TransUnion Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by TransUnion on August 6, 2015. The filing addresses Item 5.02 regarding the departure of certain officers and the appointment of new officers within the company's finance leadership structure.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is a restructuring of senior financial leadership roles effective August 6, 2015, with a transition period for the Chief Accounting Officer role concluding on or about October 31, 2015.
Management Commentary and Personnel Actions
- Promotion: James V. Pieper, previously Vice President, Controller, and Chief Accounting Officer, has been promoted to Senior Vice President. He will assume responsibility for Financial Planning & Analysis and Tax departments while continuing as Chief Accounting Officer until a successor is appointed.
- Appointment: Timothy Elberfeld, currently Vice President and Chief Financial Officer of the Africa Region, will succeed Mr. Pieper as Chief Accounting Officer and Corporate Controller, effective on or about October 31, 2015.
- Compensation: Mr. Elberfeld will participate in compensation programs commensurate with other executives at the Vice President level.
- Background: Mr. Pieper joined in June 2014 and played a key role in the company's recent IPO. Mr. Elberfeld joined in June 2012 and previously worked with PwC focusing on global M&A transactions.
Investor Verification Checklist
- Confirm the exact effective date of Timothy Elberfeld's appointment as Chief Accounting Officer (stated as "on or about October 31").
- Verify the specific scope of James V. Pieper's new responsibilities in Financial Planning & Analysis and Tax.
- Review subsequent filings to ensure no further changes to the finance leadership team occur during the transition period.