The company said it entered into a Second Amendment to Employment Agreement with Erik D. Hoag on February 19, 2024, under which he will manage the separation of the Worldpay business and the company's continuing relationship with it from January 1, 2024 through June 30, 2025. He was appointed Chief Integration Officer effective February 20, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Feb 23, 2024Period of report Feb 19, 2024Summary published (UTC) Oct 31, 2026

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The company said it entered into a Second Amendment to Employment Agreement with Erik D. Hoag on February 19, 2024, under which he will manage the separation of the Worldpay business and the company's continuing relationship with it from January 1, 2024 through June 30, 2025. He was appointed Chief Integration Officer effective February 20, 2024.
Fidelity National Information Services said it will pay Erik D. Hoag an annual base salary of $600,000 during the Transition Service Period and make him eligible for a performance-based annual cash incentive with a target of 125% of his base salary. He will also remain eligible for future equity grants under the FIS 2022 Omnibus Incentive Plan.
The company said Ido Gileadi will provide advisory services to FIS LLC from March 1, 2024 through December 31, 2024, receiving a monthly fixed fee of $49,000 based on an average of 18 days of service per month and a one-time payment of $1,500,000 in March 2024.
The company said that if neither party gives notice of termination before September 30, 2024, Ido Gileadi will receive an additional one-time payment of $1,500,000 in January 2025. If either party gives notice of termination, he will instead receive $500,000, pro-rated for the number of full calendar months worked. The advisory work includes supporting technology procurement for the Worldpay divestiture.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

FIS Extends Erik Hoag Transition Period and Names Him Chief Integration Officer

The company said it entered into a Second Amendment to Employment Agreement with Erik D. Hoag on February 19, 2024, under which he will manage the separation of the Worldpay business and the company's continuing relationship with it from January 1, 2024 through June 30, 2025. He was appointed Chief Integration Officer effective February 20, 2024.

Source · Based on the filing body and exhibits

Erik Hoag Compensation Terms During Transition Period

Fidelity National Information Services said it will pay Erik D. Hoag an annual base salary of $600,000 during the Transition Service Period and make him eligible for a performance-based annual cash incentive with a target of 125% of his base salary. He will also remain eligible for future equity grants under the FIS 2022 Omnibus Incentive Plan.

Source · Based on the filing body and exhibits

Ido Gileadi Consulting Agreement Compensation Terms

The company said Ido Gileadi will provide advisory services to FIS LLC from March 1, 2024 through December 31, 2024, receiving a monthly fixed fee of $49,000 based on an average of 18 days of service per month and a one-time payment of $1,500,000 in March 2024.

Source · Based on the filing body and exhibits

Ido Gileadi Additional Payment Conditions and Scope of Advisory Work

The company said that if neither party gives notice of termination before September 30, 2024, Ido Gileadi will receive an additional one-time payment of $1,500,000 in January 2025. If either party gives notice of termination, he will instead receive $500,000, pro-rated for the number of full calendar months worked. The advisory work includes supporting technology procurement for the Worldpay divestiture.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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