8-KRegulation FD

EQUIFAX INC 8-K Report, Regulation FD Disclosure (Oct 4, 2005)

Filed October 4, 2005For Securities:EFX

Summary

Equifax Inc. (EFX) filed an 8-K on October 4, 2005, to disclose information pertaining to the employment agreement of Richard F. Smith as Chairman-Elect and Chief Executive Officer. The agreement, effective September 19, 2005, was previously summarized in a filing on August 25, 2005. This report specifically highlights the expected incremental financial impact of Mr. Smith's compensation and related expenses on the company's earnings per share for the third and fourth quarters of 2005. Investors should note that the company projects an incremental impact of approximately $0.03 per share on fully diluted earnings for the third quarter and $0.01 per share for the fourth quarter of 2005 due to this employment agreement. This disclosure is important for understanding potential short-term earnings fluctuations and the costs associated with new executive leadership. The filing also includes a standard signature block and legal disclaimers regarding forward-looking statements.

Key Highlights

  • 1Richard F. Smith appointed as Chairman-Elect and Chief Executive Officer, effective September 19, 2005.
  • 2An Employment Agreement was entered into with Richard F. Smith.
  • 3Previous summary of the Employment Agreement was filed in an 8-K on August 25, 2005.
  • 4Expected incremental impact on fully diluted earnings per share for Q3 2005 is approximately $0.03.
  • 5Expected incremental impact on fully diluted earnings per share for Q4 2005 is approximately $0.01.
  • 6The filing is made under Regulation FD Disclosure (Item 7.01).

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose the expected incremental impact of compensation and other expenses related to Richard F. Smith's Employment Agreement as Chairman-Elect and Chief Executive Officer on Equifax's fully diluted earnings per share for the third and fourth quarters of 2005.

Richard F. Smith is the newly appointed Chairman-Elect and Chief Executive Officer of Equifax Inc., with his role officially effective September 19, 2005.

Equifax expects the incremental impact of Mr. Smith's compensation and related expenses to reduce fully diluted earnings per share by approximately $0.03 in the third quarter of 2005 and $0.01 in the fourth quarter of 2005.

Yes, a brief summary of the material terms and conditions of Mr. Smith's Employment Agreement was previously filed with the company's Form 8-K on August 25, 2005. This filing incorporates that previous information by reference.