Fidelity companies name new board members - Washington Business Journal:

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Lender Processing Services Inc.'s (NYSE: LPS) shareholders approvexd Marshall Haines andJames K. Hunt as directors on the board to servse a three year term untipMay 2012. Haines is a principal at TarrantPartners LP, a venture fund affiliatex with Texas Pacific Group. Hunt is CEO and chieft investment officer of THL CreditGroupo LP, a credit affiliate of Thomazs H. Lee Partners LP. Thomass H. Lee's affiliates were the equity investorr in the current acquisition of MetavanteTechnologies Inc. (NYSE: MV) by Fidelity Nationa InformationServices Inc. (NYSE: FIS). The investor has also been involvexd in other Fidelity family mergeresand acquisitions.
LPS' shareholders also approved its 2008 omnibusx incentive plan and its annual incentive which were approved last year by the shareholders of FIS befor thecompany spun-off LPS. "We had a very soli year in a year with a lot of in particular, in the mortgage said LPS' president, CEO and a director, Jeffrey The company had a 10 percent increased to $1.9 billion in revenue in 2008. Adjustesd pro forma net earningsincreased 4.3 percenf to $230.7 million during the same Carbiener said the consolidation of dominant lenders, such as Wellxs Fargo & Co. acquiring Wachoviw Corp., as well as new entrants like PennyMacv Mortgage, helped LPS' financial results in 2008.
The companyt also built more business from creating toolds and services to help financia institutions with the regulatory and loan modification Fidelity NationalFinancial Inc.'s shareholders approved Fran k P. Willey and Willie D. Davis to a threse year term on its boars endingin 2012. Both men servec as directors on the board after the oldFNF spin-offg in October 2005. Willey is also vice chairman of the company and was presidentr and vice chairman on the board of theformer FNF. Daviw is president and directorof All-Pro Broadcasting Inc.
, a California-based holdinf company that operates radio The title insurer (NYSE: FNF) had a net loss of $179 milliojn in 2008 compared with a net income of $130 milliobn the previous year. FNF's CEO Alan Stinsonh said the net lossof $12.4r million in the first quarter included severao one-time charges largely due to other "Without those, we would have been profitable," he Stinson said the company is in the process of reducintg its staff by 10 percent at Ceridian a human resource services provider that FNF acquiredx in 2007. The company had 8,7766 employees at the end of 2008.
FNF is also looking at ways to dispos of some of the propertied it has at CascadeTimberlands LLC, Stinson said. Fidelitty National Information Services' shareholders approved previous directorWilliam P. Foley, Thomas M. Hagerty and Keith W. Hughes for a three-year term untiol 2012; and Richard N. Masseyu for a two-year term until 2011. Foley is also executivre chairman of the board and held the same positionat LPS' boardd from May 2008 to March 2009. Hagerty is a managing directof ofThomas H. Lee Partners. Hughes is a consultant for domestic and international financial services institutiona and was previously vice chairman ofCitiGroup Inc.
Massey is a foundinv partner of private investment firm West RockCapitap LLC. FIS met and in many instanceds exceeded its guidancefor 2008. The companyy had an adjusted earnings per shareeof $1.49 in 2008 with an origina guidance of $1.44 to $1.50 per "It was an outstanding year by any measurement," said FIS presidengt and CEO Lee Kennedy. The acquisition of Metavants is also moving along and is expectexd to close in thethird quarter, Kennedgy said. "The combination of Metavantde and FIS will createthe world¹s largest and most comprehensivwe set of products and services to the financial industry," he said.
All threre companies approved KPMG LLP as the independentr registered public accounting firmfor 2009.