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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13D |
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Under the Securities Exchange Act
of 1934*
FIDELITY NATIONAL INFORMATION SERVICES, INC.
(Name of Issuer)
Common Stock, $0.01 Par Value
(Title of Class of Securities)
31620M106
(CUSIP Number)
Scott A. Arenare, Esq.
Managing Director and General Counsel
Warburg Pincus LLC
450 Lexington Avenue
New York, New York 10017
(212) 878-0600
(Name, Address and
Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Steven J. Gartner, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019-6099
(212) 728-8000
October 1, 2009
(Date of Event Which
Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13D
CUSIP No. 31620M106 |
Page 2 of 19 pages |
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1 |
Names of Reporting Persons |
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3 |
SEC Use Only |
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4 |
Source of Funds (See
Instructions) |
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5 |
Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) o |
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6 |
Citizenship or Place of Organization |
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Number of |
7 |
Sole Voting Power |
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8 |
Shared Voting Power |
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9 |
Sole Dispositive Power |
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10 |
Shared Dispositive Power |
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11 |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13 |
Percent of Class
Represented by Amount in Row (11) |
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14 |
Type of Reporting Person
(See Instructions) |
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* Calculated assuming 372,659,755 shares of common stock outstanding as of October 1, 2009, which was calculated based on the sum of (a) 208,573,461 shares of Fidelity National Information Services, Inc. ("FIS") common stock outstanding on October 1, 2009 excluding treasury shares and any shares issued in the merger of Metavante Technologies, Inc. ("Metavante") with and into Cars Holdings, LLC, a wholly owned subsidiary of FIS (the "Merger"), and (b) assuming 164,086,294 shares of FIS common stock are issued in connection with the Merger in exchange for 121,545,403 shares of Metavante common stock outstanding on October 1, 2009. The foregoing computations were calculated based on information furnished by representatives of FIS to the Reporting Persons on October 8, 2009. In addition, each of the Reporting Persons may also be deemed to beneficially own additional shares by virtue of a purchase right which may be exercised from time to time by WPM, L.P. under a Stock Purchase Right Agreement (the "SPR Agreement") among WPM, L.P., FIS and Metavante, as further described herein. The shares that WPM, L.P. may purchase from time to time under the SPR Agreement are not included in the figures in the table above.
2
SCHEDULE 13D
CUSIP No. 31620M106 |
Page 3 of 19 pages |
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1 |
Names of Reporting Persons |
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3 |
SEC Use Only |
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4 |
Source of Funds (See
Instructions) |
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5 |
Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) o |
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6 |
Citizenship or Place of Organization |
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Number of |
7 |
Sole Voting Power |
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8 |
Shared Voting Power |
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9 |
Sole Dispositive Power |
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10 |
Shared Dispositive Power |
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11 |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13 |
Percent of Class
Represented by Amount in Row (11) |
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14 |
Type of Reporting Person
(See Instructions) |
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* Calculated assuming 372,659,755 shares of common stock outstanding as of October 1, 2009, which was calculated based on the sum of (a) 208,573,461 shares of FIS common stock outstanding on October 1, 2009 excluding treasury shares and any shares issued in the Merger, and (b) assuming 164,086,294 shares of FIS common stock are issued in connection with the Merger in exchange for 121,545,403 shares of Metavante common stock outstanding on October 1, 2009. The foregoing computations were calculated based on information furnished by representatives of FIS to the Reporting Persons on October 8, 2009. In addition, each of the Reporting Persons may also be deemed to beneficially own additional shares by virtue of a purchase right which may be exercised from time to time by WPM, L.P. under the SPR Agreement among WPM, L.P., FIS and Metavante, as further described herein. The shares that WPM, L.P. may purchase from time to time under the SPR Agreement are not included in the figures in the table above.
3
SCHEDULE 13D
CUSIP No. 31620M106 |
Page 4 of 19 pages |
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1 |
Names of Reporting Persons |
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3 |
SEC Use Only |
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4 |
Source of Funds (See
Instructions) |
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5 |
Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) o |
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6 |
Citizenship or Place of Organization |
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Number of |
7 |
Sole Voting Power |
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8 |
Shared Voting Power |
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9 |
Sole Dispositive Power |
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10 |
Shared Dispositive Power |
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11 |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13 |
Percent of Class
Represented by Amount in Row (11) |
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14 |
Type of Reporting Person
(See Instructions) |
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* Calculated assuming 372,659,755 shares of common stock outstanding as of October 1, 2009, which was calculated based on the sum of (a) 208,573,461 shares of FIS common stock outstanding on October 1, 2009 excluding treasury shares and any shares issued in the Merger, and (b) assuming 164,086,294 shares of FIS common stock are issued in connection with the Merger in exchange for 121,545,403 shares of Metavante common stock outstanding on October 1, 2009. The foregoing computations were calculated based on information furnished by representatives of FIS to the Reporting Persons on October 8, 2009. In addition, each of the Reporting Persons may also be deemed to beneficially own additional shares by virtue of a purchase right which may be exercised from time to time by WPM, L.P. under the SPR Agreement among WPM, L.P., FIS and Metavante, as further described herein. The shares that WPM, L.P. may purchase from time to time under the SPR Agreement are not included in the figures in the table above.
4
SCHEDULE 13D
CUSIP No. 31620M106 |
Page 5 of 19 pages |
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1 |
Names of Reporting Persons |
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3 |
SEC Use Only |
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4 |
Source of Funds (See
Instructions) |
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5 |
Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) o |
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6 |
Citizenship or Place of Organization |
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Number of |
7 |
Sole Voting Power |
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8 |
Shared Voting Power |
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9 |
Sole Dispositive Power |
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10 |
Shared Dispositive Power |
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11 |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13 |
Percent of Class
Represented by Amount in Row (11) |
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14 |
Type of Reporting Person
(See Instructions) |
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* Calculated assuming 372,659,755 shares of common stock outstanding as of October 1, 2009, which was calculated based on the sum of (a) 208,573,461 shares of FIS common stock outstanding on October 1, 2009 excluding treasury shares and any shares issued in the Merger, and (b) assuming 164,086,294 shares of FIS common stock are issued in connection with the Merger in exchange for 121,545,403 shares of Metavante common stock outstanding on October 1, 2009. The foregoing computations were calculated based on information furnished by representatives of FIS to the Reporting Persons on October 8, 2009. In addition, each of the Reporting Persons may also be deemed to beneficially own additional shares by virtue of a purchase right which may be exercised from time to time by WPM, L.P. under the SPR Agreement among WPM, L.P., FIS and Metavante, as further described herein. The shares that WPM, L.P. may purchase from time to time under the SPR Agreement are not included in the figures in the table above.
5
SCHEDULE 13D
CUSIP No. 31620M106 |
Page 6 of 19 pages |
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1 |
Names of Reporting Persons |
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3 |
SEC Use Only |
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4 |
Source of Funds (See
Instructions) |
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5 |
Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) o |
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6 |
Citizenship or Place of Organization |
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Number of |
7 |
Sole Voting Power |
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8 |
Shared Voting Power |
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9 |
Sole Dispositive Power |
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10 |
Shared Dispositive Power |
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11 |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13 |
Percent of Class
Represented by Amount in Row (11) |
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14 |
Type of Reporting Person
(See Instructions) |
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* Calculated assuming 372,659,755 shares of common stock outstanding as of October 1, 2009, which was calculated based on the sum of (a) 208,573,461 shares of FIS common stock outstanding on October 1, 2009 excluding treasury shares and any shares issued in the Merger, and (b) assuming 164,086,294 shares of FIS common stock are issued in connection with the Merger in exchange for 121,545,403 shares of Metavante common stock outstanding on October 1, 2009. The foregoing computations were calculated based on information furnished by representatives of FIS to the Reporting Persons on October 8, 2009. In addition, each of the Reporting Persons may also be deemed to beneficially own additional shares by virtue of a purchase right which may be exercised from time to time by WPM, L.P. under the SPR Agreement among WPM, L.P., FIS and Metavante, as further described herein. The shares that WPM, L.P. may purchase from time to time under the SPR Agreement are not included in the figures in the table above.
6
SCHEDULE 13D
CUSIP No. 31620M106 |
Page 7 of 19 pages |
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1 |
Names of Reporting Persons |
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3 |
SEC Use Only |
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4 |
Source of Funds (See
Instructions) |
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5 |
Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) o |
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6 |
Citizenship or Place of Organization |
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Number of |
7 |
Sole Voting Power |
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8 |
Shared Voting Power |
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9 |
Sole Dispositive Power |
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10 |
Shared Dispositive Power |
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11 |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13 |
Percent of Class
Represented by Amount in Row (11) |
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14 |
Type of Reporting Person
(See Instructions) |
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* Calculated assuming 372,659,755 shares of common stock outstanding as of October 1, 2009, which was calculated based on the sum of (a) 208,573,461 shares of FIS common stock outstanding on October 1, 2009 excluding treasury shares and any shares issued in the Merger, and (b) assuming 164,086,294 shares of FIS common stock are issued in connection with the Merger in exchange for 121,545,403 shares of Metavante common stock outstanding on October 1, 2009. The foregoing computations were calculated based on information furnished by representatives of FIS to the Reporting Persons on October 8, 2009. In addition, each of the Reporting Persons may also be deemed to beneficially own additional shares by virtue of a purchase right which may be exercised from time to time by WPM, L.P. under the SPR Agreement among WPM, L.P., FIS and Metavante, as further described herein. The shares that WPM, L.P. may purchase from time to time under the SPR Agreement are not included in the figures in the table above.
