8-KShareholder MattersRegulation FDExhibits & Filings

EQUIFAX INC 8-K Report, Shareholder Vote Results (May 10, 2010)

Filed May 10, 2010For Securities:EFX

Summary

Equifax Inc. (EFX) held its annual shareholder meeting on May 7, 2010, where key corporate governance and operational matters were addressed. The meeting confirmed the election of four directors to the Board and ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2010. These votes demonstrate strong shareholder support for the current slate of directors and the company's chosen auditor. In addition to the meeting's formal business, Equifax announced a significant capital allocation decision via a press release: the Board of Directors authorized an additional $150 million for share repurchases. This expands an existing program and signals management's confidence in the company's financial health and its commitment to returning value to shareholders.

Key Highlights

  • 1Shareholders overwhelmingly re-elected four directors to one-year terms, indicating strong confidence in the current board's leadership.
  • 2Ernst & Young LLP was ratified as the independent registered public accounting firm for fiscal 2010 with substantial shareholder approval.
  • 3A quorum was present at the annual meeting, with 109,797,617 shares represented out of 126,249,327 outstanding.
  • 4The company's Board of Directors authorized an additional $150 million for common stock repurchases.
  • 5This new authorization is in addition to an unused $112.6 million authorization remaining under the existing share repurchase program as of March 31, 2010.
  • 6Share repurchases will be executed opportunistically through open market and privately negotiated transactions with no stated expiration date.
  • 7Director William W. Caufield announced his retirement from the Board of Directors, effective June 1, 2010.

Frequently Asked Questions

The primary outcomes were the election of four directors to the Board of Directors for one-year terms and the ratification of Ernst & Young LLP as the company's independent registered public accounting firm for fiscal year 2010. Both items received strong shareholder support.

The authorization of an additional $150 million for share repurchases signals management's confidence in the company's financial position and its commitment to enhancing shareholder value by reducing the number of outstanding shares.

As of May 7, 2010, Equifax had an unused authorization of approximately $112.6 million under its existing program. With the new $150 million authorization, the total available for repurchases could be significantly higher, depending on the pace of execution against the existing unused portion.

Yes, four directors were elected to new one-year terms. Additionally, William W. Caufield announced his retirement from the Board of Directors, effective June 1, 2010.