Fair Isaac shareholder loses right to designate board members

By Lisa Kerner

Charlotte, N.C., July 30 - Fair Isaac Co. and some Sandell Asset Management Corp. affiliates amended their Dec. 4, 2008 agreement, removing the Sandell Group's right to name designees to the company's board of directors to replace Nick Graziano, Allan Loren and John S. McFarlane in the event they are unable to perform their duties.

According to a form 8-K filed with the Securities and Exchange Commission, Graziano is no longer with the Sandell Group.

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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