FICO 8-K Current Reports
FAIR ISAAC CORP - 232 current reports
FAIR ISAAC CORP 8-K Report, Financial Results (Jul 29, 2026)
Fair Isaac Corporation (FICO) has filed an 8-K report on July 29, 2026, to announce its financial results for the quarter ended June 30, 2026. The core of this filing is the press release, furnished as Exhibit 99.1, which contains the specific operational and financial performance details for the period. Investors should refer to this press release for comprehensive information regarding the company's revenue, profitability, and other key financial metrics. While the 8-K itself is brief and primarily serves as a notification and repository for the press release, the press release is expected to detail FICO's performance against expectations, potentially including updates on its various business segments, customer growth, and any significant strategic developments. Investors are advised to carefully review Exhibit 99.1 for a thorough understanding of FICO's financial health and outlook for the remainder of the fiscal year.
FAIR ISAAC CORP 8-K Report, Material Agreement (Jun 8, 2026)
Fair Isaac Corporation (FICO) has announced a significant financial maneuver through an 8-K filing on June 8, 2026. The company entered into a First Amendment to its existing Credit Agreement, securing a $1.5 billion unsecured incremental term loan. This new loan matures on May 15, 2028, and the proceeds were immediately utilized for an accelerated share repurchase (ASR) program, underscoring a strategic decision to return capital to shareholders. The company also announced a new, broader stock repurchase program valued at up to $2.0 billion, replacing its previous authorization. This move signals FICO's confidence in its financial position and its commitment to enhancing shareholder value. The ASR for $1.5 billion is expected to be completed by September 30, 2026, with an initial delivery of shares already received. The financing for this repurchase is secured through the newly acquired term loan. Investors should note the substantial capital deployment towards share buybacks, which could positively impact earnings per share, and the increased leverage from the new debt facility.
FAIR ISAAC CORP 8-K Report, Financial Results (Apr 28, 2026)
Fair Isaac Corporation (FICO) has filed an 8-K report on April 28, 2026, to disclose its financial results for the quarter ended March 31, 2026. The primary focus of this filing is the incorporation by reference of the company's earnings press release, furnished as Exhibit 99.1. Investors should review this press release for detailed financial performance, operational updates, and forward-looking statements made by FICO for the specified period. While the 8-K itself is brief, it signals that FICO has communicated its quarterly performance to the market. The press release will likely contain key metrics such as revenue, earnings per share (EPS), profitability, and any significant business developments or segment performance. Investors should pay close attention to guidance updates and management's commentary on market conditions and strategic initiatives that could impact future results.
FAIR ISAAC CORP 8-K Report, Material Agreement (Mar 20, 2026)
Fair Isaac Corporation (FICO) announced on March 20, 2026, the successful closing of a $1.0 billion private offering of 6.250% Senior Notes due 2034. The primary purpose of this offering is to refinance existing debt, including the repayment of certain indebtedness under its credit agreement and the full redemption of $400 million of its 5.25% Senior Notes due 2026. A portion of the proceeds may also be used for general corporate purposes, potentially including stock repurchases. These new senior notes are unsecured obligations of FICO, with future significant domestic subsidiaries expected to provide guarantees. The notes carry a semi-annual interest payment schedule and mature in 2034. The indenture governing these notes includes covenants that restrict certain corporate actions such as asset sales, mergers, and incurring subsidiary debt, and also outlines provisions for accelerated repurchase by the company in the event of a change of control that impacts the notes' investment grade rating.
FAIR ISAAC CORP 8-K Report, Corporate Update (Mar 11, 2026)
Fair Isaac Corporation (FICO) announced on March 11, 2026, the commencement of a private offering for $1.0 billion in aggregate principal amount of Senior Notes due 2034. This offering is being conducted in accordance with Rule 135(c) of the Securities Act, meaning it is not an offer to sell or a solicitation to buy securities. The company intends to strategically utilize the net proceeds to strengthen its financial position. A significant portion of the proceeds will be allocated to repaying existing debt under its credit agreement and to fully redeem its outstanding $400 million of 5.25% Senior Notes due 2026, originally issued in 2018. The remaining funds will cover associated fees, expenses, and general corporate purposes, which could include common stock repurchases. This strategic financial maneuver aims to optimize the company's debt structure and potentially enhance shareholder value.
FAIR ISAAC CORP 8-K Report, Corporate Update (Mar 11, 2026)
Fair Isaac Corporation (FICO) announced on March 11, 2026, the pricing of a private offering of $1.0 billion in aggregate principal amount of Senior Notes due 2034. This offering is aimed at eligible purchasers and is being made in accordance with Rule 135(c) of the Securities Act, meaning it's an announcement of pricing and not an offer to sell securities. The primary use of the net proceeds from this debt issuance is to refinance existing debt. Specifically, FICO plans to repay outstanding balances under its Third Amended and Restated Credit Agreement, and crucially, to redeem in full its $400 million of 5.25% Senior Notes due 2026. The remaining funds will cover associated fees, expenses, and general corporate purposes, which may include common stock repurchases. This move signals a proactive approach to managing the company's capital structure and optimizing its debt maturity profile.
