Year Ended
December 31, 2024
|
Year Ended
December 31, 2023
|
||||||||||
($ in Millions)
|
Revenue
|
Foreign
Currency
Exchange
Rate
Fluctuations
|
Constant
Currency
Revenue
|
Revenue
|
Adjusted
Growth
(1)
|
||||||
Consolidated FIS
|
$
10,127
|
$
(1)
|
$
10,125
|
$
9,831
|
|||||||
Corporate and Other
|
256
|
4
|
260
|
322
|
|||||||
Adjusted Revenue
|
$
9,871
|
$
(5)
|
$
9,865
|
$
9,509
|
4%
|
Years Ended December 31,
|
|||
($ in Millions)
|
2024
|
2023
|
|
Net earnings (loss) attributable to FIS from continuing operations
|
$
787
|
$
502
|
|
Provision (benefit) for income taxes
|
362
|
157
|
|
Interest expense, net
|
250
|
621
|
|
Equity method investment (earnings) loss, net of taxes
|
145
|
–
|
|
Other, net
|
165
|
167
|
|
Operating income (loss), as reported
|
1,709
|
1,447
|
|
Depreciation and amortization, net of purchase accounting amortization
|
1,062
|
1,047
|
|
Non-GAAP adjustments:
|
|||
Purchase accounting amortization
(1)
|
675
|
696
|
|
Acquisition, integration and other costs
(2)
|
624
|
482
|
|
Asset impairments
(3)
|
52
|
113
|
|
Indirect Worldpay business support costs
(4)
|
14
|
167
|
|
Adjusted EBITDA from continuing operations
|
$
4,136
|
$
3,952
|
|
Revenue
|
$
10,127
|
$
9,831
|
|
Adjusted EBITDA
|
$
4,136
|
$
3,952
|
|
Adjusted EBITDA Margin
|
40.84%
|
40.20%
|
104
|
FIS Global
|
![]() |
Years Ended December 31,
|
|||||
($ in Millions)
|
2024
|
2023
|
|||
Acquisition and integration
|
$
88
|
$
48
|
|||
Enterprise transformation, including Future Forward and platform modernization
|
262
|
312
|
|||
Severance and other termination expenses
|
56
|
70
|
|||
Separation of the Worldpay Merchant Solutions business
|
148
|
17
|
|||
Incremental stock compensation directly attributable to specific programs
|
58
|
15
|
|||
Other, including divestiture-related expenses and enterprise cost control and
other initiatives
|
12
|
20
|
|||
Total
|
$
624
|
$
482
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
---|
DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
---|
No information found
Customers
No Suppliers Found
Price
Yield
Owner | Position | Direct Shares | Indirect Shares |
---|