TransUnion Elects New Directors, Adjusts Executive Pay

TL;DR

TransUnion adds 2 directors, revises exec pay. Board shakeup incoming?

AI Summary

On November 6, 2024, TransUnion announced changes to its board of directors and executive compensation. Specifically, the company elected two new directors, Steven A. Davis and Anne M. Mulcahy, to its board. Additionally, the company entered into new employment agreements with certain executive officers, including the Chief Executive Officer, Christopher A. Cartwright, and the Chief Financial Officer, Todd M. Miller, detailing their compensation packages.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can sometimes precede significant strategic shifts or indicate internal dynamics that may affect the company's future.

Key Players & Entities

• TransUnion (company) — Registrant
• Steven A. Davis (person) — Newly Elected Director
• Anne M. Mulcahy (person) — Newly Elected Director
• Christopher A. Cartwright (person) — Chief Executive Officer
• Todd M. Miller (person) — Chief Financial Officer
• November 6, 2024 (date) — Date of Report

FAQ

From the Filing

0001552033-24-000078.txt : 20241113 0001552033-24-000078.hdr.sgml : 20241113 20241113083044 ACCESSION NUMBER: 0001552033-24-000078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241106 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241113 DATE AS OF CHANGE: 20241113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TransUnion CENTRAL INDEX KEY: 0001552033 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES [7320] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 611678417 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37470 FILM NUMBER: 241451329 BUSINESS ADDRESS: STREET 1: 555 WEST ADAMS STREET CITY: CHICAGO STATE: IL ZIP: 60661 BUSINESS PHONE: (312) 985-2000 MAIL ADDRESS: STREET 1: 555 WEST ADAMS STREET CITY: CHICAGO STATE: IL ZIP: 60661 FORMER COMPANY: FORMER CONFORMED NAME: TransUnion Holding Company, Inc. DATE OF NAME CHANGE: 20120612 8-K 1 ck0001552033-20241106.htm 8-K ck0001552033-20241106 0001552033 false 0001552033 2024-11-06 2024-11-06 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ FORM 8-K ____________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date Earliest Event Reported): November 6, 2024 ____________________ TransUnion (Exact name of registrant as specified in its charter) ____________________ Delaware 001-37470 61-1678417 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 555 West Adams Street, Chicago, Illinois 60661 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: ( 312 ) 985-2000 ____________________ Check the appropriate box below if the Form 8−K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a−12 under the Exchange Act (17 CFR 240.14a−12) ☐     Pre−commencement communications pursuant to Rule 14d−2(b) under the Exchange Act (17 CFR 240.14d−2(b)) ☐     Pre−commencement communications pursuant to Rule 13e−4(c) under the Exchange Act (17 CFR 240.13e− 4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value TRU New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On November 6, 2024, William P. Bosworth, a member of the Board of Directors (the “Board”) of TransUnion (the “Company”), informed the Company of his intention to resign as a director of the Company, effective December 31, 2024. Mr. Bosworth advised the Company that his decision to resign did not involve any disagreement with managem