FAIR ISAAC CORP 8-K Report, Bylaw Amendment (Mar 5, 2026)
Fair Isaac Corporation (FICO) filed an 8-K on March 5, 2026, detailing outcomes from its March 4, 2026, Annual Meeting of Stockholders. Key among these was the approval of amendments to the Company's Restated Certificate of Incorporation. These amendments include provisions for exculpating officers as permitted by Delaware law and the elimination of a supermajority voting requirement (66-2/3%) for amending Article 6 of the charter. These changes are effective as of March 4, 2026, upon filing with the Delaware Secretary of State. In addition to the charter amendments, stockholders also re-elected all Board of Directors' nominees and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026. An advisory vote on executive compensation also passed. The filing provides specific vote counts for each proposal, indicating strong stockholder support for the board's slate of directors, the auditor ratification, and the charter amendments, with a significant majority voting in favor of these measures. The approved charter amendments aim to enhance corporate governance and streamline certain decision-making processes.
FAIR ISAAC CORP 8-K Report, Financial Results (Jan 28, 2026)
Fair Isaac Corporation (FICO) has filed an 8-K report on January 28, 2026, to disclose its financial results for the quarter ended December 31, 2025. The core of this filing is the press release furnished as Exhibit 99.1, which contains the detailed financial performance for the period. Investors should review this press release to understand FICO's revenue, profitability, and any forward-looking guidance provided by the company. While the 8-K itself is brief, it serves as the official notification of the release of these results. The press release will be crucial for assessing the company's operational health and its ability to meet or exceed market expectations. Key metrics such as earnings per share (EPS), revenue growth, and segment performance are expected to be detailed within the press release, offering insights into FICO's business trajectory.
FAIR ISAAC CORP 8-K Report, Financial Results (Nov 5, 2025)
Fair Isaac Corporation (FICO) filed an 8-K on November 5, 2025, to report its financial results for the quarter ended September 30, 2025. The primary information investors need is contained within the press release furnished as Exhibit 99.1, which is incorporated by reference. This filing indicates that FICO has officially disclosed its performance for the most recent fiscal quarter. While the 8-K itself is brief, the attached press release will contain the detailed financial metrics, including revenue, earnings per share, and other key performance indicators. Investors should review Exhibit 99.1 for specifics on FICO's operational and financial condition during the September 2025 quarter to assess trends, profitability, and overall business health.
FAIR ISAAC CORP 8-K Report, Executive Changes (Aug 28, 2025)
Fair Isaac Corporation (FICO) announced the retirement of James Wehmann, President of Scores, effective September 5, 2025. Mr. Wehmann, a long-serving executive since 2012, is retiring to focus on personal pursuits and family. This transition means the Scores business unit will now report directly to CEO William Lansing. While the departure of a key executive can sometimes signal changes, FICO's management, through CEO William Lansing's statement, expressed confidence in the stability and strength of the Scores business. Investors should monitor how the direct oversight by the CEO impacts strategic direction and operational execution within this critical segment of FICO's operations. The company has emphasized that the business is on "solid footing," suggesting a smooth transition is anticipated.
FAIR ISAAC CORP 8-K Report, Financial Results (Jul 30, 2025)
Fair Isaac Corporation (FICO) filed an 8-K on July 30, 2025, to report its financial results for the quarter ended June 30, 2025. The primary purpose of this filing is to provide investors with the company's performance update. The details of these results are presented in a press release, furnished as Exhibit 99.1 and incorporated by reference into the report. Investors should review this press release for specific financial metrics, revenue figures, profitability, and any forward-looking guidance issued by FICO. While the 8-K itself is a procedural filing, the accompanying press release is the crucial document for understanding FICO's operational and financial condition during the reported quarter. This information is vital for assessing the company's current standing and future prospects, enabling investors to make informed decisions. The filing also includes the interactive data file for enhanced analysis.
FAIR ISAAC CORP 8-K Report, Material Agreement (May 13, 2025)
Fair Isaac Corporation (FICO) has announced significant financing activities through an 8-K filing on May 13, 2025. The company has entered into a Third Amended and Restated Credit Agreement, establishing a new $1.0 billion unsecured revolving credit facility with a five-year term. This facility will support general corporate purposes, including working capital, potential acquisitions, and stock repurchases, while also refinancing existing debt. Concurrently, FICO successfully closed a private offering of $1.5 billion in 6.000% Senior Notes due 2033. The proceeds from this note issuance are earmarked for repaying existing credit facilities and term loans, alongside associated fees and general corporate needs. These actions demonstrate FICO's strategic financial management to optimize its capital structure and provide flexibility for future growth and operational requirements.
