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): DECEMBER 1, 1997
Commission File Number
0-16439
FAIR, ISAAC AND COMPANY, INCORPORATED
(Exact name of registrant as specified in its charter)
DELAWARE 94-1499887
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
120 North Redwood Drive, San Rafael, California 94903
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 472-2211
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ITEM 5. Other Events
On December 1, 1997, the Company exercised an option to purchase
undeveloped land in San Rafael, California, with the intention of constructing
an office complex to accommodate future growth. The purchase price is $9.35
million plus certain costs incurred by the seller as defined in the agreement.
The consummation of the purchase is subject to a variety of closing conditions,
including receipt of required government approvals. Development is expected to
commence in fiscal 1998 and will involve a material capital commitment by the
Company. The Company intends to fund the acquisition and development of this
land using long-term debt, equity or other financing. Excepting external
financing of this capital commitment, the Company believes that the cash and
marketable securities on hand, along with cash expected to be generated by
operations, will be adequate to meet its capital and liquidity needs for both
the current year and the foreseeable future.
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 thereunto duly authorized.
FAIR, ISAAC AND COMPANY, INCORPORATED
DATE: December 10, 1997
By: /s/ PETER L. MCCORKELL
---------------------------------
Peter L. McCorkell
Senior Vice President, Secretary
and General Counsel
