Form 8-K · Current report
Fair Isaac 8-K, filed Oct 6, 2026
- Filed
- CIK
- 0000814547
- Accession no.
- 0001193125-26-415732
Summary
Fair Isaac Corporation committed on October 1, 2026 to a workforce-reduction plan that eliminates approximately 15% of positions across the company, with affected employees notified beginning the week of October 5, 2026. The company expects about $27.0 million in pre-tax charges in the fourth quarter of fiscal 2026 and expects the plan to be substantially complete by the end of the third quarter of fiscal 2027.
Key points
- The plan reduces organizational layers, simplifies the operating structure, optimizes processes and tools, and integrates AI-driven product development.
- Charges consist of employee severance and related costs under the company's existing severance plan or local statutory requirements, substantially all expected to be future cash expenditures.
- The company stated the timing, scope and cost estimates are forward-looking and subject to risks and uncertainties.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.05Costs Associated with Exit or Disposal Activities
From the filing
Item 2.05. Costs Associated with Exit or Disposal Activities. On October 1, 2026, management of Fair Isaac Corporation (the “Company”) committed to a plan of workforce reduction by reducing the number of layers in the organization, simplifying the operating structure, optimizing processes and tools, and integrating AI-driven product development. This plan involves the elimination of approximately 15% of positions across the Company. Affected employees were notified beginning the week of October 5, 2026. The Company expects the plan to be substantially completed by the end of the third quarter of fiscal 2027. …
An excerpt of the text as filed with the SEC, cut for length.
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