FAIR ISAAC CORP 8-K Report, Regulation FD Disclosure (May 8, 2025)
Fair Isaac Corporation (FICO) has announced a significant refinancing initiative through a proposed amendment and restatement of its credit agreement, aiming to establish a new $1.0 billion unsecured revolving credit facility maturing in 2030. This "New Revolver" is intended for general corporate purposes, including working capital, acquisitions, and potential stock repurchases, and will also facilitate the refinancing of existing debt. Concurrently, FICO has commenced a private offering for $1.5 billion in Senior Notes due 2033, with the proceeds intended to, among other things, repay outstanding indebtedness under its existing credit agreement. Investors should note that the new credit facility and the senior notes offering are subject to market conditions and the successful negotiation and execution of definitive agreements. While the new revolving credit facility may offer more flexibility by not including a minimum interest coverage ratio, it will retain substantially similar restrictive covenants to the existing agreement. The company is also providing the option to increase the New Revolver or add incremental term loans under specific leverage ratio conditions. The success of these financing activities is crucial for FICO's ongoing financial flexibility and strategic capital management.
FAIR ISAAC CORP 8-K Report, Financial Results (Apr 29, 2025)
Fair Isaac Corporation (FICO) has filed an 8-K report on April 29, 2025, to disclose its financial results for the quarter ended March 31, 2025. The core of this filing is the press release (Exhibit 99.1), which contains the specific operational and financial performance details that investors should scrutinize. While the 8-K itself doesn't provide the raw numbers, it directs stakeholders to the furnished press release for this crucial information. Investors should carefully review the press release to understand FICO's revenue growth, profitability metrics, any changes in guidance, and key operational achievements during the most recent quarter. Understanding these details is essential for assessing the company's current financial health and its future prospects, as well as for making informed investment decisions.
FAIR ISAAC CORP 8-K Report, Shareholder Vote Results (Mar 6, 2025)
Fair Isaac Corporation (FICO) has filed an 8-K report detailing the results of its 2025 Annual Meeting of Stockholders held on March 5, 2025. The meeting saw a strong turnout, with over 21.89 million shares, representing a significant portion of the total voting power, represented in person or by proxy. Key outcomes include the overwhelmingly favorable election of all Board of Directors' nominees, demonstrating continued stockholder confidence in the company's leadership. Additionally, the stockholders approved, on an advisory basis, the compensation of the named executive officers, indicating general satisfaction with the company's executive pay structure. The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2025 was also ratified by a substantial majority of votes. These results suggest a stable and supportive stockholder base for FICO's governance and financial oversight.
FAIR ISAAC CORP 8-K Report, Financial Results (Feb 4, 2025)
Fair Isaac Corporation (FICO) has filed an 8-K report on February 4, 2025, to announce its financial results for the quarter ended December 31, 2024. The core of this filing is the press release furnished as Exhibit 99.1, which contains the detailed financial performance and operational updates for the period. Investors should refer to this press release for specific figures related to revenue, profitability, and any forward-looking guidance or commentary provided by the company. While the 8-K itself is brief, it serves as the official notification of the earnings release. The press release will likely offer insights into FICO's performance drivers, such as the adoption of its credit scoring and decision management solutions, and any significant trends impacting its business segments. Investors are encouraged to review Exhibit 99.1 thoroughly to understand the company's current financial health and strategic outlook.
FAIR ISAAC CORP 8-K Report, Financial Results (Nov 6, 2024)
Fair Isaac Corporation (FICO) filed an 8-K on November 6, 2024, primarily to report its financial results for the quarter ended September 30, 2024. The key information for investors is contained within the press release furnished as Exhibit 99.1, which details the company's operational and financial performance during the period. While the 8-K itself does not provide the specific financial metrics, it serves as the official notification to the market of the release of these results. Investors should refer to the accompanying press release for details on revenue, profitability, earnings per share, and any forward-looking guidance provided by FICO for the upcoming periods. This filing is crucial for understanding the company's recent performance and its outlook.
FAIR ISAAC CORP 8-K Report, Financial Results (Jul 31, 2024)
Fair Isaac Corporation (FICO) filed an 8-K on July 31, 2024, to report its financial results for the quarter ended June 30, 2024. The primary purpose of this filing is to furnish the company's earnings press release, which contains detailed financial performance information. Investors should refer to Exhibit 99.1, the press release itself, for the comprehensive breakdown of the company's operational and financial condition during the reported quarter. This 8-K serves as an official notification of these results and incorporates the press release by reference. While the 8-K itself is brief and primarily directs readers to the press release for specific financial figures, it signals the conclusion of the reporting period and the availability of FICO's latest performance metrics. Investors can expect to find information on revenue, profitability, segment performance, and forward-looking guidance within the furnished press release, which is crucial for assessing the company's current standing and future prospects.
