Summary
This filing is an amendment to a previous 8-K report, specifically addressing an update related to executive compensation. The primary focus for investors is the confirmation and details surrounding the grant of restricted stock to Charles M. Osborne, the newly appointed interim chief executive officer. This award signifies a commitment to the new leadership and aligns their interests with shareholders, with the stock vesting in its entirety one year from the grant date.
Key Highlights
- 1Amendment to a previously filed 8-K report.
- 2Details the grant of 20,000 shares of restricted stock to Charles M. Osborne.
- 3Charles M. Osborne has been appointed interim Chief Executive Officer (CEO) of Fair Isaac Corporation.
- 4The restricted stock award was approved by the Compensation Committee on November 8, 2006.
- 5The restricted stock vests in full on the first anniversary of the grant date (November 8, 2007).
- 6The award was granted under the Company's 1992 Long-term Incentive Plan, as amended.
Frequently Asked Questions
This filing is an amendment to a previous 8-K report to provide additional details regarding compensation arrangements for a key executive. Specifically, it confirms the grant of restricted stock to the new interim CEO.
Charles M. Osborne, the interim Chief Executive Officer of Fair Isaac Corporation, received 20,000 shares of restricted stock. This award is part of his compensation in connection with his appointment as interim CEO.
The restricted stock award vests in its entirety on the first anniversary of the date of grant, which was November 8, 2006. Therefore, it vests on November 8, 2007.
The restricted stock award was granted under Fair Isaac Corporation's 1992 Long-term Incentive Plan, as amended.