7
SCHEDULE 13D
CUSIP No. 31620M106 |
Page 8 of 19 pages |
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1 |
Names of Reporting Persons |
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3 |
SEC Use Only |
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4 |
Source of Funds (See
Instructions) |
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5 |
Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) o |
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6 |
Citizenship or Place of Organization |
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Number of |
7 |
Sole Voting Power |
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8 |
Shared Voting Power |
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9 |
Sole Dispositive Power |
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10 |
Shared Dispositive Power |
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11 |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13 |
Percent of Class
Represented by Amount in Row (11) |
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14 |
Type of Reporting Person
(See Instructions) |
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* Calculated assuming 372,659,755 shares of common stock outstanding as of October 1, 2009, which was calculated based on the sum of (a) 208,573,461 shares of FIS common stock outstanding on October 1, 2009 excluding treasury shares and any shares issued in the Merger, and (b) assuming 164,086,294 shares of FIS common stock are issued in connection with the Merger in exchange for 121,545,403 shares of Metavante common stock outstanding on October 1, 2009. The foregoing computations were calculated based on information furnished by representatives of FIS to the Reporting Persons on October 8, 2009. In addition, each of the Reporting Persons may also be deemed to beneficially own additional shares by virtue of a purchase right which may be exercised from time to time by WPM, L.P. under the SPR Agreement among WPM, L.P., FIS and Metavante, as further described herein. The shares that WPM, L.P. may purchase from time to time under the SPR Agreement are not included in the figures in the table above.
8
SCHEDULE 13D
CUSIP No. 31620M106 |
Page 9 of 19 pages |
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1 |
Names of Reporting Persons |
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3 |
SEC Use Only |
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4 |
Source of Funds (See
Instructions) |
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5 |
Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) o |
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6 |
Citizenship or Place of Organization |
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Number of |
7 |
Sole Voting Power |
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8 |
Shared Voting Power |
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9 |
Sole Dispositive Power |
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10 |
Shared Dispositive Power |
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11 |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13 |
Percent of Class Represented
by Amount in Row (11)
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14 |
Type of Reporting Person
(See Instructions) |
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* Calculated assuming 372,659,755 shares of common stock outstanding as of October 1, 2009, which was calculated based on the sum of (a) 208,573,461 shares of FIS common stock outstanding on October 1, 2009 excluding treasury shares and any shares issued in the Merger, and (b) assuming 164,086,294 shares of FIS common stock are issued in connection with the Merger in exchange for 121,545,403 shares of Metavante common stock outstanding on October 1, 2009. The foregoing computations were calculated based on information furnished by representatives of FIS to the Reporting Persons on October 8, 2009. In addition, each of the Reporting Persons may also be deemed to beneficially own additional shares by virtue of a purchase right which may be exercised from time to time by WPM, L.P. under the SPR Agreement among WPM, L.P., FIS and Metavante, as further described herein. The shares that WPM, L.P. may purchase from time to time under the SPR Agreement are not included in the figures in the table above.
9
SCHEDULE 13D
CUSIP No. 31620M106 |
Page 10 of 19 pages |
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1 |
Names of Reporting Persons |
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) |
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(a) |
o |
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(b) |
x |
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3 |
SEC Use Only |
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4 |
Source of Funds (See
Instructions) |
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5 |
Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) o |
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6 |
Citizenship or Place of Organization |
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Number of |
7 |
Sole Voting Power |
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8 |
Shared Voting Power |
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9 |
Sole Dispositive Power |
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10 |
Shared Dispositive Power |
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|
11 |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
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||||||
|
12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o |
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13 |
Percent of Class
Represented by Amount in Row (11) |
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14 |
Type of Reporting Person
(See Instructions) |
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* Calculated assuming 372,659,755 shares of common stock outstanding as of October 1, 2009, which was calculated based on the sum of (a) 208,573,461 shares of FIS common stock outstanding on October 1, 2009 excluding treasury shares and any shares issued in the Merger, and (b) assuming 164,086,294 shares of FIS common stock are issued in connection with the Merger in exchange for 121,545,403 shares of Metavante common stock outstanding on October 1, 2009. The foregoing computations were calculated based on information furnished by representatives of FIS to the Reporting Persons on October 8, 2009. In addition, each of the Reporting Persons may also be deemed to beneficially own additional shares by virtue of a purchase right which may be exercised from time to time by WPM, L.P. under the SPR Agreement among WPM, L.P., FIS and Metavante, as further described herein. The shares that WPM, L.P. may purchase from time to time under the SPR Agreement are not included in the figures in the table above.
10
Item 1. |
Security and Issuer. |
This statement on Schedule 13D (this Statement) relates to the common stock, par value $0.01 per share, of Fidelity National Information Services, Inc. (the Common Stock), a Georgia corporation (the Company), and is being filed pursuant to Rule 13d-1 promulgated under the Securities Exchange Act of 1934, as amended (the Exchange Act). The principal executive offices of the Company are located at 601 Riverside Avenue, Jacksonville, Florida 32204.
Item 2. |
Identity and Background. |
(a) This Statement is being filed on behalf of WPM, L.P., a Delaware limited partnership (WPM), WPM GP, LLC, a Delaware limited liability company and the sole general partner of WPM (WPM GP), Warburg Pincus Private Equity IX, L.P., a Delaware limited partnership and the sole member of WPM GP (WP IX), Warburg Pincus IX LLC, a New York limited liability company and the sole general partner of WP IX (WP IX LLC), Warburg Pincus Partners, LLC, a New York limited liability company and the sole member of WP IX LLC (WP Partners), Warburg Pincus & Co., a New York general partnership and the managing member of WP Partners (WP), Warburg Pincus LLC, a New York limited liability company that manages WP IX (WP LLC), and Messrs. Charles R. Kaye and Joseph P. Landy, each a Managing General Partner of WP and Managing Member and Co-President of WP LLC (each of the foregoing, a Reporting Person, and collectively, the Reporting Persons). The agreement among the Reporting Persons to file this Statement jointly in accordance with Rule 13d-1(k) of the Exchange Act is attached hereto as Exhibit 1.
(b) The address of the principal business and principal office of the Reporting Persons is c/o Warburg Pincus LLC, 450 Lexington Avenue, New York, New York 10017. The general partners of WP, the members and managing directors of WP LLC, the executive officers of WPM GP, and their respective business addresses, are set forth on Schedule I hereto, which is incorporated herein by reference.
(c) The principal business of WPM is to hold an equity investment in the Company (see Item 4 hereto). The principal business of WPM GP is acting as a general partner of WPM. The principal business of WP IX is that of making private equity and related investments. The principal business of WP IX LLC is acting as general partner of WP IX. The principal business of WP Partners is acting as general partner to certain private equity funds and as the sole member of WP IX LLC. The principal business of WP is acting as the managing member of WP Partners. The principal business of WP LLC is managing certain private equity funds, including WP IX. The principal businesses of each of Messrs. Kaye and Landy is acting as the Managing General Partner of WP and Co-President and Managing Member of WP LLC. The principal occupation of each of the general partners of WP, the members and managing directors of WP LLC and the executive officers of WPM GP is set forth on Schedule I hereto, which is incorporated herein by reference.
(d) During the last five years, none of the Reporting Persons and, to the knowledge of the Reporting Persons, none of the partners, members and managing directors named on Schedule I,
11
have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons and, to the knowledge of the Reporting Persons, none of the partners, members and managing directors named on Schedule I, have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) WPM, WPM GP and WP IX are organized under the laws of Delaware. WP IX LLC, WP Partners, WP and WP LLC are organized under the laws of New York. Messrs. Kaye and Landy are citizens of the United States of America, and except as otherwise indicated on Schedule I, each of the individuals referred to on Schedule I hereto is a citizen of the United States of America.
Item 3. |
Source and Amount of Funds. |
Pursuant to the terms and subject to the conditions of that certain Agreement and Plan of Merger, dated March 31, 2009 (the Merger Agreement), by and among the Company, Cars Holdings, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (Merger Sub), and Metavante Technologies, Inc., a Wisconsin corporation (Metavante), on October 1, 2009, Metavante was merged with and into Merger Sub (the Merger), with Merger Sub as the surviving corporation.
Pursuant to the terms and subject to the conditions of the Merger Agreement, at the effective time of the Merger (the Effective Time) on October 1, 2009, each share of Metavante common stock, par value $0.01 per share (the Metavante Common Stock), issued and outstanding immediately prior to the Effective Time was converted into the right to receive 1.35 fully paid and nonassessable shares of Common Stock.
As of immediately prior to the Effective Time, WPM was the direct beneficial owner of 29,784,274 shares of Metavante Common Stock. In connection with the consummation of the Merger, pursuant to the terms and subject to the conditions of the Merger Agreement, on October 1, 2009, WPM exchanged such shares of Metavante Common Stock for 40,208,769 shares of Common Stock and a de minimis amount of cash for any fractional shares of Common Stock received by WPM as a result of the Merger.
Item 4. |
Purpose of the Transaction. |
The Reporting Persons intend to review their investment in the Company on a continuing basis and will routinely monitor a wide variety of investment considerations, including, without limitation, current and anticipated future trading prices for the Common Stock and other securities of the Company, if any, the Companys financial position, operations, assets, prospects, strategic direction and business and other developments affecting the Company and its subsidiaries, the Companys management, Board of Directors, Company-related competitive and strategic matters, conditions in the securities and financial markets, tax considerations, general
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market, economic and industry conditions, other investment and business opportunities available to the Reporting Persons and other factors considered relevant. The Reporting Persons may from time to time take such actions with respect to their investment in the Company as they deem appropriate, including, without limitation, (i) acquiring additional shares or disposing of some or all of their shares of Common Stock (or other securities of the Company) or engaging in discussions with the Company and its subsidiaries concerning future transactions with the Company and its subsidiaries, including, without limitation, extraordinary corporate transactions and acquisitions or dispositions of shares of capital stock or other securities of the Company or any subsidiary thereof, (ii) changing their current intentions with respect to any or all matters referred to in this Item 4 and (iii) engaging in hedging, derivative or similar transactions with respect to any securities of the Company. Any acquisition or disposition of the Companys securities may be made by means of open-market purchases or dispositions, privately negotiated transactions, direct acquisitions from or dispositions to the Company or a subsidiary thereof or otherwise.