FAIR ISAAC CORP 8-K Report, Material Agreement (Jun 14, 2024)
Fair Isaac Corporation (FICO) announced an amendment to its existing credit agreement, specifically entering into a Third Amendment on June 13, 2024. This amendment introduces a new unsecured incremental term loan of $450 million, referred to as the Incremental Term A-1 Loan, which will mature on August 19, 2026. This new loan facility is in addition to the Company's existing $600 million revolving loan facility and $300 million initial term loan. The terms of this new loan are largely consistent with the existing credit agreement, including no scheduled principal repayments before maturity and the option for prepayment without penalty. The interest rate structure is variable and depends on the Company's total leverage ratio.
FAIR ISAAC CORP 8-K Report, Financial Results (Apr 25, 2024)
Fair Isaac Corporation (FICO) has filed an 8-K report on April 25, 2024, to announce its financial results for the quarter ended March 31, 2024. The core of this filing is the accompanying press release (Exhibit 99.1), which provides the detailed financial performance and operational updates for the period. Investors should refer to this press release for specific figures related to revenue, profitability, and any forward-looking guidance. While the 8-K itself is brief, its purpose is to formally incorporate the press release into the company's SEC filings. This ensures that the information disclosed in the press release is publicly available and subject to regulatory oversight. Investors looking to assess FICO's performance and future outlook will need to examine the unaudited financial statements and management's discussion and analysis within the press release.
FAIR ISAAC CORP 8-K Report, Shareholder Vote Results (Feb 16, 2024)
Fair Isaac Corporation (FICO) filed an 8-K on February 16, 2024, detailing the results of its 2024 Annual Meeting of Stockholders held on February 14, 2024. The meeting saw a strong turnout with over 22.5 million shares represented out of nearly 24.8 million entitled to vote. The primary outcomes include the overwhelming election of all nine director nominees and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2024. While the election of directors and auditor ratification passed with substantial support, investors should note the advisory vote on named executive officer compensation. This proposal received a split vote, with 'For' votes only slightly outnumbering 'Against' votes (12,279,712 for vs. 8,717,432 against). This outcome may warrant further attention from investors regarding executive compensation practices and their alignment with shareholder interests.
FAIR ISAAC CORP 8-K Report, Financial Results (Jan 25, 2024)
Fair Isaac Corporation (FICO) filed an 8-K on January 25, 2024, to report its financial results for the quarter ended December 31, 2023. While the filing itself is brief and primarily serves to incorporate the company's press release by reference, it signals the release of key performance and financial data. Investors should refer to the furnished Exhibit 99.1, the press release dated January 25, 2024, for the specific details of FICO's performance during the quarter, including revenue, earnings, and any forward-looking guidance provided by management. The significance of this filing lies in its role as the official notification of FICO's latest financial disclosures. As a company whose business is deeply tied to credit scoring and decision management, its quarterly results are closely watched by investors and industry participants for trends in credit markets, adoption of its solutions, and overall business health. The press release will contain the substantive information investors need to assess FICO's trajectory and make informed investment decisions.
FAIR ISAAC CORP 8-K Report, Financial Results (Nov 8, 2023)
Fair Isaac Corporation (FICO) filed an 8-K on November 8, 2023, primarily reporting on their financial results for the fiscal fourth quarter and full year ended September 30, 2023, and providing guidance for fiscal year 2024. The company reported strong financial performance, exceeding expectations for revenue and adjusted earnings per share (EPS) for both the quarter and the full year. This performance was driven by continued strength in their software segment, particularly within their FICO Score and related analytics solutions, reflecting sustained demand for credit risk assessment and management tools. The company also announced its 2024 financial outlook, projecting continued revenue and EPS growth, signaling confidence in its future business trajectory and market position. Investors should note the reaffirmation of FICO's strategic priorities and its commitment to shareholder value, as evidenced by ongoing capital allocation strategies.
FAIR ISAAC CORP 8-K Report, Executive Changes (Nov 8, 2023)
Fair Isaac Corporation (FICO) has announced a leadership transition concerning Stephanie Covert, Executive Vice President, Software. Ms. Covert is transitioning from her executive role effective November 2, 2023, but will remain with the company in a non-executive capacity as Vice President, Software Technology until December 31, 2023. This transition involves a new Letter Agreement outlining her compensation and benefits during this period, as well as severance arrangements upon her departure.
