UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
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FIDELITY NATIONAL FINANCIAL, INC. | ||||
(Name of Registrant as Specified In Its Charter) | ||||
(Name of Person(s) Filing Proxy Statement, if other than the Registrant) | ||||
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On May 28, 2020, Fidelity National Financial, Inc. (“FNF” or the “Company”) and William P. Foley, II entered into a letter agreement (the “Letter Agreement”) amending the terms of Mr. Foley’s compensation as non-executive Chairman of the Board of FNF. Pursuant to the agreement, beginning June 1, 2020, Mr. Foley shall receive the following compensation for his service as non-executive Chairman:
• | A retainer of $50,000 per quarter. |
• | An annual equity award with a grant date fair value of $300,000, which shall be granted at the same time and shall be subject to the same terms and conditions as the annual equity awards granted to our other non-employee directors. |
• | Mr. Foley shall cease to participate in the Company’s equity portfolio incentive plan. |
The foregoing description is qualified in its entirety by reference to the Letter Agreement, which is filed as Exhibit 99.1 to the Company’s 8-K filed with the Securities and Exchange Commission on May 29, 2020.