8-KLeadership ChangesExhibits & Filings

FAIR ISAAC CORP 8-K Report, Executive Changes (Jan 9, 2023)

Filed January 9, 2023For Securities:FICO

Summary

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.

Key Highlights

  • 1Michael I. McLaughlin, Executive Vice President and Chief Financial Officer, intends to resign effective January 13, 2023.
  • 2Mr. McLaughlin is leaving FICO to pursue a new professional opportunity.
  • 3Steven P. Weber has been appointed as the Interim Chief Financial Officer, effective January 13, 2023.
  • 4Mr. Weber has been with FICO since 2003 and brings extensive experience in financial planning, treasury, tax, and investor relations.
  • 5His prior roles include leading Financial Planning & Analysis and managing significant financial transactions like bond issuances and M&A due diligence.
  • 6The company has indicated that Mr. Weber will serve in the interim capacity until a permanent CFO successor is appointed.
  • 7A press release detailing these changes is furnished as an exhibit to the filing.

Frequently Asked Questions

Michael I. McLaughlin is departing FICO to pursue a new professional opportunity outside of the company. His resignation is effective January 13, 2023.

Steven P. Weber has been appointed as the Interim Chief Financial Officer, effective January 13, 2023. He will serve in this role until a permanent successor is identified and appointed.

Steven P. Weber has been with Fair Isaac Corporation since 2003. He has a strong financial background, having served as Vice President of Investor Relations, Tax and Treasury. His experience includes leading Financial Planning & Analysis, managing public bond issuances, syndicated bank lending, M&A due diligence and integration, and strategic financial planning.

The filing does not provide information suggesting an immediate impact on financial performance or strategy. The appointment of an experienced interim CFO, Steven P. Weber, aims to ensure continuity in financial operations while the search for a permanent successor is underway.