A partner of WP, who is also a member of WP LLC, has been appointed as a director of the Company as the WPM Designee (as defined below). As part of the Reporting Persons continuing evaluation of, and preservation of the value of, their investment in the Common Stock or other securities of the Company, the Reporting Persons and their representatives, including, without limitation, the WPM Designee, may from time to time engage in discussions with, respond to inquiries from or make proposals to various persons, including, without limitation, the Companys management, the Board of Directors, existing or potential strategic partners of the Company, other shareholders, industry analysts and other relevant parties concerning matters with respect to the Company and the Reporting Persons investment in the Common Stock and other securities of the Company, if any, including, without limitation, the business, operations, prospects, governance, management, strategy and the future plans of the Company.
As discussed above, Metavante entered into the Merger Agreement with the Company and Merger Sub, pursuant to which Metavante was merged with and into Merger Sub. In connection therewith, WPM and the Company entered into a (i) a Shareholders Agreement (as defined below) and (ii) a Stock Purchase Right Agreement (as defined below), each of which is summarized below. In addition, on March 31, 2009, in connection with the Merger, WPM entered into a Support Agreement with the Company, Merger Sub and Metavante, which was terminated automatically upon the Effective Time of the Merger.
The following summaries of the Shareholders Agreement and Stock Purchase Right Agreement are not intended to be complete. The Stock Purchase Right Agreement and the Shareholders Agreement, copies of which are filed as Exhibits 2 and 3 hereto, respectively, are incorporated herein by reference and the following summaries of the Stock Purchase Right Agreement and the Shareholders Agreement are qualified in their entirety by reference thereto. This Statement does not purport to amend, qualify or in any way modify such agreements.
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Shareholders Agreement
On March 31, 2009, the Company and WPM entered into a Shareholders Agreement (the Shareholders Agreement), which Shareholders Agreement became effective at the Effective Time.
Pursuant to the Shareholders Agreement, so long as the Investor Percentage Interest (as defined in the Shareholders Agreement) equals or exceeds 20%, WPM has the right to nominate and have appointed to the Board of Directors of the Company (the Board) one director (the WPM Designee). So long as such membership does not conflict with applicable law or the listing requirements of the New York Stock Exchange or other securities exchange on which the Common Stock is listed for trading (as determined in good faith by the Board), the WPM Designee has the right to serve as a member of the compensation committee of the Board and as a member of the governance committee of the Board. Such Board appointment right terminates on the earlier of (i) the date on which the Investor Percentage Interest is less than 20% and (ii) the tenth anniversary of the closing date of the Merger. In addition, the Company has agreed to consider in good faith any request by WPM to have an observer designated by WPM attend any meetings of the Board, committees of the Board or committees of the board of directors of any subsidiary of the Company that the WPM Designee attends.
The Shareholders Agreement provides, subject to the terms and conditions thereof, that WPM has agreed to certain limitations on its ability to transfer the shares of Common Stock owned by it during the period that is 180 days from and including the closing date of the Merger.
The Shareholders Agreement provides, subject to the terms and conditions set forth therein, for certain demand registrations rights exercisable at any time following the date that is 180 days from and including the closing date of the Merger whereby WPM may request that the Company, and upon such request the Company shall use its reasonable best efforts to, register all or a portion of WPMs Registrable Securities (as defined in the Shareholders Agreement) with the SEC. Furthermore, pursuant to the Shareholders Agreement and subject to the terms and conditions set forth therein, if the Company proposes to register any of its securities on a form that may include Registrable Securities held by WPM, WPM will have the right to request that all or any part of its Registrable Securities be included in the registration.
The Shareholders Agreement provides that it will continue in effect until the earliest of: (i) its termination by the consent of all of the parties thereto (with the consent of a majority of the independent directors of the Board excluding the WPM Designee), (ii) the date on which WPM and/or its affiliates cease to hold any shares of Registrable Securities (except for those provisions that terminate as of a date specified in such provisions, which provisions shall terminate in accordance with the terms thereof), and (iii) the dissolution, liquidation or winding up of the Company.
Stock Purchase Right Agreement
WPM, Metavante and the Company have entered into a Stock Purchase Right Agreement, dated as of March 31, 2009 (the Stock Purchase Right Agreement). The Stock Purchase Right Agreement replaces that certain Amended and Restated Stock Purchase Right
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Agreement, dated August 21, 2008, by and between WPM and Metavante (the Metavante Stock Purchase Right Agreement). The Stock Purchase Right Agreement provides, among other things, that as of and following the Effective Time, WPM has the right to purchase shares of Common Stock if certain employee stock options that were outstanding immediately prior to the Effective Time are exercised after the Effective Time in accordance with formulas set forth in the Stock Purchase Right Agreement. In addition, the Stock Purchase Right Agreement suspended the purchase rights of WPM under the Metavante Stock Purchase Right Agreement from and after March 31, 2009 but provides a mechanism whereby any rights that accrued to WPM under such Metavante Stock Purchase Right Agreement from March 31, 2009 to the Effective Time may be exercised for an equivalent amount of Common Stock in accordance with the terms of the Stock Purchase Right Agreement.
Subject to the terms of the Stock Purchase Right Agreement, the purchase right may generally be exercised quarterly with respect to shares of Common Stock issued pursuant to the Subject Employee Options (as defined in the Stock Purchase Right Agreement) during the preceding quarter. The Stock Purchase Right Agreement also contains other provisions allowing WPM to exercise a portion of its stock purchase rights upon the occurrence of certain events, including, without limitation, in connection with certain transfers of shares of Common Stock held by WPM.
Additional Disclosure
Except as set forth herein, none of the Reporting Persons nor, to the knowledge of the Reporting Persons, any of the persons set forth on Schedule I, has any plans or proposals that relate to or would result in: (a) the acquisitions by any person of additional securities of the Company, or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present board of directors or management of the Company, including any plans or proposals to change the number or term of the directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Companys business or corporate structure; (g) changes in the Companys charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to any of those enumerated above.
Item 5. |
Interests in Securities of the Issuer. |
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(b) Each of WPM GP, WP IX, WP IX LLC, WP Partners, WP and WP LLC may be deemed to share with WPM the power to vote or to direct the vote and to dispose or to direct the disposition of the 40,208,769 shares of Common Stock that the Reporting Persons may be deemed to beneficially own as of October 1, 2009 plus any shares they may be deemed to beneficially own pursuant to the Stock Purchase Right Agreement. Charles R. Kaye and Joseph P. Landy are Managing General Partners of WP and Managing Members and Co-Presidents of WP LLC and may be deemed to control the other Reporting Persons. Messrs. Kaye and Landy disclaim beneficial ownership of all of the shares held by WPM. Neither the filing of this Statement nor any of its contents shall be deemed to constitute an admission that any Reporting Person or any of its affiliates is the beneficial owner of any shares of Common Stock for purposes of Section 13(d) of the Exchange Act or for any other purpose.
(c) Except as described in this Statement (including the schedules to this Statement), during the last sixty (60) days there were no transactions in the Common Stock effected by the Reporting Persons, nor, to the best of their knowledge, any of their general partners, members or directors as set forth on Schedule I hereto.
(d) Except as set forth in this Item 5 and for persons referred to in Item 2 above, no person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock that may be deemed to be beneficially owned by the Reporting Persons.
(e) Not applicable.
Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
Pursuant to Rule 13d-1(k) promulgated under the Exchange Act, the Reporting Persons have entered into an agreement on October 9, 2009, with respect to the joint filing of this Statement and any amendment or amendments hereto (the Joint Filing Agreement). The Joint Filing Agreement is attached hereto as Exhibit 1 and incorporated herein by reference.
As described in Item 4 he reto, (i) WPM and the Company have entered into a Shareholders Agreement and (ii) WPM, Metavante and the Company have entered into a Stock Purchase Right Agreement. The information set forth in Item 4 with respect to the Shareholders Agreement and Stock Purchase Right Agreement is incorporated into this Item 6 by reference.
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Item 7. |
Material to Be Filed as Exhibits. |
Exhibit 1. |
Joint Filing Agreement, dated as of October 9, 2009, by and among WPM, L.P., WPM GP, LLC, Warburg Pincus Private Equity IX, L.P., Warburg Pincus IX LLC, Warburg Pincus Partners, LLC, Warburg Pincus & Co., Warburg Pincus LLC, Charles R. Kaye and Joseph P. Landy. |
Exhibit 2. |
Stock Purchase Right Agreement, dated as of March 31, 2009, by and among WPM, L.P., Fidelity National Information Services, Inc. and Metavante Technologies, Inc. |
Exhibit 3. |
Shareholders Agreement, dated as of March 31, 2009, by and between WPM, L.P. and Fidelity National Information Services, Inc. |
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: October 9, 2009 |
WPM, L.P. |
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By: WPM GP, LLC, its general partner |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Managing Director and Secretary |
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Dated: October 9, 2009 |
WPM GP, LLC |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Managing Director and Secretary |
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Dated: October 9, 2009 |
WARBURG PINCUS PRIVATE EQUITY IX, L.P. |
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By: Warburg Pincus IX LLC, its general partner |
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By: Warburg Pincus Partners, LLC, its sole member |
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By: Warburg Pincus & Co., its managing member |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Partner |
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Dated: October 9, 2009 |
WARBURG PINCUS IX LLC |
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By: Warburg Pincus Partners, LLC, its sole member |
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By: Warburg Pincus & Co., its managing member |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Partner |
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Dated: October 9, 2009 |
WARBURG PINCUS & CO. |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Partner |
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Dated: October 9, 2009 |
WARBURG PINCUS PARTNERS, LLC |
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By: Warburg Pincus & Co., its managing member |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Partner |
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Dated: October 9, 2009 |
WARBURG PINCUS LLC |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Managing Director |
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Dated: October 9, 2009 |
CHARLES R. KAYE |
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By: |
/s/ Scott A. Arenare |
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Scott A. Arenare, Attorney-in-fact* |
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Dated: October 9, 2009 |
JOSEPH P. LANDY |
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By: |
/s/ Scott A. Arenare |
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Scott A. Arenare, Attorney-in-fact** |
* Power of Attorney given by Mr. Kaye was previously filed with the SEC on March 2, 2006, as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.
