8-KLeadership ChangesExhibits & Filings

EQUIFAX INC 8-K Report, Executive Changes (May 12, 2014)

Filed May 12, 2014For Securities:EFX

Summary

Equifax Inc. announced a significant leadership change on May 12, 2014, with the retirement of its long-serving Corporate Vice President and Chief Financial Officer, Lee Adrean. He will be succeeded by John W. Gamble, Jr., effective May 21, 2014. Mr. Gamble brings extensive financial leadership experience from his previous role as CFO at Lexmark International, Inc. This transition marks a shift in financial stewardship for Equifax. Investors should note Mr. Gamble's compensation package, which includes a substantial base salary, performance-based incentives, and significant equity awards (restricted stock units) totaling $4.9 million upon hire and an additional $1.3 million in long-term incentives. This package reflects the company's investment in experienced leadership for its financial operations.

Key Highlights

  • 1Lee Adrean, Chief Financial Officer since 2006, is retiring.
  • 2John W. Gamble, Jr. appointed as new Chief Financial Officer, effective May 21, 2014.
  • 3Mr. Gamble previously served as EVP and CFO of Lexmark International, Inc.
  • 4Mr. Gamble's annual base salary will be $600,000.
  • 5He is eligible for annual performance-based cash incentives with a target of 60% of base salary.
  • 6New hire grant of $4.9 million in restricted stock units (RSUs) vesting in three years.
  • 7Annual long-term equity incentive award with a target value of $1.3 million.

Frequently Asked Questions

Lee Adrean, who has served as Equifax's Corporate Vice President and Chief Financial Officer since 2006, is retiring. He will be succeeded by John W. Gamble, Jr., effective May 21, 2014.

Mr. Gamble, age 51, has significant financial leadership experience. He most recently served as Executive Vice President and Chief Financial Officer of Lexmark International, Inc. since September 2005.

Mr. Gamble will receive an annual base salary of $600,000, along with performance-based cash incentives targeting 60% of his base salary. Additionally, he will receive a new hire grant of $4.9 million in restricted stock units (RSUs) vesting in three years, and an annual long-term equity incentive award with a target value of $1.3 million.

As CFO, Mr. Gamble will be responsible for leading the Company’s worldwide finance organization, including controller, treasury, tax planning, accounting and reporting, internal audit, and investor relations functions.