Business Context and Reporting Period
This Form 8-K Current Report was filed by FactSet Research Systems Inc. on April 2, 2026. The report discloses significant changes to the company's executive leadership, specifically the departure of the Chief Financial Officer and the appointment of a successor.
Key Financial Metrics
This filing does not contain operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and employment terms.
Material Changes
Departure of Chief Financial Officer
- Helen Shan will transition out of her role as CFO effective April 13, 2026.
- She will remain employed for a transitional period, eligible for base salary, FY2026 bonus, and benefits, but not new incentive awards or the FY2027 bonus.
- She is eligible for severance benefits under the Executive Severance Plan and her equity letter agreement, subject to a separation agreement.
Appointment of Chief Financial Officer
- Joshua Warren was appointed CFO, commencing employment on April 13, 2026.
- Compensation Package:
- Base Salary: $500,000 annually.
- Cash Bonus: Target of 110% of base salary (FY2026 pro-rated).
- Equity (FY2027+): Annual target grant date value of $2,250,000.
- New Hire Award: One-time grant date value of $1,500,000, consisting of:
- $750,000 in non-qualified stock options.
- $500,000 in restricted stock units (RSUs).
- $250,000 in cash (repayable if employment ends before the first anniversary).
- Vesting: Stock options and RSUs vest 50% on the third and fourth anniversaries of the grant date.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of market risks. The primary contingency noted is that Ms. Shan's severance and transition benefits are subject to the execution of a separation agreement, which is expected to be filed in the Form 10-Q for the quarter ending May 31, 2026. The full text of Mr. Warren's employment agreement will also be filed in that same 10-Q.
Investor Verification Checklist
- Verify the execution of the separation agreement for Helen Shan in the upcoming Form 10-Q (Q1 FY2027).
- Review the full text of Joshua Warren's employment agreement in the upcoming Form 10-Q for detailed terms and conditions.
- Monitor the vesting schedule and performance conditions for the new hire equity awards granted to Mr. Warren.
- Confirm the pro-rated calculation of Mr. Warren's FY2026 cash bonus based on the April 13 start date.