UNITED STATES
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 (date of earliest event reported): April 28, 2000
FACTUAL DATA CORP.
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(Exact name of registrant as specified in its charter)
Colorado 0-24205 84-1449911
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
5200 Hahns Peak Drive
Fort Collins, Colorado 80538
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(Address of principal executive offices)
(970) 663-5700
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On April 28, 2000, the registrant entered into an Affiliate Services
Agreement (Lease Expansion) with Experian Information Solutions, Inc.
("Experian"). The registrant leased Experian's customer base in certain zip code
areas (primarily Colorado) with the exception of some of Experian's national
accounts. The Agreement will be treated for accounting purposes similar to a
capital lease under which an asset and corresponding liability will be booked to
reflect the future revenues purchased by the registrant from Experian and the
future payments the registrant is obligated to make to Experian over the next
five years.
In addition, the Agreement provides for rebates to the registrant if
report volumes achieve various levels. Experian has the right to cancel the
Agreement after year five if the registrant has not increased the basic report
volume by 50% by then.
The Agreement, which contains other important provisions, is attached
hereto as an exhibit and is incorporated hereby this reference; the introduction
above is qualified by such reference.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements--not required.
(b) Exhibits--filed herewith
Number Description
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10.1 Experian Affiliate Services Agreement
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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.
FACTUAL DATA CORP.
Date: August 15, 2000 By: /s/ J.H. Donnan
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J.H. Donnan,
Chief Executive Officer
