8-KLeadership ChangesExhibits & Filings

EQUIFAX INC 8-K Report, Executive Changes (Feb 22, 2019)

Filed February 22, 2019For Securities:EFX

Summary

Equifax Inc. (EFX) announced a change to its Board of Directors with the election of Heather H. Wilson as an independent director, effective February 22, 2019. Ms. Wilson's appointment increases the Board size to ten directors, with nine now classified as independent, reinforcing the company's commitment to independent oversight. Her term will extend through the 2019 Annual Meeting of Shareholders, and she will contribute to the Board's Technology Committee. Ms. Wilson's compensation aligns with the company's established non-employee director program, which includes a $175,000 grant of restricted stock units vesting over three years. Her addition to the Board signifies a strategic move to enhance governance and leverage her expertise, particularly within the technology domain, as Equifax continues to navigate its post-data breach environment. The filing also confirms her independent status and absence of any reportable related-party transactions.

Key Highlights

  • 1Heather H. Wilson elected as an independent director to the Board of Directors.
  • 2Board size increased to ten directors.
  • 3Nine out of ten directors are now independent.
  • 4Ms. Wilson will serve on the Board's Technology Committee.
  • 5Ms. Wilson's initial compensation includes a $175,000 grant of restricted stock units vesting over three years.
  • 6The company confirmed Ms. Wilson meets NYSE and company independence requirements.
  • 7No reportable related-party transactions involving Ms. Wilson were disclosed.

Frequently Asked Questions

Heather H. Wilson has been elected as an independent director to Equifax's Board of Directors. She will serve a term until the 2019 Annual Meeting of Shareholders and will also be a member of the Board's Technology Committee.

Ms. Wilson's election increases the Board size to ten directors. Following her appointment, nine of the ten directors are classified as independent, enhancing the overall independence of the Board's oversight.

Ms. Wilson will be compensated according to Equifax's standard program for non-employee directors. This includes a one-time grant of restricted stock units valued at $175,000 on the grant date, which will vest over a three-year period.

The filing states that Ms. Wilson has been determined to be independent according to the New York Stock Exchange and Equifax's own guidelines. There are no disclosed related-party transactions that would require reporting under Regulation S-K.