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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: May 26, 2000
FactSet Research Systems Inc.
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(Exact name of registrant as specified in its charter)
Delaware 001-11869 13-3362547
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File No.) Identification No.)
One Greenwich Plaza Greenwich, Connecticut 06830
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (203) 863-1500
Item 5. Other Events
On May 22, 2000, the registrant issued the press release filed with this Current
Report on Form 8-K as Exhibit 99.1. The information contained in Exhibit 99.1 is
incorporated by reference herein.
Item 7. Financial Statements and Exhibits
Exhibit No. Description
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99.1 Press Release issued May 22, 2000 (Filed herewith)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FACTSET RESEARCH SYSTEMS INC.
Registrant
By: /s/ Ernest S. Wong
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Senior Vice President,
Chief Financial Officer
and Secretary
Date: May 26, 2000
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Exhibit 99.1
News Release
FOR IMMEDIATE RELEASE
FactSet is a registered trademark of FactSet Research Systems Inc.
Howard E. Wille to Retire as CEO of FactSet Research Systems
Co-Founder Charles J. Snyder Appointed Interim CEO
May 22, 2000, (Greenwich, CT)--FactSet Research Systems Inc., (NYSE: FDS) a
major supplier of computer-based financial and economic data to the investment
community, today announced that Howard E. Wille, 72, has stepped down as Chief
Executive Officer of the Company.
Mr. Wille, who has served as Chairman and Chief Executive since the Company's
formation in 1978, will remain Chairman of the Board of FactSet until the end of
the current fiscal year.
Charles J. Snyder, co-founder of FactSet and Vice Chairman of the Company's
Board of Directors, has been named interim CEO while an executive search is
conducted by the Company's Board of Directors. Michael F. DiChristina will
continue as President and Chief Operating Officer and will report to Mr. Snyder.
"I have spent the last 22 years building and actively managing FactSet," said
Mr. Wille. "However, I believe that the time has come to reduce my role at the
Company, thereby allowing me to spend more time pursuing personal interests.
Chuck has been my partner at FactSet from the beginning and will help guide the
Company in the coming months."
"I am proud of all that we have accomplished, and I am pleased to make this
announcement while the Company is showing robust growth and continued high
profitability," continued Mr. Wille. "FactSet is well positioned to continue to
expand into new markets and create innovative services."
FactSet Research Systems Inc. is a leading provider of global financial and
economic information, including fundamental data on tens of thousands of
companies worldwide. Combining more than 100 databases into its own dedicated
online service, the company also provides the tools to download, combine and
manipulate the data for investment analysis.
The company, headquartered in Greenwich, Connecticut, was formed in 1978 and now
conducts operations from nine locations worldwide including Boston, New York,
San Mateo, London, Tokyo, Hong Kong, and Sydney.