FactSet Reports Board & Executive Changes
Ticker: FDS · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1013237
| Field | Detail |
|---|---|
| Company | Factset Research Systems Inc (FDS) |
| Form Type | 8-K |
| Filed Date | Dec 19, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: FDS
TL;DR
FactSet's board is changing, exec comp might too. Watch this space.
AI Summary
On December 17, 2024, FactSet Research Systems Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes information regarding the election of new directors and potential adjustments to executive compensation arrangements. Specific financial details or dollar amounts related to these changes were not immediately disclosed in the provided excerpt.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or future performance expectations.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can sometimes precede significant strategic shifts or financial performance changes, warranting closer monitoring.
Key Players & Entities
- FactSet Research Systems Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- 45 Glover Avenue Norwalk, Connecticut 06850 (address) — Principal executive offices
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors and potential departure of others, but the specific names and roles are not detailed in this excerpt.
Were there any specific executive appointments or departures mentioned?
The filing mentions 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers,' but does not name individuals in this excerpt.
What is the nature of the compensatory arrangements being discussed?
The filing refers to 'Compensatory Arrangements of Certain Officers,' but the details of these arrangements are not provided in this section.
When was the earliest event reported in this 8-K filing?
The earliest event reported is December 17, 2024.
What is FactSet Research Systems Inc.'s primary business classification?
FactSet Research Systems Inc. is classified under SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370].
Filing Stats: 947 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-12-19 06:53:36
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 Par Value FDS New York Stock Exchange L
Filing Documents
- fds-20241217.htm (8-K) — 32KB
- fdsq12025earningsrelease.htm (EX-99.1) — 277KB
- factsetappointsnewdirector.htm (EX-99.2) — 7KB
- 0001013237-24-000190.txt ( ) — 505KB
- fds-20241217.xsd (EX-101.SCH) — 3KB
- fds-20241217_def.xml (EX-101.DEF) — 15KB
- fds-20241217_lab.xml (EX-101.LAB) — 27KB
- fds-20241217_pre.xml (EX-101.PRE) — 16KB
- fds-20241217_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On December 19, 2024, FactSet Research Systems Inc. ("FactSet" or the "Company") issued a press release announcing its results for the three months ended November 30, 2024. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated by reference herein. The information furnished pursuant to this Item 2.02 (Results of Operations and Financial Condition), including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Exhibit 99.1 to this Report contains certain financial measures that are considered non-GAAP financial measures as defined in the rules issued by the Securities and Exchange Commission (the "Commission"). Exhibit 99.1 to this Report also contains the reconciliation of these non-GAAP financial measures to their most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles, as well as the reasons why the Company's management believes that presentation of the non-GAAP financial measures provides useful information to investors regarding FactSet's results of operations and, to the extent material, a statement disclosing any other additional purposes for which the Company's management uses the non-GAAP financial measures. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On December 17, 2024, the Board of Directors of FactSet Research Systems Inc. (the "Company") elected Barak Eilam as a director of the Company. In conjunction
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release of FactSet Research Systems Inc., dated December 19, 2024, announcing its results for the three months ended November 30, 2024 99.2 Press Release of Factset Research Systems Inc., dated December 18, 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) December 19, 2024 By: /s/ HELEN L. SHAN Helen L. Shan Executive Vice President, Chief Financial Officer (Principal Financial Officer)