FAIR ISAAC CORP 8-K Report, Executive Changes (Aug 24, 2023)
Fair Isaac Corporation (FICO) announced a significant change in its Board of Directors with the election of Henry Tayloe Stansbury as an independent director, effective August 22, 2023. This appointment increases the Board's size from eight to nine members and is intended to fill a vacancy. Mr. Stansbury brings a wealth of experience, having previously served as CEO of Kaleidescape, Inc., interim CEO of Watermark Insights, LLC, and in various senior roles at Intuit Inc., including Executive Vice President and Chief Technology Officer. His background in technology and executive leadership is expected to be a valuable asset to FICO's strategic direction. Mr. Stansbury will also join the Audit Committee, a critical function for corporate governance and financial oversight. His compensation will follow the standard program for non-employee directors, which includes a grant of non-qualified stock options and restricted stock units. This equity award, valued at $460,000, will vest over three years, aligning his interests with those of long-term shareholders. The filing also confirms no undisclosed arrangements or related party transactions involving Mr. Stansbury, ensuring a clean onboarding to the Board.
FAIR ISAAC CORP 8-K Report, Financial Results (Aug 2, 2023)
Fair Isaac Corporation (FICO) filed an 8-K on August 2, 2023, to report its financial results for the quarter ended June 30, 2023. The core of this filing is the press release furnished as Exhibit 99.1, which provides the detailed financial performance for the period. Investors should refer to this press release for specific metrics on revenue, earnings, profitability, and any forward-looking guidance provided by the company. While the 8-K itself is a notification of the release, the actual substance for analysis lies within the accompanying press release. This filing serves as the official channel for disseminating FICO's latest financial operational status and condition to the public and the market, ensuring transparency and timely information for investors.
FAIR ISAAC CORP 8-K Report, Executive Changes (Jun 7, 2023)
Fair Isaac Corporation (FICO) announced on June 7, 2023, that its Leadership Development and Compensation Committee granted a special performance-based retention award valued at approximately $30 million to CEO William J. Lansing. This award is structured as 50% Market Share Units (MSUs) and 50% non-qualified stock options, designed to ensure Mr. Lansing's continued leadership over the next five years as the company executes its strategic growth initiatives. The rationale behind this significant award highlights Mr. Lansing's instrumental role in FICO's transformative growth since 2012, evidenced by the company's superior total shareholder return (TSR) performance relative to the Russell 3000 Index, placing it in the 99th percentile. The Committee views his retention as critical for maintaining business vision, strategic execution, and leadership continuity.
FAIR ISAAC CORP 8-K Report, Executive Changes (May 15, 2023)
Fair Isaac Corporation (FICO) has officially appointed Steven P. Weber as its Executive Vice President and Chief Financial Officer (CFO), effective May 15, 2023. Mr. Weber, who has been with FICO since 2003 and most recently served as Interim CFO, brings extensive financial experience to the permanent role. This appointment provides executive leadership stability in a critical financial function. The company has entered into a Letter Agreement and a Management Agreement with Mr. Weber, outlining his compensation, responsibilities, and terms of employment through December 31, 2026, with provisions for automatic extensions. These agreements detail his base salary, incentive award opportunities, and severance benefits in specific termination scenarios, including those related to a change of control. Additionally, Mr. Weber received a significant restricted stock unit grant as part of this promotion, aligning his interests with long-term shareholder value.
FAIR ISAAC CORP 8-K Report, Financial Results (Apr 27, 2023)
Fair Isaac Corporation (FICO) filed an 8-K on April 27, 2023, primarily to report its financial results for the quarter ended March 31, 2023. The key information for investors is contained within the press release furnished as Exhibit 99.1, which is incorporated by reference. This filing serves as the official notification of the company's performance during the specified period. Investors should refer to the press release (Exhibit 99.1) for detailed financial figures, including revenue, earnings per share, and any forward-looking guidance provided by the company. While the 8-K itself does not contain the numerical data, it directs stakeholders to the primary source of this information, enabling them to assess the company's operational and financial health.
FAIR ISAAC CORP 8-K Report, Shareholder Vote Results (Mar 2, 2023)
Fair Isaac Corporation (FICO) filed an 8-K on March 2, 2023, detailing the results of its 2023 Annual Meeting of Stockholders held on March 1, 2023. The report indicates strong support from shareholders for the company's slate of director nominees, with all candidates receiving a significant majority of the votes cast. Additionally, shareholders provided advisory approval for the compensation of named executive officers and overwhelmingly favored holding this advisory vote on an annual basis. This demonstrates continued confidence in the board's leadership and the company's executive compensation strategy. The ratification of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal 2023 also received broad shareholder approval. Overall, the meeting results suggest a stable governance environment and alignment between management and its shareholders on key corporate matters.
FAIR ISAAC CORP 8-K Report, Financial Results (Jan 26, 2023)
Fair Isaac Corporation (FICO) filed an 8-K on January 26, 2023, primarily to report its financial results for the first quarter of fiscal year 2023. The company's performance indicated continued strength in its core business segments, demonstrating resilience and growth. Investors should note the company's focus on recurring revenue models and the ongoing demand for its data analytics and decision management solutions across various industries. The report signifies FICO's commitment to transparency and providing timely updates on its financial standing.
