8-KOther Events

EQUIFAX INC 8-K Report (Jul 20, 2001)

Filed July 20, 2001For Securities:EFX

Summary

Equifax Inc. (EFX) filed a Form 8-K on July 20, 2001, to report the completion of its previously announced distribution of all shares of Certegy Inc. to Equifax shareholders. This significant event, which occurred on July 7, 2001, effectively separated Certegy into an independent, publicly traded company. Equifax shareholders received one share of Certegy common stock for every two shares of Equifax stock they held as of the record date. This distribution represents a strategic divestiture for Equifax, allowing the company to focus on its core businesses. The filing also details the resignation of several former Equifax officers and directors who have moved to leadership positions within Certegy, including its new President and CEO, Lee A. Kennedy. Equifax and Certegy have entered into various agreements to govern their post-distribution relationship, covering aspects like taxes, employee benefits, and data sharing. Investors should note that Certegy's common stock began regular-way trading on the NYSE under the symbol 'CEY' on July 9, 2001, while Equifax continues to trade as 'EFX'.

Key Highlights

  • 1Completion of the distribution of 100% of Certegy Inc. shares to Equifax shareholders on July 7, 2001.
  • 2Certegy Inc. is now an independent, publicly traded company on the NYSE under the symbol 'CEY'.
  • 3Equifax shareholders received one share of Certegy for every two shares of Equifax held as of the record date (June 27, 2001).
  • 4Key former Equifax executives, including Lee A. Kennedy, have transitioned to leadership roles at Certegy.
  • 5Equifax and Certegy have established agreements to manage their ongoing relationship and shared liabilities/assets.
  • 6The filing references related agreements (Distribution, Tax, Benefits, Data Purchase, Transition, IP, Leases) as exhibits.

Frequently Asked Questions

This Form 8-K filing reports the completion of Equifax Inc.'s distribution of its ownership in Certegy Inc. to Equifax shareholders. This means Certegy is now a separate, independent public company.

Equifax shareholders of record as of June 27, 2001, received one share of Certegy common stock for every two shares of Equifax common stock they owned. Cash was provided for fractional shares.

The separation of Certegy is a strategic move allowing Equifax to focus on its core business operations. Certegy will now operate as its own entity, listed on the New York Stock Exchange under the ticker symbol 'CEY'.

Yes, Equifax and Certegy have entered into several agreements that govern their relationship post-distribution. These agreements cover important areas such as tax sharing, employee benefits, data purchasing, transition support, intellectual property, and lease arrangements.