** Power of Attorney given by Mr. Landy was previously filed with the SEC on March 2, 2006, as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.
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SCHEDULE 1
Set forth below is the name, position and present principal occupation of each of the general partners of Warburg Pincus & Co. (WP), members of Warburg Pincus LLC (including its subsidiaries, WP LLC) and executive officers of WPM GP, LLC (WPM GP). Except as otherwise indicated, the business address of each of such persons is 450 Lexington Avenue, New York, New York 10017, and each of such persons is a citizen of the United States.
GENERAL PARTNERS OF WP
NAME |
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PRESENT PRINCIPAL OCCUPATION IN
ADDITION |
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Scott A. Arenare |
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Partner of WP; Member and Managing Director of WP LLC; Managing Director and Secretary of WPM GP |
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David Barr |
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Partner of WP; Member and Managing Director of WP LLC |
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Alain J.P. Belda |
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Partner of WP; Member and Managing Director of WP LLC |
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Alexander Berzofsky |
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Partner of WP; Member and Managing Director of WP LLC |
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Sean D. Carney |
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Partner of WP; Member and Managing Director of WP LLC |
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Mark Colodny |
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Partner of WP; Member and Managing Director of WP LLC |
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David A. Coulter |
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Partner of WP; Member and Managing Director of WP LLC |
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Timothy J. Curt |
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Partner of WP; Member and Managing Director of WP LLC; Managing Director and Treasurer of WPM GP |
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Cary J. Davis |
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Partner of WP; Member and Managing Director of WP LLC |
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Steven Glenn |
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Partner of WP; Member and Managing Director of WP LLC |
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Michael Graff |
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Partner of WP; Member and Managing Director of WP LLC |
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Patrick T. Hackett |
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Partner of WP; Member and Managing Director of WP LLC |
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E. Davisson Hardman |
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Partner of WP; Managing Director of WP LLC |
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Jeffrey A. Harris |
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Partner of WP; Member and Managing Director of WP LLC |
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In Seon Hwang |
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Partner of WP; Member and Managing Director of WP LLC |
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William H. Janeway |
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Partner of WP; Member and Senior Advisor of WP LLC |
Chansoo Joung |
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Partner of WP; Member and Managing Director of WP LLC |
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Peter R. Kagan |
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Partner of WP; Member and Managing Director of WP LLC |
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Charles R. Kaye |
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Managing General Partner of WP; Managing Member and Co-President of WP LLC |
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Henry Kressel |
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Partner of WP; Member and Managing Director of WP LLC |
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David Krieger |
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Partner of WP; Member and Managing Director of WP LLC |
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Kevin Kruse |
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Partner of WP; Member and Managing Director of WP LLC |
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Joseph P. Landy |
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Managing General Partner of WP; Managing Member and Co-President of WP LLC |
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Kewsong Lee |
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Partner of WP; Member and Managing Director of WP LLC |
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Jonathan S. Leff |
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Partner of WP; Member and Managing Director of WP LLC |
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Michael Martin |
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Partner of WP; Member and Managing Director of WP LLC |
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James Neary |
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Partner of WP; Member and Managing Director of WP LLC; Managing Director of WPM GP |
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Dalip Pathak |
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Partner of WP; Member and Managing Director of WP LLC |
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Michael F. Profenius |
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Partner of WP; Managing Director of WP LLC |
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Justin Sadrian |
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Partner of WP; Member and Managing Director of WP LLC |
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Henry B. Schacht |
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Partner of WP; Member and Senior Advisor of WP LLC |
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Steven G. Schneider |
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Partner of WP; Member and Managing Director of WP LLC |
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Patrick Severson |
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Partner of WP; Member and Managing Director of WP LLC |
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John Shearburn |
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Partner of WP; Member and Managing Director of WP LLC |
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Christopher H. Turner |
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Partner of WP; Member and Managing Director of WP LLC |
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John L. Vogelstein |
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Partner of WP; Member and Senior Advisor of WP LLC |
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Elizabeth H. Weatherman |
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Partner of WP; Member and Managing Director of WP LLC |
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Rosanne Zimmerman |
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Partner of WP; Member and Managing Director of WP LLC |
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Pincus & Company LLC* |
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WP & Co. Partners, L.P.** |
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Warburg Pincus Principal Partnership, L.P.*** |
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Warburg Pincus Real Estate Principal Partnership, L.P.*** |
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Warburg Pincus 2006 Limited Partnership*** |
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Warburg Pincus 2007 Limited Partnership*** |
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* New York limited liability company; primary activity is ownership interest in WP and WP LLC
** New York limited partnership; primary activity is ownership interest in WP
*** Delaware limited partnership; primary activity is ownership interest in WP
MEMBERS OF WP LLC
NAME |
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PRESENT PRINCIPAL OCCUPATION IN
ADDITION |
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Scott A. Arenare |
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Member and Managing Director of WP LLC; Partner of WP; Managing Director and Secretary of WPM GP |
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David Barr |
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Member and Managing Director of WP LLC; Partner of WP |
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Alain J.P. Belda |
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Member and Managing Director of WP LLC; Partner of WP |
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Alexander Berzofsky |
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Member and Managing Director of WP LLC; Partner of WP |
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Sean D. Carney |
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Member and Managing Director of WP LLC; Partner of WP |
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Julian Cheng (1) |
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Member and Managing Director of WP LLC |
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Stephen John Coates (2) |
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Member and Managing Director of WP LLC |
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Mark Colodny |
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Member and Managing Director of WP LLC; Partner of WP |
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David A. Coulter |
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Member and Managing Director of WP LLC; Partner of WP |
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Timothy J. Curt |
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Member and Managing Director of WP LLC; Partner of WP; Managing Director and Treasurer of WPM GP |
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Cary J. Davis |
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Member and Managing Director of WP LLC; Partner of WP |
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Martin D. Dunnett (2) |
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Member and Managing Director of WP LLC |
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Robert Feuer (3) |
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Member and Managing Director of WP LLC |
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Rajiv Ghatalia (1) |
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Member and Managing Director of WP LLC |
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Steven Glenn |
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Member and Managing Director of WP LLC; Partner of WP |
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Michael Graff |
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Member and Managing Director of WP LLC; Partner of WP |
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Patrick T. Hackett |
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Member and Managing Director of WP LLC; Partner of WP |
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Jeffrey A. Harris |
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Member and Managing Director of WP LLC; Partner of WP |
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In Seon Hwang |
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Member and Managing Director of WP LLC; Partner of WP |
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William H. Janeway |
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Member and Senior Advisor of WP LLC; Partner of WP |
Chansoo Joung |
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Member and Managing Director of WP LLC; Partner of WP |
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Peter R. Kagan |
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Member and Managing Director of WP LLC; Partner of WP |
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Charles R. Kaye |
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Managing Member and Co-President of WP LLC; Managing General Partner of WP |
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Rajesh Khanna (4) |
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Member and Managing Director of WP LLC |
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Henry Kressel |
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Member and Managing Director of WP LLC; Partner of WP |
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David Krieger |
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Member and Managing Director of WP LLC; Partner of WP |
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Kevin Kruse |
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Member and Managing Director of WP LLC; Partner of WP |
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Joseph P. Landy |
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Managing Member and Co-President of WP LLC; Managing General Partner of WP |
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Kewsong Lee |
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Member and Managing Director of WP LLC; Partner of WP |
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Jonathan S. Leff |
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Member and Managing Director of WP LLC; Partner of WP |
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David Li (1) |
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Member and Managing Director of WP LLC |
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Vishal Mahadevia (4) |
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Member and Managing Director of WP LLC |
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Niten Malhan (4) |
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Member and Managing Director of WP LLC |
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Michael Martin |
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Member and Managing Director of WP LLC; Partner of WP |
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Luca Molinari (5) |
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Member and Managing Director of WP LLC |
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James Neary |
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Member and Managing Director of WP LLC; Partner of WP; Managing Director of WPM GP |
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Dalip Pathak |
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Member and Managing Director of WP LLC; Partner of WP |
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Leo Puri (4) |
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Member and Managing Director of WP LLC |
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Justin Sadrian |
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Member and Managing Director of WP LLC; Partner of WP |
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Adarsh Sarma (4) |
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Member and Managing Director of WP LLC |
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Henry B. Schacht |
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Member and Senior Advisor of WP LLC; Partner of WP |
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Steven G. Schneider |
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Member and Managing Director of WP LLC; Partner of WP |
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Joseph C. Schull (6) |
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Member and Managing Director of WP LLC |
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Patrick Severson |
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Member and Managing Director of WP LLC; Partner of WP |
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John Shearburn |
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Member and Managing Director of WP LLC; Partner of WP |
Chang Q. Sun (1) |
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Member and Managing Director of WP LLC |
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Christopher H. Turner |
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Member and Managing Director of WP LLC; Partner of WP |
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Simon Turton (2) |
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Member and Managing Director of WP LLC |
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John L. Vogelstein |
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Member and Senior Advisor of WP LLC; Partner of WP |
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Elizabeth H. Weatherman |
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Member and Managing Director of WP LLC; Partner of WP |
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Peter Wilson (2) |
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Member and Managing Director of WP LLC |
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Jeremy S. Young (2) |
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Member and Managing Director of WP LLC |
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Rosanne Zimmerman |
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Member and Managing Director of WP LLC; Partner of WP |
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Pincus & Company LLC* |
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(1) Citizen of Hong Kong
(2) Citizen of United Kingdom
(3) Citizen of Hungary
(4) Citizen of India
(5) Citizen of Italy
(6) Citizen of Canada
* New York limited liability company; primary activity is ownership interest in WP and WP LLC
EXECUTIVE OFFICERS OF WPM GP
NAME |
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PRESENT PRINCIPAL OCCUPATION IN
ADDITION |
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Scott A. Arenare |
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Managing Director and Secretary of WPM GP; Member and Managing Director of WP LLC; Partner of WP |
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Timothy J. Curt |
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Managing Director and Treasurer of WPM GP; Member and Managing Director of WP LLC; Partner of WP |
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James Neary |
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Managing Director of WPM GP; Member and Managing Director of WP LLC; Partner WP |
As of October 1, 2009.
