FICO EVP Software Covert steps down as executive, transitions to VP role through Dec 31

FAIR ISAAC CORP

Stephanie Covert resigned as EVP, Software effective Nov 2; will serve as VP, Software Technology through Dec 31.
Base salary $500k annualized; FY2023 MIP award $375k; not eligible for FY2024 MIP.
22,212 RSUs/MSUs/PSUs scheduled to vest Dec 10, 2023 if she remains employed through that date.
Severance: 3 months salary, 6 months outplacement, 12 months COBRA if she resigns before Dec 9 or term expires.
Management Agreement with change-in-control protections remains in effect, replaces prior letter agreement.

item 5.02 item 9.01

Executive movements

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Role change

Stephanie Covert

Vice President, Software Technology

FICO · FAIR ISAAC CORP

Effective: 2023-11-02
Filed: November 8, 2023, 6:59 PM ET

Ms. Covert resigned from her position as Executive Vice President, Software effective November 2, 2023, but will remain employed by the Company in a non-executive officer position as the Company’s Vice President, Software Technology through December 31, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Stephanie Covert changed role as Vice President, Software Technology at FAIR ISAAC CORP.

Action: transitioned
Role: Vice President, Software Technology

Exact text from the filing

Ms. Covert resigned from her position as Executive Vice President, Software effective November 2, 2023, but will remain employed by the Company in a non-executive officer position as the Company’s Vice President, Software Technology through December 31, 2023.

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FAIR ISAAC CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-273555

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