Fair Isaac, Sandell reach agreement on board nominees

By Lisa Kerner

Charlotte, N.C., Dec. 9 - Fair Isaac Corp. and Sandell Asset Management Corp. agreed to propose four director nominees for election at the company's 2009 annual meeting of stockholders.

The nominees include John S. McFarlane, current directors Nick Graziano and Allan Loren and an individual selected by the board and acceptable to Sandell, according to a form 8-K filed with the Securities and Exchange Commission.

Fair Isaac directors Guy R. Henshaw and Tony J. Christianson will not stand for re-election at the 2009 annual meeting.

Sandell also agreed to vote its shares in favor of the nominees and the six other current members of the board who stand for re-election.

If Sandell's beneficial ownership of Fair Isaac's common stock becomes less than 3%, Graziano, Loren and McFarlane, with board approval, will resign from the board, the filing said.

Fair Isaac is a Minneapolis-based provider of analytic, software and data management products and services in four segments: strategy machine solutions, scoring solutions, professional services and analytic software tools.

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