FICO announces CFO transition; reiterates FY2023 guidance with Siron adjustment

FAIR ISAAC CORP

Michael McLaughlin resigns as CFO effective Jan 13, 2023 to pursue another opportunity.
Steve Weber appointed interim CFO; he has nearly 20 years at FICO in finance leadership roles.
FY2023 guidance reiterated: revenues $1.463B, GAAP net income $401M, GAAP EPS $16.00.
Guidance adjusted for $12M revenue reduction from Siron compliance solutions transition.
Company will retain executive search firm to recruit a permanent CFO.

item 5.02 item 9.01

Executive movements

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Appointed (interim)

Steven P. Weber

Vice President, Interim Chief Financial Officer

FICO · FAIR ISAAC CORP

Effective: 2023-01-13
Filed: January 9, 2023, 6:59 PM ET

Steven P. Weber, age 60, who currently serves as the Company’s Vice President of Investor Relations, Tax and Treasury, has been appointed to serve as Vice President, Interim Chief Financial Officer effective as of January 13, 2023, until a permanent successor is appointed.

Departed

Michael I. McLaughlin

Executive Vice President and Chief Financial Officer

FICO · FAIR ISAAC CORP

Effective: 2023-01-13
Successor: Steven P. Weber
Filed: January 9, 2023, 6:59 PM ET

Michael I. McLaughlin, Executive Vice President and Chief Financial Officer, intends to resign his employment from the Company, effective as of January 13, 2023, for a new professional opportunity.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Steven P. Weber was appointed as Vice President, Interim Chief Financial Officer at FAIR ISAAC CORP.

Action: appointed
Role: Vice President, Interim Chief Financial Officer

Exact text from the filing

Steven P. Weber, age 60, who currently serves as the Company’s Vice President of Investor Relations, Tax and Treasury, has been appointed to serve as Vice President, Interim Chief Financial Officer effective as of January 13, 2023, until a permanent successor is appointed.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael I. McLaughlin resigned as Executive Vice President and Chief Financial Officer at FAIR ISAAC CORP.

Action: resigned
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Michael I. McLaughlin, Executive Vice President and Chief Financial Officer, intends to resign his employment from the Company, effective as of January 13, 2023, for a new professional opportunity.

View on SEC.gov

FAIR ISAAC CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-004827

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