FAIR ISAAC CORP 8-K Report, Executive Changes (Jan 9, 2023)
Fair Isaac Corporation (FICO) announced a leadership change in its finance department via an 8-K filing on January 9, 2023. The current Chief Financial Officer, Michael I. McLaughlin, will be departing the company on January 13, 2023, to pursue a new professional opportunity. This departure marks the end of his tenure at FICO, and the company has provided a specific effective date for his resignation.
FAIR ISAAC CORP 8-K Report, Financial Results (Nov 9, 2022)
Fair Isaac Corporation (FICO) filed an 8-K on November 9, 2022, to report its financial results for the quarter ended September 30, 2022. The filing primarily references the accompanying press release (Exhibit 99.1) for the detailed financial outcomes. Investors should refer to this press release for specifics on revenue, profitability, earnings per share, and any forward-looking guidance provided by the company for the upcoming periods. While the 8-K itself is brief and incorporates the press release by reference, the core information investors need to assess FICO's performance and outlook is contained within that exhibit. Key aspects to scrutinize will include year-over-year growth, performance against analyst expectations, and any management commentary on market conditions or strategic initiatives that might impact future results.
FAIR ISAAC CORP 8-K Report, Financial Results (Aug 3, 2022)
Fair Isaac Corporation (FICO) filed an 8-K on August 3, 2022, to report its financial results for the quarter ended June 30, 2022. The core of this filing is the press release (Exhibit 99.1) which contains the detailed financial performance for the period. Investors should review this press release for specific revenue, profit, and earnings per share figures, as well as any forward-looking guidance or commentary provided by management regarding the company's outlook. This 8-K serves as the official notification of FICO's quarterly performance. While the filing itself is brief, it directs investors to the furnished press release for the comprehensive financial details. Key information to extract includes any changes in business segment performance, customer acquisition or retention trends, and the impact of macroeconomic factors on FICO's operations and its clients.
FAIR ISAAC CORP 8-K Report, Financial Results (Apr 27, 2022)
Fair Isaac Corporation (FICO) reported its financial results for the quarter ended March 31, 2022, in an 8-K filing on April 27, 2022. The primary purpose of this filing is to provide investors with the company's latest performance figures, which are detailed in the accompanying press release furnished as Exhibit 99.1. Investors should review this press release for specific details regarding revenue, profitability, and any forward-looking statements made by the company for the period.
FAIR ISAAC CORP 8-K Report, Shareholder Vote Results (Mar 2, 2022)
Fair Isaac Corporation (FICO) filed an 8-K on March 2, 2022, reporting the results of its 2022 Annual Meeting of Stockholders held on March 1, 2022. The meeting saw strong participation, with over 23.9 million shares represented out of approximately 26.6 million entitled to vote. Key outcomes included the overwhelming election of all director nominees and the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2022. These outcomes suggest continued stockholder confidence in the company's board and financial oversight. Furthermore, the stockholders provided advisory approval for the company's named executive officer compensation. While the vote was approved, the 'Against' and 'Abstain' categories showed a notable percentage of dissent or abstention compared to the director elections and auditor ratification. Investors should monitor any commentary from the company or proxy advisors regarding this compensation vote for potential insights into executive pay structure satisfaction.
FAIR ISAAC CORP 8-K Report, Financial Results (Jan 27, 2022)
Fair Isaac Corporation (FICO) filed an 8-K on January 27, 2022, to report its financial results for the quarter ended December 31, 2021. The core of the filing is the accompanying press release, furnished as Exhibit 99.1, which provides the details of the company's performance. Investors should review this press release for specific financial metrics, revenue figures, profitability, and any forward-looking guidance issued by FICO for the upcoming periods. This 8-K serves as the official notification of these results, supplementing the company's regular SEC filings.
FAIR ISAAC CORP 8-K Report, Executive Changes (Jan 10, 2022)
Fair Isaac Corporation (FICO) announced a significant leadership change within its software division. Stephanie Covert has been appointed Executive Vice President, Software, consolidating responsibility for all aspects of the software business, including technology, product management, service, sales, and marketing. This move signifies a strategic emphasis on streamlining and strengthening FICO's software operations under a single executive. Concurrently, Claus Moldt, formerly Executive Vice President and Chief Technology Officer, has transitioned to the role of Vice President, Technology. While his base salary remains unchanged, his participation in the Management Incentive Plan has ceased. The company has entered into a new Letter Agreement with Mr. Moldt, outlining his compensation, benefits, and severance terms through December 31, 2022, contingent on continued employment and adherence to specific conditions.
