Fidelity National CEO 2008 Compensation Rose 1 Pct

IEVA M. AUGSTUMS

CHARLOTTE, N.C. (AP) — Fidelity National Information Services Inc.'s president and chief executive, Lee A. Kennedy, received compensation valued at roughly $10.1 million in 2008, up 1 percent from the previous year, according to an analysis of figures disclosed Wednesday in a regulatory filing.

Kennedy's base salary was $1.03 million in 2008, up 7 percent from the $958,333 he received in 2007. He received a performance-related cash bonus of $2.3 million in 2008, compared with the $989,176 he received in 2007.

His 2008 compensation also included stock options and restricted stock valued at $6.7 million on the day they were awarded. That was 17 percent less than the amount Kennedy received in 2007.

Kennedy also received other compensation of $87,165 in 2008, including items such as club dues, personal aircraft use and company contributions to retirement accounts. That was up 69 percent from the previous year.

In 2007, Kennedy's total pay package was valued at $10.03 million.

The Associated Press formula is designed to isolate the value the company's board placed on the executives total compensation package during the last fiscal year. It includes salary, bonus, performance-related bonuses, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year. The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission, which reflect the size of the accounting charge taken for the executives compensation in the previous fiscal year.