Equifax Inc. (NYSE:EFX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September26, 2017, the board of directors of Equifax Inc. (the “Company”) entered into an arrangement with the Company’s newly appointed interim Chief Executive Officer, Paulino do Rego Barros, Jr. with respect to his compensation in connection with his new role. During the period of time Mr.Barros serves as interim Chief Executive Officer, Mr.Barros will receive a monthly cash payment of $25,000 in addition to his current $470,000 annual base salary, with such payment to continue for a minimum of six months regardless of his time in the position. Mr.Barros will continue in the Company’s annual cash incentive plan consistent with the program for other senior executives with a target bonus of 60% of his base salary plus the additional monthly cash payments and a maximum bonus of 120% of base salary plus the additional monthly cash payments, based upon attainment against performance goals established annually by the compensation committee of the board of directors. Mr.Barros will also be eligible for an additional $500,000 cash incentive opportunity based upon achievement of certain goals unique to his role as interim Chief Executive Officer, which will be specified by the Company’s board of directors. He will receive a one-time appointment grant of $1.5 million in restricted stock units (“RSUs”) vesting three years from the grant date, subject to the terms and conditions of the award, with the number of RSUs granted to be determined by dividing the dollar value of the award by the closing price of the Company’s stock on the grant date, which will be the first trading day of the Company’s next open trading window for senior executives. The award will not be subject to early vesting upon retirement or otherwise unless Mr. Barros completes his role as interim Chief Executive Officer as determined by the board of directors. Mr.Barros will continue to be eligible for a long-term equity incentive award as part of the Company’s annual long-term incentive program generally consistent with the other named executive officers.

Item 5.02. Other Events.

On October2, 2017, the Company issued a press release providing an update on the cybersecurity incident previously disclosed on September7, 2017, including announcement that the cybersecurity firm has concluded its forensic investigation of the incident. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 5.02. Financial Statements and Exhibits.

Exhibit Index

The following exhibit is being furnished with this report:

EQUIFAX INC Exhibit
EX-99.1 2 d335628dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   For Immediate Release October 2,…
To view the full exhibit click here

About Equifax Inc. (NYSE:EFX)

Equifax Inc. is a provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions and Personal Solutions. USIS provides consumer and commercial information solutions to businesses in the United States, including online information, decisioning technology solutions, fraud and identity management services, portfolio management services, mortgage reporting and financial marketing services. International includes Canada, Europe and Latin America business units. Workforce Solutions provides services enabling clients to verify income and employment, as well as to outsource and automate the performance of certain payroll-related and human resources management business processes. Personal Solutions provides products to consumers in the United States, Canada and the United Kingdom.