---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-273555"
form_type: "8-K"
ticker: "FICO"
cik: "0000814547"
company_name: "FAIR ISAAC CORP"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T12:12:31.761163+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-273555
- form_type: 8-K
- ticker: FICO
- cik: 0000814547
- company_name: FAIR ISAAC CORP
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814547/000119312523273555/0001193125-23-273555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814547/000119312523273555/d927604d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-273555
- JSON: https://secwatch.observer/filing/0001193125-23-273555.json
- Plain text: https://secwatch.observer/filing/0001193125-23-273555.txt

## Key facts
- Executive change
  Stephanie Covert changed role as Vice President, Software Technology at FAIR ISAAC CORP.
  - Action: transitioned
  - Role: Vice President, Software Technology
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814547/000119312523273555/0001193125-23-273555-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.