TransUnion (NYSE:TRU) Files An 8-K Results of Operations and Financial Condition

TransUnion (NYSE:TRU) Files An 8-K Results of Operations and Financial ConditionItem 2.02Results of Operations and Financial Condition

On July 25, 2017, TransUnion (the "Company") issued a press release announcing results for the quarter ended June 30, 2017. A copy of the press release is attached and furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information furnished to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act.

Item 2.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

b)On July 21, 2017, Samuel A. Hamood, Executive Vice President and Chief Financial Officer, tendered his resignation from all positions with TransUnion and its subsidiaries, effective as of August 18, 2017. Mr. Hamood’s resignation did not result from any disagreement with the company on any matter relating to the company’s operations, policies or practices.

c)On July 21, 2017, the Board of Directors accepted Mr. Hamood’s resignation and appointed Todd M. Cello to succeed Mr. Hamood as Executive Vice President and Chief Financial Officer, effective as of August 18, 2017. Mr. Cello, 42, has more than 19 years of finance and accounting experience having graduated from the University of Illinois at Chicago in 1997 with a Bachelor of Science degree in Accounting and is registered in Illinois as a certified public accountant since 1999.

Mr. Cello joined TransUnion in 1997 as a staff accountant and has served in a number of roles within the company’s Finance function, including as the chief financial officer of our USIS segment from 2005 through 2008, and as our Vice President – Strategic and Financial Planning from 2009 through 2015, before taking on his current role as the chief financial officer of our International segment in 2015.

As Executive Vice President and Chief Financial Officer, Mr. Cello will participate in TransUnion’s compensation programs upon terms commensurate with other executives at the level of Executive Vice President.

There are no arrangements or understandings between Mr. Cello and any other persons to which he was elected to serve as an executive officer and there are no family relationships existing between Mr. Cello and any executive officer or director of TransUnion. Mr. Cello has no direct or indirect material interest in an any transaction that would require disclosure under Item 404(a) of Regulation S-K.

Item 2.02Financial Statements and Exhibits.

(d) Exhibits

TransUnion ExhibitEX-99.1 2 june302017earningsreleasee.htm EXHIBIT 99.1 Exhibit News ReleaseTransUnion Reports Second Quarter 2017 ResultsCHICAGO,…To view the full exhibit click here
About TransUnion (NYSE:TRU)
TransUnion, formerly TransUnion Holding Company, Inc., is a risk and information solutions provider to businesses and consumers. The Company operates through three segments: US Information Services (USIS), International and Consumer Interactive. The USIS segment provides consumer reports, risk scores, analytical services and decisioning capabilities to businesses. The International segment provides services similar to its USIS segment to businesses in select regions outside the United States. The Company’s Consumer Interactive segment offers solutions that help consumers manage their personal finances and take precautions against identity theft. The Company has operations across various industry verticals, including financial services, insurance and healthcare. The Company has presence in over 30 countries across North America, Africa, Latin America and Asia.