Fidelity National Financial Inc.’s relocation from California in 2003 was a coup for Jacksonville, bringing a Fortune 500 headquarters office to the city.
However, a decade after Fidelity Chairman Bill Foley moved to Las Vegas to run his National Hockey League team, Las Vegas is becoming the center of much of the title insurance company’s activities.
Not only is the company conducting a lot of its business in Las Vegas, it is seeking to incorporate in Nevada.
At the company’s upcoming annual meeting, Fidelity is asking shareholders to approve a redomestication of the company from Delaware to Nevada.
Fidelity’s headquarters office remains in Jacksonville, and that won’t change if its incorporation moves to Nevada.
Delaware has long been the legal state of incorporation for many busines