8-KLeadership Changes

FAIR ISAAC CORP 8-K Report, Executive Changes (Apr 2, 2018)

Filed April 2, 2018For Securities:FICO

Summary

Fair Isaac Corporation (FICO) has filed an 8-K report detailing two significant changes to its Board of Directors. Mark W. Begor resigned from the Board effective April 2, 2018, due to his appointment as CEO of Equifax Inc. The company stated there were no disagreements between Mr. Begor and FICO related to his resignation, indicating a smooth transition. Concurrently, on April 2, 2018, the Board elected Eva Manolis as a new director. Ms. Manolis will serve until the 2019 Annual Meeting of Stockholders and will participate in the standard compensation program for non-employee directors. Her appointment suggests the company is continuing to strengthen its board with external expertise, and there are no disclosed related-party transactions involving Ms. Manolis.

Key Highlights

  • 1Mark W. Begor resigned from FICO's Board of Directors, effective April 2, 2018.
  • 2Mr. Begor's resignation was prompted by his appointment as CEO of Equifax Inc.
  • 3There were no disagreements between Mr. Begor and FICO concerning his resignation.
  • 4Eva Manolis was elected as a new director to FICO's Board on April 2, 2018.
  • 5Ms. Manolis will serve as a director until the 2019 Annual Meeting of Stockholders.
  • 6Ms. Manolis will participate in the Company’s standard compensation program for Non-Employee Directors.
  • 7No related-party transactions requiring disclosure under SEC regulations were identified for Ms. Manolis.

Frequently Asked Questions

Mark W. Begor resigned from the Fair Isaac Corporation Board of Directors because he was appointed as the chief executive officer of Equifax Inc.

No, the filing explicitly states there were no disagreements between Mr. Begor and Fair Isaac Corporation relating to the Company's operations, policies, or practices that resulted in his decision to resign.

Eva Manolis was elected as a new director to the Fair Isaac Corporation Board on April 2, 2018.

Ms. Manolis will participate in the Company’s standard Compensation Program for Non-Employee Directors, as detailed in the proxy statement for the 2018 Annual Meeting of Stockholders.