8-KRegulation FDExhibits & Filings

EQUIFAX INC 8-K Report, Regulation FD Disclosure (Dec 13, 2005)

Filed December 13, 2005For Securities:EFX

Summary

Equifax Inc. (EFX) filed a Current Report on Form 8-K on December 13, 2005, to provide clarity on certain unusual items impacting its 2005 and 2006 earnings per share. The report highlights the financial implications of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), previously disclosed executive compensation actions, and the company's upcoming adoption of SFAS 123R regarding share-based payments, effective January 1, 2006. This disclosure aims to provide investors with a clearer understanding of factors that may cause fluctuations in reported earnings for these fiscal years. By proactively addressing these items, Equifax intends to mitigate potential confusion and ensure transparent communication regarding its financial performance and accounting practices.

Key Highlights

  • 1Equifax is providing an update on unusual items affecting 2005 and 2006 earnings per share.
  • 2Key factors influencing EPS include the FACT Act, executive compensation, and the adoption of SFAS 123R.
  • 3The Fair and Accurate Credit Transactions Act of 2003 (FACT Act) will have an impact on the company's financial results.
  • 4Previously disclosed executive compensation actions are also noted as an influencer of earnings.
  • 5Equifax will adopt Statement of Financial Accounting Standards No. 123 (Revised 2004) (SFAS 123R) on January 1, 2006.
  • 6SFAS 123R relates to the accounting treatment of share-based payments.
  • 7This filing is made under Regulation FD to ensure broad dissemination of material information.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose and clarify certain unusual items that are expected to impact Equifax's earnings per share (EPS) for the fiscal years 2005 and 2006. This includes the effects of the FACT Act, executive compensation, and the adoption of SFAS 123R.

The main factors expected to affect Equifax's EPS are the Fair and Accurate Credit Transactions Act of 2003 (FACT Act), recent executive compensation actions, and the company's adoption of SFAS 123R concerning share-based payments starting January 1, 2006.

Equifax will adopt SFAS 123R, 'Share-Based Payment,' on January 1, 2006. This accounting standard requires companies to recognize the cost of employee stock options and other share-based awards in their financial statements.

No, the information contained in Exhibit 99.1 is being furnished and shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. It also won't be incorporated by reference into any Securities Act of 1933 filings unless expressly stated.