Form 10-K
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.
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.Read in the reply ↗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.
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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.
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