-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KwulT14cJtZtiN08pTQF4B0G9FjtyLgsg/ZXlodV4i70wbibWtLHGixxQJcUBEIh KLZkBTqkzdaW25CcH9UY9Q== 0000950005-97-001005.txt : 19971217 0000950005-97-001005.hdr.sgml : 19971217 ACCESSION NUMBER: 0000950005-97-001005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971216 ITEM INFORMATION: FILED AS OF DATE: 19971216 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: FAIR ISAAC & COMPANY INC CENTRAL INDEX KEY: 0000814547 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 941499887 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11689 FILM NUMBER: 97739395 BUSINESS ADDRESS: STREET 1: 120 N REDWOOD DR CITY: SAN RAFAEL STATE: CA ZIP: 94903 BUSINESS PHONE: 4154722211 MAIL ADDRESS: STREET 1: 120 N REDWOOD DRIVE CITY: SAN RAFAEL STATE: CA ZIP: 94903 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 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): DECEMBER 16, 1997 Commission File Number 0-16439 FAIR, ISAAC AND COMPANY, INCORPORATED (Exact name of registrant as specified in its charter) DELAWARE 94-1499887 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 120 North Redwood Drive, San Rafael, California 94903 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (415) 472-2211 ITEM 5. Other Events On December 16, 1997, the Registrant issued the press release attached hereto as Exhibit 99.1 and incorporated herein by reference. ITEM 7. Financial Statements and Exhibits (c) Exhibits 99.1 Press Release of the Registrant dated December 16, 1997. SIGNATURES 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 thereunto duly authorized. FAIR, ISAAC AND COMPANY, INCORPORATED DATE: December 16, 1997 By: /s/ PETER L. MCCORKELL --------------------------------- Peter L. McCorkell Senior Vice President, Secretary and General Counsel 2 Exhibit Index To Fair, Isaac and Company, Incorporated Report on Form 8-K dated December 16, 1997 Sequentially Exhibit No. Exhibit Numbered Page - ----------- ------- ------------- 99.1 Press Release dated December 16, 1997. 4 3 EX-99.1 2 PRESS RELEASE PRESS RELEASE FOR IMMEDIATE RELEASE Fair, Isaac and Company, Inc. 120 North Redwood Drive San Rafael, CA 94903-1996 415 472 2211 phone 415 492 9381 fax [Fair, Isaac Logo] NEWS FROM FAIR, ISAAC NYSE SYMBOL: FIC FOR IMMEDIATE RELEASE Contact: Peter L. McCorkell (415) 472-2211 Fair, Isaac Expects Higher Revenue But Flat Earnings December 16, 1997 San Rafael, Calif.--Fair, Isaac and Company, Inc. (NYSE: FIC) today announced that, while it expects healthy revenue growth in the quarter ending December 31, 1997, compared with the same period a year ago, the company anticipates that its operating margin will be lower than in the December 1996 quarter. President and CEO Larry E. Rosenberger said he believes the percentage growth in revenues for the quarter, over the same period a year ago, will be in the "mid-twenties" but that the company's operating expenses are growing even faster. As a result, the company expects that operating income and earnings per share for the current quarter will be approximately even with the same quarter a year ago. Rosenberger noted, "A number of factors are putting pressure on our operating margin right now. Our internal forecast had called for even higher revenue growth early in the 1998 fiscal year, so we authorized hiring and other expenditures accordingly. However, the continuing wave of bank mergers has resulted in the cancellation of some orders and has delayed other projects. In addition, the internal systems staffs of many of our clients are preoccupied by `Year 2000' issues and are thus unable to provide the assistance we need to complete--and sometimes to start--our work. Finally, we remain constrained by staffing shortages in certain areas. "On the expense side, some units are still finding it necessary to use expensive contract labor to meet current demand from our clients while keeping the development of new products on schedule. While we have made some progress in recent months in recruiting additional permanent staff, it takes some time to get newly hired employees to the point where they are fully productive. We have also chosen to expend resources in pursuing new product and market development opportunities which we believe have great future potential--but which are not yet producing revenue." -- more -- Mr. Rosenberger concluded by saying, "Fundamentally, the demand for Fair, Isaac's products and services remains strong. The current margin squeeze is mostly a case of 'growing pains', and we believe it will be temporary. Where we can cut costs without sacrificing long-term growth and profitability we will do so, but we are determined to manage the company for the long haul rather than just quarter-to-quarter results." Since 1956, Fair, Isaac has helped businesses maximize the value of data for strategic decision making. The company pioneered the commercial development of empirically derived predictive models for the credit industry and popularized their use in lending decisions. Today, Fair, Isaac and its subsidiaries provide data-driven decision control solutions to a variety of industries, worldwide, including financial services, direct marketing, personal lines insurance, retail, health care, and telecommunications. Primary areas of focus include customer and operational data management and modeling, information analysis, strategy design, and software. Headquartered in San Rafael, California, Fair, Isaac employs over 1,200 people and has offices throughout the United States and Europe as well as in Canada, Mexico, South Africa, and Japan. For the fiscal year ended September 30, 1997, the Company reported net income of $20.7 million ($1.46 per share) on revenues of $199.0 million. This press release contains certain forward-looking statements regarding events and trends that may affect the Company's future results. Such statements are subject to risks and uncertainties that could cause the Company's actual results to differ materially. Such factors include, but are not limited to, the Company's ability to recruit and maintain key technical and managerial personnel, the maintenance of its existing relationships with key alliance partners, its ability to continue to develop new and enhanced products and services, competition, market demand and other factors described in the Company's annual and quarterly reports to stockholders and its annual report on Form 10-K and other reports filed with the Securities and Exchange Commission. ### -----END PRIVACY-ENHANCED MESSAGE-----