8-KEarnings & ResultsLeadership ChangesExhibits & Filings

FAIR ISAAC CORP 8-K Report, Financial Results (Nov 1, 2006)

Filed November 1, 2006For Securities:FICO

Summary

Fair Isaac Corporation (FICO) filed an 8-K on November 1, 2006, reporting its financial results for the quarter and fiscal year ended September 30, 2006. The filing also announced significant changes in its executive leadership. Thomas G. Grudnowski resigned from his positions as Chief Executive Officer, President, and Board member, effective immediately. He will remain with the company in an employee capacity through January 31, 2007, to facilitate a transition. Charles M. Osborne, who previously served as Vice President and Chief Financial Officer, has been appointed as the interim Chief Executive Officer, effective November 1, 2006. Mr. Osborne will continue to fulfill his CFO responsibilities during this interim period. Investors should refer to the press release furnished as Exhibit 99.1 for detailed financial results and further information regarding these leadership changes.

Key Highlights

  • 1FICO reported financial results for the quarter and fiscal year ended September 30, 2006.
  • 2Thomas G. Grudnowski resigned as CEO, President, and Board member, effective November 1, 2006.
  • 3Mr. Grudnowski will remain an employee until January 31, 2007, for a transition period.
  • 4Charles M. Osborne appointed as interim CEO, effective November 1, 2006.
  • 5Mr. Osborne retains his positions as VP and CFO while serving as interim CEO.
  • 6A press release detailing the financial results and leadership changes is included as Exhibit 99.1.

Frequently Asked Questions

This 8-K filing serves two main purposes: to report Fair Isaac Corporation's financial results for the quarter and fiscal year ended September 30, 2006, and to announce significant changes in executive leadership, specifically the resignation of the CEO and the appointment of an interim CEO.

Charles M. Osborne has been appointed as the interim Chief Executive Officer, effective November 1, 2006. He will continue to serve in his existing capacities as Vice President and Chief Financial Officer during this interim period.

The filing indicates that Thomas G. Grudnowski will remain an employee through January 31, 2007, to ensure a smooth transition. The appointment of Charles M. Osborne, who is already an executive officer and CFO, suggests an effort to maintain operational continuity during the leadership change.

Investors can find more detailed financial information and commentary regarding the reported results and leadership changes in the press release dated November 1, 2006, which is furnished as Exhibit 99.1 to this 8-K filing.