EXHIBIT 1
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on Schedule 13D with respect to the common stock, par value $0.01 per share, of Fidelity National Information Services, Inc., is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts and all of such counterparts taken together shall constitute one and the same instrument.
Dated: October 9, 2009 |
WPM, L.P. |
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By: WPM GP, LLC, its general partner |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Managing Director and Secretary |
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Dated: October 9, 2009 |
WPM GP, LLC |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Managing Director and Secretary |
Dated: October 9, 2009 |
WARBURG PINCUS PRIVATE EQUITY IX, L.P. |
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By: Warburg Pincus IX LLC, its general partner |
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By: Warburg Pincus Partners, LLC, its sole member |
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By: Warburg Pincus & Co., its managing member |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Partner |
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Dated: October 9, 2009 |
WARBURG PINCUS IX LLC |
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By: Warburg Pincus Partners, LLC, its sole member |
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By: Warburg Pincus & Co., its managing member |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Partner |
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Dated: October 9, 2009 |
WARBURG PINCUS & CO. |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Partner |
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Dated: October 9, 2009 |
WARBURG PINCUS PARTNERS, LLC |
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By: Warburg Pincus & Co., its managing member |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Partner |
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Dated: October 9, 2009 |
WARBURG PINCUS LLC |
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By: |
/s/ Scott A. Arenare |
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Name: Scott A. Arenare |
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Title: Managing Director |
Dated: October 9, 2009 |
CHARLES R. KAYE |
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By: |
/s/ Scott A. Arenare |
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Scott A. Arenare, Attorney-in-fact* |
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Dated: October 9, 2009 |
JOSEPH P. LANDY |
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By: |
/s/ Scott A. Arenare |
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Scott A. Arenare, Attorney-in-fact** |
* Power of Attorney given by Mr. Kaye was previously filed with the SEC on March 2, 2006, as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.
** Power of Attorney given by Mr. Landy was previously filed with the SEC on March 2, 2006, as an exhibit to a Schedule 13D filed by Building Products, LLC with respect to Builders FirstSource, Inc.
EXHIBIT 2
FIDELITY NATIONAL INFORMATION SERVICES, INC.
STOCK PURCHASE RIGHT AGREEMENT
Stock Purchase Right Agreement, dated as of March 31, 2009 (as it may be amended from time to time, this Agreement) among Fidelity National Information Services, Inc., a Georgia corporation (the Company), WPM, L.P., a Delaware limited partnership (the Investor), and solely for the purpose of Sections 5.1, 5.8 and 5.10, Metavante Technologies, Inc., a Wisconsin corporation (Metavante).
WHEREAS, concurrently with the execution of this Agreement, the Company, Cars Holdings, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of the Company (Merger Sub), and Metavante are entering into an Agreement and Plan of Merger (Merger Agreement), which provides, subject to Section 1.1 of the Merger Agreement, for the merger (the Merger) of Metavante with and into Merger Sub, pursuant to which all of the outstanding capital stock of Metavante will be converted into the right to receive shares of capital stock of the Company, as set forth in the Merger Agreement;
WHEREAS, as of the date hereof, Investor owns shares of common stock of Metavante and is a party to an Amended and Restated Stock Purchase Right Agreement, dated as of August 21, 2008, between Metavante and Investor (the Metavante Stock Purchase Right Agreement);
WHEREAS, as a condition to, among other things, Investors willingness to enter into and perform its obligations under that certain Support Agreement, dated as of the date hereof, among the Company, Merger Sub, Investor and Metavante, the Company has agreed to enter into this Agreement and the Shareholders Agreement; and
WHEREAS, upon consummation of the Merger, the Investor will own shares of common stock, par value $0.01 per share, of the Company (the Common Shares), and the Investor and the Company are entering into this Agreement in furtherance of that connection;
WHEREAS, except for Sections 2, 4.9, 5.1 through 5.8, 5.10 and 5.11, which shall be effective upon the date set forth above, this Agreement shall be effective as of the date of the effective time of the Merger pursuant to the terms of the Merger Agreement (the Effective Time); and
WHEREAS, the actions contemplated herein on behalf of each of the Company and Investor have been duly and validly authorized by all necessary action and no other proceedings on the part of the Company or Investor are necessary to consummate the actions contemplated herein.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties do hereby agree as follows:
1. Purchase Right. Upon the terms and subject to the conditions set forth in this Agreement, the Company hereby grants to the Investor the right to purchase from the Company the Subject Shares at the Purchase Prices; provided, however, that notwithstanding anything to the contrary contained in this Agreement, the total number of Subject Shares that may be
purchased under this Agreement shall equal one-third of the aggregate number of Common Shares that may be issued under the Subject Employee Options, subject to reduction, if any, pursuant to Section 3.1(b) hereof. As of the date hereof, there were (i) options to purchase 6,827,536 shares of common stock of Metavante outstanding that (subject to reduction pursuant to Section 3.1(b) of the Metavante Stock Purchase Right Agreement prior to the Effective Date) will be converted into Subject Employee Options pursuant to the terms of the Merger Agreement (such options, the Applicable Metavante Options). Within five business days after the determination of the number of Subject Employee Options into which the Applicable Metavante Options are convertible pursuant to the Merger Agreement (such date of determination to be as soon as reasonably practicable after the Closing Date), the Company shall deliver to Investor a schedule setting forth, with respect to each Subject Employee Option into which the Applicable Metavante Options were converted pursuant to the Merger Agreement, the expiration date, exercise price and number of Common Shares underlying such Subject Employee Option.
2. Expiration Date; Effectiveness. Subject to Section 5.9, in no event may the Purchase Right (as defined in Section 3.2(a)) be exercised, in whole or in part, after the earlier of (i) the date that is forty-five days after the Quarterly Notice (as defined herein) is given in respect of the calendar quarter in which all Subject Employee Options expire, (ii) the date that all Subject Shares (as they may have been reduced pursuant to Sections 3.1(b) or 3.2(b)) have been purchased by the Investor or (iii) ten years from November 1, 2007, unless the Board shall extend the expiration date of any of the Subject Employee Options beyond the end of such ten-year period, in which case the Purchase Right shall be similarly extended (the Expiration Date). Except with respect to this Section 2, Section 4.9, Sections 5.1 through 5.8, Section 5.10 and Section 5.11 which shall be effective on the date first set forth above, this Agreement will be automatically effective as of the Effective Time and will continue in effect thereafter until the Expiration Date. In the event the Merger Agreement is terminated in accordance with its terms prior to the Closing Date, this Agreement shall automatically thereafter terminate and be of no further force and effect; provided, however, this Section 2 and Section 5.10 shall remain in effect pursuant to its terms and Section 5.1 shall remain in effect with respect to Investor and Metavante.
3. Exercise of Purchase Right.
3.1. Quarterly Notice and Reduction of Right.
2
3
4
3.3. Metavante Stock Purchase Right Agreement. In addition to the rights set forth in this Agreement, in connection with the first Quarterly Notice required to be delivered by the Company following the Closing Date, the Company shall deliver to the Investor a schedule setting forth the aggregate Closing Metavante Subject Shares, including (i) a compution of the In-the-Money Options (as defined in the Metavante Stock Purchase Right Agreement) and (ii) substantially the same information regarding the Closing Metavante Subject Shares as the Company is required to deliver in the Quarterly Notice. In addition to any Purchase Rights that the Investor has related to such first Quarterly Notice, Investor shall have a right (the Metavante Purchase Right) to purchase the Closing Metavante Subject Shares for a cash purchase price per share equal to $0.01; provided, however, in lieu of the foregoing purchase right, Investor may deliver to the Company a notice electing to purchase by a Cash Payment one-third of the aggregate number of Metavante In-the-Money Option Shares for an aggregate purchase price equal to one-third of the aggregate exercise prices of such Metavante In-the-Money Option Shares. Such purchase shall, subject to Section 5.9, take place 45 days following the date the first Quarterly Notice is given (or the first business day following such 45th day, if such day is not a business day). Exhibit A hereto sets forth, for illustrative purposes only, an example of the computation of the Metavante Purchase Right pursuant to this Section 3.3.
5
6
Acceleration Purchase Price shall mean with respect to any Acceleration Subject Shares, one-third of the aggregate exercise price of the Subject Employee Options to the extent used in determining such Acceleration Subject Shares.
