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FISFidelity National Information Services

Financials · Business Services · NYSE
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SEC comment letters, last 20 years

1 review of FIS's filings by SEC staff

UPLOAD and CORRESP
ReviewsRead ↓
1
latest letter 2020-12-30
Questions asked
1
each answered in the company's own letter
No closing letter
0
reviews without a letter saying the staff completed it

When the SEC's staff reviews a filing, it writes to the company with numbered questions, and the company answers each one in a letter. SEC publishes the exchange once the review is over, at least 20 business days later. A question is not an accusation; most reviews end with the company adding detail to its next filing.

Form 10-K

2020-12-30 to 2021-01-26 · 1 question · 1 letter from the SEC, 1 from the company
Review closed 2021-01-26
Executive pay
Executive Compensation, page 101
SEC asked
We note that adjusted earnings per share and total shareholder return are used to set your performance-based cash incentives and performance-based equity incentives, respectively. We also note disclosure in your Form 10-K related to common stock repurchases that occurred from 2017 to 2019.
Rest of the question

In future filings, please discuss if and how the share repurchases affected the manner in which the Compensation Committee set the relevant targets used in your compensation plan and determined whether such targets were met.

FIS answered
On behalf of Fidelity National Information Services, Inc. (“FIS,” “we” or the “Company”), we hereby submit the following response to the comment letter dated December 30, 2020, from the Staff (the “Staff”) of the Securities and Exchange Commission relating to your review of the Form 10-K of FIS for the fiscal year ended December 31, 2019 filed on February 20, 2020.
Rest of the answer

To assist your review, we have retyped the text of those comment below.

Form 10-K, Filed February 20, 2020

We note that adjusted earnings per share and total shareholder return are used to set your performance-based cash incentives and performance-based equity incentives, respectively. We also note disclosure in your Form 10-K related to common stock repurchases that occurred from 2017 to 2019. In future filings, please discuss if and how the share repurchases affected the manner in which the Compensation Committee set the relevant targets used in your compensation plan and determined whether such targets were met.

The Company acknowledges the Staff’s comment. In future filings, we will discuss if and how share repurchases affect the manner in which the relevant targets in our compensation plan are set by our Compensation Committee and their determination of whether such targets were met.

*****************

Please let us know any further comments at the Staff’s earliest convenience. If you have any questions regarding this letter, please contact me at your convenience at woody.woodall@fisglobal.com or 904.438.6735.

Read in the reply ↗
In its next report

First report after the company's reply of 2021-01-05: 10-K filed 2021-02-18 ↗, against the 10-K filed 2020-02-20 ↗.

Tickdelta does not hold the text of both reports, so they are not compared here.

Also in this review: closing letter, 2021-01-26

Other letters

Letters without questions

UPLOAD and CORRESP
2 other letters: notices that a filing will not be reviewed, requests to declare a registration effective, and the like

From the SEC's correspondence on EDGAR: staff letters (form UPLOAD) and company letters (form CORRESP), 22 letters filed since 2018-09-12. Questions and answers are matched by their numbers; topics come from words in each question. The reports are compared word for word (same form, before the first SEC letter against the first report after the company's reply). No AI.

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