secwatch.observer — SEC 8-K summary
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Issuer:     FAIR ISAAC CORP (FICO)
CIK:        0000814547
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0001193125-22-005793
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FICO appoints Stephanie Covert as EVP Software; Claus Moldt transitions to VP Technology
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- Stephanie Covert takes expanded role as EVP, Software, responsible for all software elements including technology, product management, sales, marketing.
- Claus Moldt, previously EVP & CTO, transitions to VP Technology effective January 6, 2022.
- Moldt enters new letter agreement through December 31, 2022; base salary unchanged, no longer eligible for Management Incentive Plan.
- If Moldt voluntarily leaves before December 10, 2022, he receives severance of 1x base salary plus last annual cash incentive, plus COBRA for 12 months.
- If Moldt stays through December 10, 2022, no severance but COBRA continuation for 12 months unless terminated for cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814547/000119312522005793/0001193125-22-005793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814547/000119312522005793/d124012d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-005793

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