Acceleration Subject Shares shall mean (x) in the case of Section 3.2(b) a number of Common Shares equal to one-third of a percentage of the Reference Common Shares that is equal to the percentage of the Common Shares transferred by the Investor as contemplated by Section 3.2(b) and in respect of which an Acceleration Notice had not been delivered previously, and (y) in the case of Section 3.2(c) a number of Common Shares equal to one-third of all Common Shares subject to then outstanding Subject Employee Options the exercise prices of which are equal to or are less than the Fair Market Value as of the date of an acceleration pursuant to Section 3.2(c).
Board shall mean the Board of Directors of the Company, excluding the Investor Designee (as defined in the Shareholders Agreement).
Cash Payment shall mean a wire transfer of immediately available funds to such account as the Company may specify from time to time.
Closing Date shall mean the date of the Effective Time of the Merger pursuant to the Merger Agreement.
7
Closing Metavante Subject Shares shall be determined by reference to the Closing Date and shall be equal to the number of shares of Common Shares equal to the sum (rounded down to the nearest whole share number) obtained by adding (A) any Subject Shares (as defined in the Metavante Stock Purchase Right Agreement) that, but for Section 5.10, the Investor would have had a right to purchase as a result of a Quarterly Notice (as defined in the Metavante Stock Purchase Right Agreement) that Metavante would have been required to give to the Investor, including, without limitation, any Quarterly Notice (as defined in the Metavante Stock Purchase Right Agreement) Metavante would have been required to give to the Investor assuming the one month period set forth in the Metavante Stock Purchase Right Agreement had expired prior to the Closing Date, but that the Investor did not exercise on or prior to the Closing Date, as contemplated by Section 5.10, plus (B), without duplication of the time period set forth in the preceding clause (A), the number of Subject Shares (as defined in the Metavante Stock Purchase Right Agreement) the Investor could purchase if Metavante was obligated to determine, as of the Closing Date, the Investors Purchase Right (as defined in the Metavante Stock Purchase Right Agreement) for the time period beginning on the first day of the most recent calendar quarter and ending on and including the Closing Date; provided, however, in calculating the number of Subject Shares (as defined in the Metavante Stock Purchase Right Agreement) for the purposes of clause (A) and (B) above, the number of Common Shares (as defined in the Metavante Stock Purchase Right Agreement) obtained in respect of clause (i) of Section 3.2(a) of the Metavante Stock Purchase Right Agreement shall first be multiplied by the Exchange Ratio (as defined in the Merger Agreement) prior to subtracting the number obtained in clause (ii) of Section 3.2(a) of the Metavante Stock Purchase Right Agreement. For purposes of determining the Closing Metavante Subject Shares, (i) all computations and other determinations shall be made as of the Closing Date, including, without limitation, the determination of Fair Market Value (as defined in the Metavante Stock Purchase Right Agreement), In-the-Money Options (as defined in the Metavante Stock Purchase Right Agreement) and Out of the Money Options (as defined in the Metavante Stock Purchase Right Agreement) and (ii) all time periods regarding exercise of the Investors rights with respect to such Closing Metavante Subject Shares under the Metavante Stock Purchase Right Agreement shall be disregarded.
Exchange Act shall mean the Securities Exchange Act of 1934, as amended, or any similar federal statute and the rules and regulations thereunder, as in effect from time to time.
Fair Market Value shall mean the closing transaction price of a Common Share as reported in the New York Stock Exchange Composite Transactions (or the equivalent reporting system for any other national securities exchange on which the Common Shares are primarily listed) on the date as of which such value is being determined or, if there shall be no reported transactions for such date, on the next preceding date for which transactions were reported; provided, however, that if the Common Shares are not listed on any national securities exchange, the Fair Market Value may be determined by the Board by whatever means or method as the Board, in the good faith exercise of its discretion, shall at such time deem appropriate.
Metavante In-the-Money Option Shares shall be determined by reference to the Closing Date and shall be equal to the number of shares of Common Shares equal to the product (rounded down to the nearest whole share number) obtained by multiplying (A) the Exchange Ratio (as defined in the Merger Agreement) by (B) one-third of the aggregate number of shares
8
of common stock of Metavante issued pursuant to all of the In-the-Money Options (as defined in the Metavante Stock Purchase Right Agreement; but for clarity, when determining such In-the-Money Options, the reference to one-third in Section 3.2(a) of such Metavante Stock Purchase Right Agreement shall be omitted) included in the determination of the Closing Metavante Subject Shares.
Out of the Money Options shall mean (x) in the case of Section 3.2(a), Subject Employee Options the exercise prices of which are greater than the Fair Market Value as of the date of exercise of the Purchase Right for such Common Shares, and (y) in the case of Section 3.2(c), Subject Employee Options the exercise prices of which are greater than the Fair Market Value as of the date of an acceleration pursuant to such Section 3.2(c).
Purchase Prices shall mean the purchase prices for which the Investor may purchase Subject Shares hereunder.
Reference Common Shares shall mean, as of any time of determination, the Subject Shares subject to those Subject Employee Options (i) that are outstanding, unexercised and vested, (ii) the exercise prices of which equal or are less than the Fair Market Value as of such date, (iii) not previously used in determining the Acceleration Subject Shares in connection with any Acceleration Notice, and (iv) have the earliest grant dates (when compared to other Subject Employee Options that meet the specifications in clause (i) (iii) immediately above).
Shareholders Agreement shall mean that certain Shareholders Agreement, dated as of the date hereof, among the Company, the Investor and any other Shareholders (as defined therein) that become a party thereto, as amended from time to time.
Subject Employee Options shall mean the options to acquire shares of common stock of Metavante that are subject to the Metavante Stock Purchase Right Agreement immediately prior to the Effective Time of the Merger, which options are, pursuant to the terms set forth in the Merger Agreement, being converted into options to acquire Common Shares of the Company in connection with the Merger. The number of Subject Employee Options, if determined as of the date hereof after giving effect to the Exchange Ratio (as defined in the Merger Agreement), is 9,217,173, and such number shall only be reduced prior to the Effective Time of the Merger in accordance with Section 3.1(b)(x) of the Metavante Stock Purchase Right Agreement.
Subject Shares shall mean the Common Shares issuable pursuant to Section 3 hereof.
9
If to the Company, to it at:
Fidelity National
Information Services, Inc.
601 Riverside Ave.
Jacksonville, Florida 32204
Attention: Executive Vice President and General Counsel
Facsimile: (904) 357-1005
and
Fidelity National Information Services, Inc.
4050 Calle Real, Suite 210
Santa Barbara, CA 93110
Attention: Executive Vice President, Legal
Facsimile: (805) 696-7831
with a copy to (which shall not constitute notice):
Wachtell, Lipton, Rosen &
Katz
51 West 52nd Street
New York, New York 10019
Attention: Edward D. Herlihy, Esq.
Lawrence S. Makow, Esq.
Matthew M. Guest, Esq.
Facsimile: (212) 403-2000
If to Investor, to it at:
WPM, L.P.
c/o Warburg Pincus & Co.
466 Lexington Avenue
New York, New York 10017
Attention: James Neary
Facsimile: (212) 878-9351
with a copy to (which shall not constitute notice):
Willkie Farr &
Gallagher LLP
787 Seventh Avenue
10
New York, New York 10019
Attention: Steven J. Gartner, Esq.
Robert T. Langdon, Esq.
Facsimile: (212) 728-8111
If to Metavante, to it at:
Metavante Technologies, Inc.
4900 West Brown Deer Road
Milwaukee, Wisconsin 53223
Attention: Chief Executive Officer
Facsimile: (414) 362-1775
and
Metavante Technologies, Inc.
4900 West Brown Deer Road
Milwaukee, Wisconsin 53223
Attention: General Counsel
Facsimile: (414) 362-1775
with a copy to (which shall not constitute notice):
Kirkland & Ellis LLP
Citigroup Center
153 E. 53rd Street
New York, New York 10022
Attention: Stephen Fraidin, Esq.
Jeffrey Symons, Esq.
Facsimile: (212) 446-4900
and
Quarles & Brady LLP
411 E. Wisconsin Avenue
Milwaukee, WI 53202
Attention: Conrad G. Goodkind, Esq.
Walter J. Skipper, Esq.
Facsimile: (414) 978-8976
or to such other persons or addresses as may be designated in writing by the party to receive such notice as provided above.
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(b) Effective as of the date hereof, each of Metavante and Investor hereby agrees that Section 3.2(c) of the Metavante Stock Purchase Right Agreement be, and hereby is, amended and restated in its entirety as follows:
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(c) Effective as of the Effective Time, each of Metavante and Investor hereby agrees that the Metavante Stock Purchase Right Agreement shall be deemed terminated and be of no further force or effect.
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IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement by their authorized representatives as of the date first above written.
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FIDELITY NATIONAL INFORMATION SERVICES, INC. |
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By: |
/s/ Lee A. Kennedy |
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Name: Lee A. Kennedy |
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Title: President and Chief Executive Officer |
[SIGNATURE PAGE TO STOCK PURCHASE RIGHT AGREEMENT]
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WPM, L.P. |
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By: |
WPM GP, LLC, its general partner |
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By: |
/s/ James Neary |
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Name: James Neary |
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Title: Managing Director |
[SIGNATURE PAGE TO STOCK PURCHASE RIGHT AGREEMENT]
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METAVANTE TECHNOLOGIES, INC. |
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(Solely for the purpose of Sections 5.1, 5.8 and 5.10) |
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By: |
/s/ Donald W. Layden, Jr. |
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Name: Donald W. Layden, Jr. |
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Title: Senior Executive Vice President |
[SIGNATURE PAGE TO STOCK PURCHASE RIGHT AGREEMENT]
Exhibit A
Illustrative Example of the Computation of the Metavante Purchase Right pursuant to Section 3.3.
