8-KLeadership ChangesExhibits & Filings

EQUIFAX INC 8-K Report, Executive Changes (Mar 21, 2018)

Filed March 21, 2018For Securities:EFX

Summary

Equifax Inc. (EFX) announced on March 21, 2018, a change in its Board of Directors, electing Robert W. Selander as an independent director. This appointment brings the Board's total to 12 members, all of whom are deemed independent according to New York Stock Exchange and the Company's guidelines. Mr. Selander's election is a strategic move to bolster the board's expertise and oversight, particularly relevant given the company's recent challenges and focus on rebuilding trust. Mr. Selander will receive compensation consistent with the company's existing non-employee director program, which includes a $175,000 grant of restricted stock units vesting over three years, and will enter into the standard director indemnification agreement. This appointment is effective immediately, with his term set to expire at the 2018 Annual Meeting of Shareholders. Investors should view this as a step towards strengthening corporate governance.

Key Highlights

  • 1Equifax appointed Robert W. Selander as an independent director to its Board.
  • 2The Board of Directors now comprises 12 members, all meeting independence requirements.
  • 3Mr. Selander's appointment is effective as of March 21, 2018, with his term expiring at the 2018 Annual Meeting of Shareholders.
  • 4The newly elected director will receive compensation under the company's standard non-employee director program.
  • 5His compensation includes a one-time initial grant of restricted stock units valued at $175,000, vesting over three years.
  • 6Mr. Selander will also enter into the company's standard director indemnification agreement.
  • 7The company attached a press release announcing the appointment as an exhibit.

Frequently Asked Questions

Equifax elected Robert W. Selander as an independent director to strengthen its Board of Directors. This move is aimed at enhancing oversight and corporate governance, especially in light of recent company events and the ongoing commitment to rebuilding trust with consumers and investors.

Yes, the Board of Directors has determined that Mr. Selander is independent and meets all applicable independence requirements set by the New York Stock Exchange and Equifax's own Guidelines for Determining the Independence of Directors.

Mr. Selander will be compensated according to Equifax's established program for non-employee directors. This includes a $175,000 grant of restricted stock units that will vest over three years, and he will enter into the standard director indemnification agreement.

With the election of Mr. Selander, the size of Equifax's Board of Directors is now 12 members.