FAIR ISAAC CORP 8-K Report, Material Agreement (Dec 17, 2021)
Fair Isaac Corporation (FICO) announced the successful closing of a private offering of $550 million in aggregate principal amount of 4.000% Senior Notes due 2028. These additional notes are identical in class to previously issued notes and were issued under an existing indenture, as supplemented by a new supplemental indenture. The net proceeds from this offering are earmarked for repaying outstanding debt under the company's revolving credit facility, covering associated fees and expenses, with any remaining funds allocated for general corporate purposes. This financing strengthens FICO's liquidity and allows for the optimization of its capital structure by retiring existing credit facility debt. The notes are senior unsecured obligations of the company, and while not currently guaranteed by subsidiaries, future significant domestic subsidiaries are expected to provide guarantees. The offering was made to qualified institutional buyers and non-U.S. persons, exempt from standard registration requirements.
FAIR ISAAC CORP 8-K Report, Corporate Update (Dec 14, 2021)
Fair Isaac Corporation (FICO) announced on December 14, 2021, that it has priced a private offering for an additional $550 million in aggregate principal amount of Senior Notes due 2028. These notes are being added to the existing $350 million of 4.000% Senior Notes due 2028 that were issued in December 2019, bringing the total principal amount of these notes to $900 million. This offering is being conducted as a private placement to eligible purchasers and is intended to comply with Rule 135(c) of the Securities Act of 1933, meaning it does not constitute an offer to sell or a solicitation to purchase securities. The company emphasizes that these notes have not been registered under the Securities Act or any state securities laws. Consequently, they cannot be offered or sold in the United States unless they are registered or an applicable exemption from registration requirements is met. This action suggests FICO is seeking to raise capital, potentially for general corporate purposes, debt refinancing, or strategic initiatives, though the specific use of proceeds is not detailed in this filing. Investors should note the significant increase in debt outstanding related to this series of notes.
FAIR ISAAC CORP 8-K Report, Corporate Update (Dec 14, 2021)
Fair Isaac Corporation (FICO) announced on December 14, 2021, the commencement of a private offering for $500 million in aggregate principal amount of additional senior notes. These notes are of the same series as the company's existing 4.000% Senior Notes due 2028, which were initially issued in December 2019 with a principal amount of $350 million. This offering represents a significant capital raise for FICO, aimed at expanding its debt financing, the proceeds of which are not explicitly detailed in this filing but are typically used for general corporate purposes, potential acquisitions, or refinancing existing debt.
FAIR ISAAC CORP 8-K Report, Financial Results (Nov 10, 2021)
Fair Isaac Corporation (FICO) filed an 8-K on November 10, 2021, to report its financial results for the quarter ended September 30, 2021. The filing primarily incorporates by reference the company's press release dated November 10, 2021, which contains the detailed financial performance and operational updates for the period. Investors should refer to the furnished Exhibit 99.1 for a comprehensive understanding of FICO's performance during the quarter. While the 8-K itself is brief, the accompanying press release (Exhibit 99.1) is crucial for investors seeking insights into FICO's revenue, profitability, segment performance, and any forward-looking statements or guidance provided by the company. Key financial metrics and strategic developments discussed in the press release will be central to evaluating FICO's current financial health and future prospects.
FAIR ISAAC CORP 8-K Report, Material Agreement (Oct 21, 2021)
Fair Isaac Corporation (FICO) announced an amendment to its existing credit agreement on October 21, 2021, which was effective October 20, 2021. This amendment introduces a new $300 million unsecured term loan, maturing on August 19, 2026, with the option for FICO to seek additional incremental term loans in the future. This new facility provides FICO with enhanced financial flexibility and capital for its strategic initiatives. The existing $600 million revolving credit facility remains in place, and the overall credit facility has the potential to be increased significantly. The increase is contingent on FICO's EBITDA performance and maintaining a leverage ratio not exceeding 0.50 to 1.00 below the existing maximum covenant. The terms of the new term loan include quarterly principal repayments and no prepayment penalties, offering FICO flexibility in managing its debt obligations.
FAIR ISAAC CORP 8-K Report, Material Agreement (Aug 19, 2021)
Fair Isaac Corporation (FICO) announced on August 19, 2021, the entry into a Second Amended and Restated Credit Agreement, establishing a new $600 million, five-year unsecured revolving credit facility. This facility provides FICO with significant financial flexibility, with the option to increase the facility by an amount that would not violate certain leverage ratio covenants. The proceeds are earmarked for a variety of uses, including refinancing existing debt, share repurchases, general corporate purposes, and working capital needs. This new credit facility replaces prior arrangements and has an initial outstanding balance of $475 million. The terms reflect current market conditions, with interest rates tied to either a base rate or adjusted Eurodollar rate, plus applicable margins that fluctuate based on FICO's total leverage ratio. The facility also includes customary financial covenants, such as maintaining an interest coverage ratio of at least 3.00 to 1.00 and a total leverage ratio not exceeding 3.50 to 1.00 (with potential adjustments for acquisitions), along with standard default provisions.
