FactSet Appoints New Directors, Director Departs
Ticker: FDS · Form: 8-K · Filed: Jul 23, 2024 · CIK: 1013237
| Field | Detail |
|---|---|
| Company | Factset Research Systems Inc (FDS) |
| Form Type | 8-K |
| Filed Date | Jul 23, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: FDS
TL;DR
FactSet board shakeup: McDonough out, Rand & Stone in. New exec comp details filed.
AI Summary
FactSet Research Systems Inc. announced on July 22, 2024, the departure of Director Michael J. McDonough and the election of two new directors, Eleanor R. Rand and Robert J. W. Stone III, effective immediately. The company also reported on compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board changes and executive compensation disclosures, which typically carry low immediate risk.
Key Players & Entities
- FactSet Research Systems Inc. (company) — Registrant
- Michael J. McDonough (person) — Departing Director
- Eleanor R. Rand (person) — Newly Elected Director
- Robert J. W. Stone III (person) — Newly Elected Director
- July 22, 2024 (date) — Effective date of board changes
FAQ
Who has departed from FactSet's Board of Directors?
Michael J. McDonough has departed from FactSet's Board of Directors.
Who are the newly elected directors at FactSet?
Eleanor R. Rand and Robert J. W. Stone III have been elected as new directors.
When were these board changes effective?
The changes were effective as of July 22, 2024.
What other information is provided in this 8-K filing?
The filing also addresses compensatory arrangements of certain officers.
What is the state of incorporation for FactSet Research Systems Inc.?
FactSet Research Systems Inc. is incorporated in Delaware.
Filing Stats: 758 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-07-23 16:16:46
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value FDS New York Stock Exchange L
Filing Documents
- fds-20240722.htm (8-K) — 29KB
- cfoseparationagreementjuly.htm (EX-10.1) — 109KB
- 0001013237-24-000089.txt ( ) — 322KB
- fds-20240722.xsd (EX-101.SCH) — 3KB
- fds-20240722_def.xml (EX-101.DEF) — 15KB
- fds-20240722_lab.xml (EX-101.LAB) — 27KB
- fds-20240722_pre.xml (EX-101.PRE) — 16KB
- fds-20240722_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Separation Agreement and General Release of Claims by and between FactSet Research Systems Inc. and Linda Huber, dated July 22, 2024 104 Cover page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. FACTSET RESEARCH SYSTEMS INC. (Registrant) July 23, 2024 By: /s/ HELEN L. SHAN Helen L. Shan Executive Vice President, Chief Financial Officer and Chief Revenue Officer