For illustrative purposes only and using the assumptions below, the Metavante Purchase Right would be exercisable by the Investor for 56 Common Shares (i.e., [1.35 * (1/3 * 200)] - (1/3 * 2,000/20)) at a per share purchase price of $0.01. Alternatively, the Metavante Purchase Right would be exercisable by the Investor for 90 Common Shares (i.e., 1.35 * (1/3 * 200)) for an aggregate purchase price of $666.66 (i.e., 1/3*$2,000).
Assumptions
(1) Closing Date: August 1, 2009.
(2) But for Section 5.10, Metavante would have delivered a Quarterly Notice for the quarterly period ended March 31, 2009 on April 15, 2009, which Quarterly Notice indicates 50 shares of Metavante common stock were issued upon exercise of options to acquire Metavante common stock during such quarter with an aggregate exercise price of $500.
(3) But for Section 5.10, Metavante would have delivered a Quarterly Notice for the quarterly period ended June 30, 2009 on July 15, 2009, which Quarterly Notice indicates 50 shares of Metavante common stock were issued upon exercise of options to acquire Metavante common stock during such quarter with an aggregate exercise price of $500.
(4) During the period beginning on July 1, 2009 through August 1, 2009, 100 shares of Metavante common stock were issued upon exercise of options to acquire Metavante common stock during such period with an aggregate exercise price of $1,000.
(5) Fair Market Value of a Share of Metavante common stock on the Closing Date: $20.
(6) Exchange Ratio: 1.35.
EXHIBIT 3
FIDELITY NATIONAL INFORMATION SERVICES, INC.
SHAREHOLDERS AGREEMENT
Dated as of March 31, 2009
Table of Contents
ARTICLE I.
BOARD RIGHTS
1.1. |
Investor Designee and Board Observer |
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1.2. |
Articles of Incorporation and By-laws |
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2 |
1.3. |
Termination of Article I |
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3 |
ARTICLE II.
REGISTRATION RIGHTS
2.1. |
Demand Registrations |
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3 |
2.2. |
Piggyback Registrations |
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5 |
2.3. |
Registration Procedures |
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6 |
2.4. |
Registration Expenses |
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9 |
2.5. |
Participation in Underwritten Registrations |
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9 |
2.6. |
Rule 144; Legended Securities; etc. |
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10 |
2.7. |
Holdback |
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10 |
ARTICLE III.
TRANSFER PROVISIONS
3.1. |
Investor Group Transfer Restrictions |
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11 |
3.2. |
Anti-Takeover Provisions |
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12 |
3.3. |
Buyout Transactions |
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12 |
ARTICLE IV.
INDEMNIFICATION
4.1. |
Indemnification |
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13 |
ARTICLE V.
DEFINITIONS
5.1. |
Defined Terms |
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15 |
5.2. |
Terms Generally |
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20 |
ARTICLE VI.
MISCELLANEOUS
6.1. |
Term |
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20 |
6.2. |
No Inconsistent Agreements |
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20 |
6.3. |
Legend |
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20 |
6.4. |
Amendments and Waivers |
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21 |
6.5. |
Successors and Assigns |
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21 |
6.6. |
Severability |
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21 |
6.7. |
Counterparts |
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22 |
6.8. |
Descriptive Headings |
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22 |
6.9. |
Governing Law |
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22 |
6.10. |
Consent to Jurisdiction |
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22 |
6.11. |
Waiver of Jury Trial |
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22 |
6.12. |
Enforcement; Attorneys Fees |
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22 |
6.13. |
No Third Party Beneficiaries |
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23 |
6.14. |
Notices |
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23 |
6.15. |
Entire Agreement |
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ii
SHAREHOLDERS AGREEMENT, dated as of March 31, 2009 (as it may be amended from time to time, this Agreement), by and among (i) Fidelity National Information Services, Inc., a Georgia corporation (the Company), (ii) WPM, L.P., a Delaware limited partnership (Investor), and (iii) any other Shareholder that may become a party to this Agreement after the date and pursuant to the terms hereof.
W I T N E S S E T H:
WHEREAS, concurrently with the execution of this Agreement, the Company, Cars Holdings, LLC, a Delaware limited liability company and direct, wholly owned subsidiary of the Company (Merger Sub), and Metavante Technologies, Inc., a Wisconsin corporation (Wisconsin) are entering into an Agreement and Plan of Merger (Merger Agreement), which provides, subject to Section 1.1 of the Merger Agreement, for the merger (the Merger) of Wisconsin with and into Merger Sub, pursuant to which all of the outstanding capital stock of Wisconsin will be converted into the right to receive shares of capital stock of the Company, as set forth in the Merger Agreement;
WHEREAS, as of the date hereof, Investor owns shares of common stock of Wisconsin and is a party to a Shareholders Agreement, dated as of November 1, 2007, between Wisconsin and Investor, as amended (the Shareholders Agreement), which Shareholders Agreement will, pursuant to the terms of the Support Agreement (as defined below), be terminated at the Effective Time (as defined in the Merger Agreement);
WHEREAS, as a condition to, among other things, Investors willingness to enter into and perform its obligations under that certain Support Agreement, dated as of the date hereof (the Support Agreement), among the Company, Merger Sub, Investor and Wisconsin, the Company has agreed to enter into this Agreement and the Stock Purchase Right Agreement; and
WHEREAS, each of the parties hereto wishes to set forth in this Agreement certain terms and conditions regarding the ownership of shares of Common Stock, including board rights and certain registration rights applicable to such shares and restrictions on the transfer of such shares.
NOW, THEREFORE, in consideration of the mutual agreements contained herein, the parties hereto hereby agree as follows:
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5
6
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10
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Acquiring Person has the meaning set forth in the definition of Change of Control; provided, however, that for purposes of Section 3.3, an Acquiring Person shall not include any Investor solely by reason of Investors taking or agreeing to take any action permitted under Section 3.3.
Affiliate means, with respect to any Person, (i) any Person directly or indirectly Controlling, Controlled by or under common Control with such Person or (ii) any officer, director, manager, general partner or trustee of any of the foregoing; provided, however, that for purposes of this Agreement the Company and any Person directly or indirectly Controlled by the Company shall not be deemed to be Affiliates of Investor or of the Investor Group.
Agreement has the meaning set forth in the preamble.
Applicable Date has the meaning set forth in Section 2.1(a).
Applicable Law means all applicable provisions of (i) constitutions, treaties, statutes, laws (including the common law), rules, regulations, ordinances, codes or orders of any Governmental Entity, (ii) any consents or approvals of any Governmental Entity, and (iii) any orders, decisions, injunctions, judgments, awards, decrees of or agreements with any Governmental Entity.
Approved Investor Designee means Adarsh Sarma or any member of the Executive Management Group of the Investor Group.
Beneficially Own with respect to any securities shall mean having beneficial ownership of such securities (as determined pursuant to Rule 13d-3 under the Exchange Act), including pursuant to any agreement, arrangement or understanding, whether or not in writing.
Board has the meaning set forth in Section 1.1(a).
Board Observer has the meaning set forth in Section 1.1(d).
Business Day means any day on which banks are not required or authorized to close in the City of New York.
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Buyout Transaction means a tender offer, merger, sale of all or substantially all the Companys assets or any similar transaction, except such a transaction that is proposed by or involves a member of the Investor Group or an Affiliate of any member of the Investor Group and has not been approved by the Board, that offers each holder of Voting Securities (other than, if applicable, the Person proposing such transaction) the opportunity to dispose of Voting Securities Beneficially Owned by each such holder for the same consideration or otherwise contemplates the acquisition of Voting Securities Beneficially Owned by each such holder for the same consideration.
Change of Control means the consummation of any transaction or series of related transactions involving (i) any purchase or acquisition (whether by way of merger, share exchange, consolidation, business combination or similar transaction or otherwise) by any Person or group (within the meaning of Section 13(d)(3) of the Exchange Act) (such other Person or group, an Acquiring Person), of any of (A) securities representing a majority of the outstanding voting power of the Company entitled to elect the Board, (B) the majority of the outstanding shares of common stock of the Company, or (C) all or substantially all of the assets of the Company and its Subsidiaries, taken together as a whole, (ii) any sale, lease, exchange, transfer, license or disposition of all or substantially all of the assets of the Company and its Subsidiaries, taken together as a whole, to an Acquiring Person or (iii) any merger, consolidation or business combination in which the holders of voting securities of the Company immediately prior to the transaction, as a group, do not hold securities representing a majority of the outstanding voting power entitled to elect the board of directors of surviving entity in such merger, consolidation or business combination.
Closing Date means that date of the effective time of the Merger pursuant to the terms of the Merger Agreement.
Commission means the Securities and Exchange Commission or any other federal agency administering the Securities Act.
Common Stock means the common stock, par value $0.01 per share, of the Company (i) into which the common stock of Wisconsin held by the Investor is converted at the Closing Date pursuant to the terms of the Merger Agreement and/or (ii) purchased by Investor pursuant to the exercise of the Purchase Rights and, in each case, any securities issued in respect thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification, recapitalization, merger, consolidation, exchange or other similar reorganization.
Company has the meaning set forth in the preamble.
Control means the power to direct the affairs of a Person by reason of ownership of Voting Securities, by contract or otherwise.
Covered Person has the meaning set forth in Section 4.1(a).
Demand Registration has the meaning set forth in Section 2.1(a).
Exchange Act means the Securities Exchange Act of 1934, as amended, or any similar federal statute and the rules and regulations thereunder, as in effect from time to time.