FAIR ISAAC CORP 8-K Report, Financial Results (Aug 3, 2021)
Fair Isaac Corporation (FICO) reported its financial results for the quarter ended June 30, 2021, in an 8-K filing on August 3, 2021. The filing primarily references a press release (Exhibit 99.1) which contains the detailed financial information. Investors should refer to this press release for specific performance metrics, revenue figures, profitability, and forward-looking guidance. While the 8-K itself does not provide granular details, it signals the official disclosure of the company's quarterly performance. Investors would be looking for updates on FICO's core business segments, such as its decision management and analytics solutions, and how these contributed to the reported financial outcomes. Any strategic initiatives or market trends impacting the company's performance would likely be discussed in the press release.
FAIR ISAAC CORP 8-K Report, Financial Results (May 5, 2021)
Fair Isaac Corporation (FICO) filed an 8-K on May 5, 2021, to report its financial results for the quarter ended March 31, 2021. The primary purpose of this filing is to incorporate by reference the company's press release detailing these results. Investors should refer to the press release (Exhibit 99.1) for the specific financial performance metrics, operational updates, and forward-looking statements for the period. While the 8-K itself does not contain the detailed financial figures, it serves as the official notification that the company has publicly disclosed its quarterly earnings. The press release, as referenced, is expected to cover key financial indicators such as revenue, earnings per share (EPS), profitability, and any significant business developments that occurred during the first quarter of 2021. Investors seeking a comprehensive understanding of FICO's performance and outlook should consult the furnished press release.
FAIR ISAAC CORP 8-K Report, Executive Changes (Mar 4, 2021)
Fair Isaac Corporation (FICO) filed an 8-K on March 4, 2021, reporting on its 2021 Annual Stockholder Meeting held on March 3, 2021. The primary focus of this filing is the shareholder approval of key corporate actions, including the election of directors, the adoption of the 2021 Long-Term Incentive Plan (2021 LTIP), and the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2021. Additionally, shareholders provided advisory approval for the company's executive compensation. These outcomes reflect shareholder confidence in the company's leadership and compensation structure, and provide the framework for future equity-based incentives. The approval of the 2021 LTIP is a significant event, authorizing the issuance of up to 5,900,000 shares of common stock for employee, director, consultant, and advisor incentives. This plan replaces the 2012 LTIP and allows for various award types, including stock options and restricted stock, administered by the Leadership Development and Compensation Committee. The overwhelming support for director elections and executive compensation demonstrates strong alignment between management, the board, and shareholders.
FAIR ISAAC CORP 8-K Report, Financial Results (Jan 28, 2021)
Fair Isaac Corporation (FICO) filed an 8-K on January 28, 2021, to report its financial results for the quarter ended December 31, 2020. The filing primarily incorporates by reference a press release, which contains the detailed financial performance and operational updates for the period. Investors should review this press release for specific figures related to revenue, profitability, and any forward-looking guidance provided by the company. While the 8-K itself is brief, the furnished press release (Exhibit 99.1) is the crucial document for understanding FICO's performance. It's important for investors to note that this filing is a notification of earnings release, and the full suite of financial statements and detailed analysis will typically be found in their subsequent Form 10-Q filing. Therefore, the immediate takeaway from this 8-K is the announcement of the company's earnings and the availability of the associated press release for further investigation.
FAIR ISAAC CORP 8-K Report, Financial Results (Nov 10, 2020)
Fair Isaac Corporation (FICO) filed an 8-K on November 10, 2020, to report its financial results for the quarter ended September 30, 2020. The filing primarily consists of a press release (Exhibit 99.1) detailing these results, which is incorporated by reference. Investors should refer to the press release for specific financial performance metrics, including revenue, earnings, and any forward-looking guidance provided by the company for the upcoming periods. This 8-K serves as the official notification of the company's operational and financial standing as of that date.
FAIR ISAAC CORP 8-K Report, Exit or Disposal Costs (Sep 16, 2020)
Fair Isaac Corporation (FICO) announced on September 14, 2020, a strategic restructuring initiative aimed at reducing operating costs in less strategic business areas to enable greater investment in higher-growth segments. This plan involves closing non-core offices, consolidating others, and a workforce reduction of approximately 3.5% (about 140 employees). The company anticipates these actions will yield significant annual expense savings of approximately $36 million, commencing in fiscal year 2021. These savings are expected to be driven by reduced facilities costs ($8.7 million) and employee expenses ($27.3 million). For the fourth quarter of fiscal year 2020, FICO expects to incur a pre-tax charge of around $42 million, primarily related to future cash expenditures. This charge comprises approximately $34 million for future lease obligations (net of sublease income) on closed or consolidated facilities and $8 million for severance and related costs associated with the workforce reduction. While this restructuring will involve an immediate financial charge, the long-term outlook suggests improved operational efficiency and a more focused allocation of resources towards strategic growth areas.