FactSet Research Systems Inc.

07/23/2024 | Press release | Distributed by Public on 07/23/2024 14:17

Management Change/Compensation Form 8 K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On July 23, 2024, FactSet Research Systems Inc. (the "Company") announced that Linda S. Huber had transitioned out of her position as the Company's Executive Vice President, Chief Financial Officer, effective July 22, 2024. Ms. Huber will serve as finance advisor to the Company and remain an employee of the Company through December 31, 2024.
Ms. Huber and the Company entered into a Separation Agreement and General Release of Claims (the "Agreement") on July 22, 2024. A copy of the Agreement is filed as Exhibit 10.1 hereto and is incorporated by reference herein. In connection with her departure, Ms. Huber will receive the payments and benefits provided for in the Agreement, which includes those to which she is entitled under the Company's Executive Severance Plan. The foregoing summary is not complete and is qualified in its entirety by reference to the Agreement.
Ms. Huber's departure is not the result of any disagreement with the Company regarding its accounting practices, financial statements or financial condition, or any of the Company's related disclosures.
On July 23, 2024, the Company also announced that Helen Shan, 56, the Company's Executive Vice President and Chief Revenue Officer, was appointed to the position of Chief Financial Officer effective July 23, 2024. Ms. Shan also will remain in her position as Chief Revenue Officer through August 31, 2024. Ms. Shan brings extensive financial leadership experience and business expertise within FactSet, and is rotating back into the CFO role, which she previously held from 2018 to 2021 before being appointed Executive Vice President and Chief Revenue Officer.
Ms. Shan does not have any family relationships with any of FactSet's directors or executive officers. There are no arrangements or understandings between Ms. Shan and any other persons pursuant to which she was appointed as Chief Financial Officer of FactSet. There are no related party transactions between FactSet and any of its subsidiaries and Ms. Shan that would be required to be disclosed under Item 404(a) of Regulation S-K.