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Governmental Entity means any federal, state, local or foreign court, legislative, executive or regulatory authority or agency.
Holdback Period means, with respect to any registered offering covered by this Agreement, (i) ninety days after and during the ten days before, the effective date of the related Registration Statement or, in the case of a takedown from a shelf registration statement, ninety days after the date of the prospectus supplement filed with the Commission in connection with such takedown and during such prior period (not to exceed ten days) as the Company has given reasonable written notice to the holder of Registrable Securities or (ii) such shorter period as Investor, the Company and the underwriter of such offering, if any, shall agree.
Independent Director means an individual who, as a member of the Board following the Closing Date, would be independent of the Company under the rules of the NYSE or such other securities exchange on which the Common Stock is listed.
Investor has the meaning set forth in the preamble.
Investor Affiliate means an Affiliate of Investor other than any portfolio company (as such term is customarily used among institutional investors) of Investor or any Affiliate of Investor.
Investor Cessation Date has the meaning set forth in Section 6.1.
Investor Designee has the meaning set forth in Section 1.1(a).
Investor Fund shall mean Warburg Pincus Private Equity IX, L.P., a Delaware limited partnership, or any Successor Fund that Beneficially Owns Common Stock.
Investor Group means Investor, Investor Fund and any Investor Affiliate.
Investor Percentage Interest means the percentage obtained by dividing (i) the number of shares of Common Stock Beneficially Owned by the Investor Group by (ii) the number of shares of common stock, par value $0.01, of the Company (A) into which the common stock of Wisconsin held by the Investor is converted at the Closing Date pursuant to the terms of the Merger Agreement and (B) purchased by Investor pursuant to the exercise of the Purchase Rights and, in the case of each of (A) and (B), any securities issued in respect thereof, or in substitution therefor, in connection with any stock split, dividend or combination, or any reclassification, recapitalization, merger, consolidation, exchange or other similar reorganization.
Investor Permitted Transferee means each of (i) Investor Fund, (ii) an Investor Affiliate, (iii) the owners of Investor, including Beneficial Owners of any owners of Investor, in connection with any liquidation of, or a distribution with respect to equity interests owned in, Investor (including but not limited to any distributions by the owners of Investor to their Beneficial Owner) or (iv) any financial institution that acquires shares of Common Stock pursuant to Section 3.1(a)(iii).
Merger has the meaning set forth in the recitals.
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Merger Agreement has the meaning set forth in the recitals.
Merger Sub has the meaning set forth in the recitals.
NYSE means the New York Stock Exchange.
Person means an individual, a partnership, a joint venture, a corporation, a limited liability company, a trust, an unincorporated organization or a government or department or agency thereof.
Piggyback Registration has the meaning set forth in Section 2.2(a).
Public Offering means an offering of Common Stock pursuant to a Registration Statement filed in accordance with the Securities Act.
Purchase Rights means those certain purchase rights with respect to shares of Common Stock pursuant to the Stock Purchase Right Agreement.
Register, registered and registration refers to a registration effected by preparing and filing a Registration Statement in compliance with the Securities Act, and the declaration or ordering of the effectiveness of such Registration Statement, and compliance with applicable state securities laws of such states in which Shareholders notify the Company of their intention to offer Registrable Securities.
Registrable Securities means (i) all Common Stock, (ii) any other stock or securities that the Shareholders of the Common Stock may be entitled to receive, or will have received pursuant to such Shareholders ownership of the Common Stock, in lieu of or in addition to Common Stock, (iii) any shares of common stock, par value $0.01 per share, of the Company acquired by any Shareholder after the date the hereof; provided, that the shares of common stock of the Company described in this clause (iii) shall only be Registrable Securities until the earlier of (A) such time as the Investor is no longer considered an affiliate of the Company under Rule 144, or (B) such time as the Investor Percentage Interest is less than 20%, or (iv) any equity securities issued or issuable directly or indirectly with respect to the securities referred to in the foregoing clauses (i), (ii) or (iii) by way of conversion or exchange thereof or share dividend or share split or in connection with a combination of shares, recapitalization, reclassification, merger, amalgamation, arrangement, consolidation or other reorganization. As to any particular securities constituting Registrable Securities, such securities will cease to be Registrable Securities when (w) they have been effectively registered or qualified for sale by prospectus filed under the Securities Act and disposed of in accordance with the Registration Statement covering therein, (x) they have been sold to the public pursuant to Rule 144 or other exemption from registration under the Securities Act or (y) they have been acquired by the Company.
Registration Expenses has the meaning set forth in Section 2.4(a).
Registration Request has the meaning set forth in Section 2.1(a). The term Registration Request will also include, where appropriate, a Short-Form Registration request made pursuant to Section 2.1(c).
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Registration Statement means the prospectus and other documents filed with the Commission to effect a registration under the Securities Act.
Rule 144 means Rule 144 under the Securities Act or any successor or similar rule as may be enacted by the Commission from time to time, as in effect from time to time.
Rule 144A means Rule 144A under the Securities Act or any successor or similar rule as may be enacted by the Commission from time to time, as in effect from time to time.
Rule 415 means Rule 415 under the Securities Act or any successor or similar rule as may be enacted by the Commission from time to time, as in effect from time to time.
Securities Act means the Securities Act of 1933, as amended, or any similar federal statute and the rules and regulations thereunder, as in effect from time to time.
Selling Expenses means all underwriting discounts, selling commissions and transfer taxes applicable to the sale of Registrable Securities hereunder and any other Registration Expenses required by law to be paid by a selling Shareholder.
Shareholder means the Investor and any Investor Permitted Transferee who holds outstanding Registrable Securities and is or becomes a party to this Agreement.
Shareholders Agreement has the meaning set forth in the recitals.
Shareholders Counsel has the meaning set forth in Section 2.4(b).
Short-Form Registrations has the meaning set forth in Section 2.1(c).
Special Registration means the registration of (i) equity securities and/or options or other rights in respect thereof solely registered on Form S-4 or Form S-8 (or successor form) or (ii) shares of equity securities and/or options or other rights in respect thereof to be offered to directors, members of management, employees, consultants, customers, lenders or vendors of the Company or its direct or indirect subsidiaries or in connection with dividend reinvestment plans.
Stock Purchase Right Agreement means the Stock Purchase Right Agreement, dated as of the date hereof, among the Company, Wisconsin and Investor, as the same may be amended from time to time.
Successor Fund means one or more successor funds to the Investor Fund, each of which is Controlled by Warburg Pincus LLC and/or Warburg Pincus & Co. (or a Controlled Affiliate of one of such entities) and is managed by Warburg Pincus LLC or its Affiliates.
Support Agreement has the meaning set forth in the recitals.
Voting Securities means, at any time, shares of any class of equity securities of the Company, which are then entitled to vote generally in the election of directors.
Wisconsin has the meaning set forth in the recitals.
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THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A SHAREHOLDERS AGREEMENT (A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY). NO TRANSFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION OR OTHER DISPOSITION OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY BE MADE EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SUCH SHAREHOLDERS AGREEMENT AND (A) PURSUANT TO A REGISTRATION STATEMENT EFFECTIVE UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREUNDER. THE
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HOLDER OF THIS CERTIFICATE, BY ACCEPTANCE OF THIS CERTIFICATE, AGREES TO BE BOUND BY ALL OF THE PROVISIONS OF SUCH SHAREHOLDERS AGREEMENT.
As promptly as practical after the date immediately following the Applicable Date, and in any event no later than ten (10) days following the Applicable Date, the Company shall cause to have such legend removed from all certificates representing the shares of Common Stock held by each Shareholder.
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If to the Company, to it at:
Fidelity National Information Services, Inc.
601 Riverside Ave.
Jacksonville, Florida 32204
Attention: Executive Vice President and General Counsel
Facsimile: (904) 357-1005
and
Fidelity National Information Services, Inc.
4050 Calle Real, Suite 210
Santa Barbara, CA 93110
Attention: Executive Vice President, Legal
Facsimile: (805) 696-7831
with a copy to (which shall not constitute notice):
Wachtell, Lipton, Rosen & Katz
51 West 52nd Street
New York, New York 10019
Attention: Edward D. Herlihy, Esq.
Lawrence S. Makow, Esq.
Matthew M. Guest, Esq.
Facsimile: (212) 403-2000
If to Investor, to it at:
WPM, L.P.
c/o Warburg Pincus Private Equity IX, L.P.
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466 Lexington Avenue
New York, New York 10017
Attention: James Neary
Facsimile: (212) 878-9351
with a copy to (which shall not constitute notice):
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019
Attention: Steven J. Gartner, Esq.
Robert T. Langdon, Esq.
Facsimile: (212) 728-8111
If to any other Shareholder, to its address set forth on the signature page of such Shareholder to this Agreement with a copy (which shall not constitute notice) to any party so indicated thereon.
All notices and other communications hereunder shall be in writing and shall be deemed duly given (w) on the date of delivery if by personal delivery, (x) upon confirmation of receipt if delivered by facsimile, (y) on the first Business Day following the date of dispatch if delivered by a recognized next-day courier service (z) when received if delivered by certified or registered mail, return receipt requested, postage paid.
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IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement by their authorized representatives as of the date first above written.
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FIDELITY NATIONAL INFORMATION SERVICES, INC. |
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By: |
/s/ Lee A. Kennedy |
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Name: |
Lee A. Kennedy |
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Title: |
President and Chief Executive Officer |
[SIGNATURE PAGE TO SHAREHOLDERS AGREEMENT]
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WPM, L.P. |
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By: WPM GP, LLC, its general partner |
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By: |
/s/ James Neary |
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Name: |
James Neary |
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Title: |
Managing Director |
[SIGNATURE PAGE TO SHAREHOLDERS AGREEMENT]