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EFX > SEC Filings for EFX > Form 8-K on 28-Apr-2009All Recent SEC Filings

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Form 8-K for EQUIFAX INC


28-Apr-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Executive Compensation Actions

On April 22, 2009, the Compensation, Human Resources and Management Succession Committee (the "Committee") of the Board of Directors of Equifax Inc. (the "Company") reviewed and approved the 2009 long-term incentive ("LTI") award opportunities for named executive officers pursuant to the Company's shareholder-approved 2008 Omnibus Incentive Plan. The named executive officers include Richard F. Smith, Chairman and Chief Executive Officer; Lee Adrean, Corporate Vice President and Chief Financial Officer; Coretha M. Rushing, Corporate Vice President and Chief Human Resources Officer; Kent E. Mast, Corporate Vice President and Chief Legal Officer; and William W. Canfield, President, TALX.

The Committee approved the following annual stock option and restricted stock unit awards to the named executive officers effective as of April 24, 2009:

                                            Maximum Number of
Named Executive Officer   Stock Options   Restricted Stock Units
R. Smith                        220,000                   90,000
L. Adrean                        41,000                   17,000
C. Rushing                       32,000                   14,000
K. Mast                          30,000                   13,000
W. Canfield                      30,000                   12,000

The stock options are non-qualified, have a ten-year term and vest 33-1/3% on the first anniversary of the grant date and 33-1/3% on each of the next two grant date anniversaries if the officer remains employed by the Company on those dates or has retired, subject to acceleration in the event of a change in control and adjustment in certain events.

The restricted stock units will vest three years from the date of grant if the officer remains actively employed by the Company, subject to acceleration if the termination is due to retirement, death, disability or change in control, and adjustment in certain events.


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