UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 29, 2016
MOODY’S CORPORATION
(Exact Name of Registrant as Specified in Charter)
| Delaware | 1-14037 | 13-3998945 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
7 World Trade Center at 250 Greenwich Street
New York, New York 10007
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (212) 553-0300
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)) |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Moody’s Corporation announced that Michel Madelain, President and Chief Operating Officer of Moody’s Investors Service, Inc. (“MIS”), the credit ratings agency unit of Moody’s Corporation, intends to retire as President and Chief Operating Officer of MIS on June 1, 2016. Following his retirement, Mr. Madelain will serve in a part-time capacity as Vice Chairman of MIS, focusing on international policy and regulatory issues and serving on the MIS Board of Directors and MIS boards in the European Union.
| Item 7.01 | Regulation FD Disclosure. |
In connection with Mr. Madelain’s decision to retire, Moody’s appointed Robert Fauber to serve as President of MIS, effective following Mr. Madelain’s retirement. The press release announcing Robert Fauber’s appointment as President of MIS and Michel Madelain’s retirement as President and Chief Operating Officer of MIS is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01, “Financial Statements and Exhibits”
(d) Exhibits
The following exhibit is furnished as part of this Report.
| 99.1 | Press release of Moody’s Corporation dated April 4, 2016, announcing Robert Fauber’s appointment and Michel Madelain’s retirement. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MOODY’S CORPORATION | ||
| By: | /s/ John J. Goggins | |
| John J. Goggins | ||
| Executive Vice President and General Counsel | ||
Date: April 4, 2016
INDEX TO EXHIBITS
| Exhibit No. | ||
| 99.1 | Press release of Moody’s Corporation dated April 4, 2016, announcing Robert Fauber’s appointment and Michel Madelain’s retirement. | |
Exhibit 99.1
Moody’s Investors Service Names Robert Fauber President;
Michel Madelain to Retire as President and COO
For Release - 04/04/2016
NEW YORK — (BUSINESS WIRE) — Moody’s Investors Service (MIS), the credit ratings agency unit of Moody’s Corporation (NYSE:MCO), announced today that Robert Fauber, currently the Global Head of the MIS Commercial Group, has been appointed President of MIS, effective June 1, 2016. Mr. Fauber will succeed Michel Madelain, who is retiring as President & Chief Operating Officer and will assume the role of Vice Chairman for MIS.
As President, Mr. Fauber, 45, will be responsible for setting the strategic direction and managing the operations of the ratings agency. This includes oversight of all ratings responsibilities, as well as research, operational and commercial activities across MIS’s global locations.
“Rob brings a combination of solid leadership skills, strong financial acumen, a strategic mindset and a deep understanding of the purpose and quality of Moody’s ratings and the market participants they serve,” said Raymond W. McDaniel Jr., President and Chief Executive Officer of Moody’s Corporation. “He is well positioned to lead MIS as we build on Moody’s mission to be the world’s most respected authority serving risk-sensitive financial markets.”
Mr. Madelain, 60, has held key roles in the United States and Europe since joining MIS in 1994. In his new capacity as Vice Chairman for MIS, he will focus on international policy and regulatory issues. He will remain on the MIS Board of Directors and MIS boards in the European Union.
“We are indebted to Michel for his leadership, strategic insight and hard work throughout his career at Moody’s, and I am pleased that he will continue to contribute his experience and expertise as Vice Chairman for MIS,” added Mr. McDaniel.
“It has been a privilege to lead MIS over the last eight years and I look forward to continuing to work with the leadership team in my new capacity as Vice Chairman,” said Mr. Madelain.
Mr. Fauber joined Moody’s in 2005 as the Head of Corporate Development for Moody’s Corporation, where he managed the Company’s corporate strategy and mergers and acquisitions program. He has served in his current role since 2013.
Prior to Moody’s, Mr. Fauber worked for six years in investment banking and corporate strategy at Citigroup, including stints in New York, London and Hong Kong. He started his career as a credit analyst in the commercial banking group at NationsBank (now Bank of America). Mr. Fauber holds an M.B.A. from the Johnson School of Management at Cornell University and a B.A. in economics from the University of Virginia.
ABOUT MOODY’S CORPORATION
Moody’s is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE: MCO) is the parent company of Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and
financial risk management. The corporation, which reported revenue of $3.5 billion in 2015, employs approximately 10,400 people worldwide and maintains a presence in 36 countries. Further information is available at www.moodys.com.
Media Contacts
Michael Adler
Senior Vice President
Corporate Communications
212.553.4667
michael.adler@moodys.com
or
Salli Schwartz
Global Head of Investor Relations
212.553.4862
sallilyn.schwartz@moodys.com