TransUnion Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by TransUnion on July 18, 2018, reporting events that occurred on July 16, 2018. The filing addresses corporate governance changes specifically regarding the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a corporate governance announcement and contains no financial performance data.
Material Changes
The material change reported is the appointment of Russell P. Fradin as a Class III director of TransUnion, effective July 16, 2018. Mr. Fradin fills a current vacancy and will serve for the balance of the three-year term expiring at the 2021 annual meeting of stockholders.
Management Commentary and Background
Mr. Fradin brings significant executive experience to the board. His background includes:
- Operating Partner at Clayton, Dubilier & Rice, Inc. (CD&R) since 2016.
- Former President and CEO of SunGard Data Systems (2011–2015).
- Former Chairman and CEO of Aon Hewitt, where he oversaw the 2010 merger of Aon Consulting and Hewitt Associates.
- Former CEO of the BISYS Group and senior executive at Automatic Data Processing.
- Senior partner and director at McKinsey & Company (1978–1996).
Mr. Fradin will be compensated in accordance with TransUnion's standard policies for non-employee, independent directors. There are no special arrangements or understandings regarding his appointment.
Key Facts for Investor Verification
- Confirmation of Russell P. Fradin's appointment as a Class III director effective July 16, 2018.
- Verification that Mr. Fradin's term expires at the 2021 annual meeting of stockholders.
- Confirmation that no related party transactions requiring disclosure under Item 404(a) of Regulation S-K exist involving Mr. Fradin.