8-KCorporate ChangesExhibits & Filings

EQUIFAX INC 8-K Report, Bylaw Amendment (Sep 18, 2007)

Filed September 18, 2007For Securities:EFX

Summary

Equifax Inc. (EFX) filed a Form 8-K on September 18, 2007, reporting on amendments to its corporate bylaws, effective September 12, 2007. The primary purpose of these amendments was to update and restate the company's bylaws to align with current corporate practices and Georgia state law. These changes are largely technical and housekeeping in nature, aimed at clarifying existing provisions and ensuring compliance. For investors, the most relevant aspects involve the clarification of the Board of Directors' size range, updates to officer roles, and the addition of provisions for indemnification and emergency bylaws. The amendment also clarifies the company's authority to issue stock in uncertificated form and consolidates previous articles. While these changes do not represent a significant shift in the company's strategic direction or financial performance, they reflect ongoing corporate governance adjustments and operational alignment.

Key Highlights

  • 1Equifax Inc. amended and restated its corporate bylaws, effective September 12, 2007.
  • 2Bylaw changes align the number of directors with the range specified in the Articles of Incorporation (9 to 20).
  • 3A provision allowing directors to receive compensation for services outside their director role or employment was deleted.
  • 4Board committee structure and required elected officers were updated to reflect current company practices.
  • 5New sections were added regarding the timing and enforcement of director indemnification and advancement of expenses.
  • 6The bylaws were updated to clarify the authority to issue and transfer uncertificated shares.
  • 7Provisions for emergency bylaws were added for contingency planning.

Frequently Asked Questions

The main purpose of this filing is to report the amendments and restatement of Equifax Inc.'s corporate bylaws, which became effective on September 12, 2007. These changes are primarily to update the bylaws for legal compliance, clarity, and to reflect current corporate governance and operational practices.

The bylaws were updated to confirm the Board's size range (9 to 20 directors) as per the Articles of Incorporation. A key change is the deletion of a provision that allowed directors to receive compensation for services beyond their director or employee role, simplifying the compensation structure for directors.

The amendments clarify Equifax's authority to issue shares of stock in uncertificated form and to facilitate the transfer of such shares, in accordance with Georgia state law. This is a technical update to modernize the company's practices regarding stock administration.

Yes, a new section on indemnification was added. This clarifies the timing for payment of indemnification amounts and the advancement of expenses, as well as the enforcement of such rights for directors, enhancing their legal protections.