The Hartford Announces Executive Leadership Changes to Advance Technology and Operations Strategy

The Hartford (NYSE: HIG) has unveiled a strategic organizational shift, expanding the roles of two key executives to strengthen its focus on technology and operations. Shekar Pannala has been named Chief Information Officer, overseeing Technology, cybersecurity, infrastructure, and cloud modernization. Jeffery Hawkins has been appointed Chief Data, AI and Operations Officer, leading the company’s efforts in data, analytics, AI, and enterprise operations. Both executives will report directly to Chairman and CEO Christopher Swift.

The changes come alongside the resignation of Deepa Soni, former Chief Information and Operations Officer, who is leaving the company to pursue an external opportunity. She will assist in ensuring a smooth leadership transition.

CEO Swift noted that the new structure supports The Hartford’s goal of deepening its capabilities in digital transformation, cloud modernization, and AI integration, building on recent advancements.

Pannala brings over 30 years of experience in technology leadership, including roles at Chubb, S&P Global, and BNY Mellon. Hawkins has over 25 years of experience, most recently serving as CIO at CVS Health and holding leadership roles at Humana focused on digital innovation.

The Hartford is a leading provider of property and casualty insurance, employee benefits, and mutual funds, with over 200 years of industry experience. More information is available at [thehartford.com](https://www.thehartford.com).

Yum! Brands CEO David Gibbs to Retire in 2026; Succession Planning Underway

Yum! Brands (NYSE: YUM) has announced that Chief Executive Officer David Gibbs will retire in the first quarter of 2026, concluding a distinguished 36-year career with the company. The Board of Directors has launched a succession planning process to identify the next CEO, with Gibbs continuing to lead during the transition.

Gibbs, who became CEO in January 2020, guided the company through a digital transformation and navigated it through the COVID-19 pandemic. Under his leadership, Yum! Brands accelerated restaurant development, tripled annual net new unit growth, and surpassed $30 billion in digital sales in 2024, with more than half of all transactions conducted through digital channels.

Non-Executive Chairman Brian Cornell praised Gibbs’ legacy, noting his transformative impact on the company and his role in strengthening the company’s iconic brands—KFC, Taco Bell, Pizza Hut, and Habit Burger Grill.

Yum! Brands operates over 61,000 restaurants in more than 155 countries and territories and continues to rank highly across sustainability, innovation, and franchise leadership rankings.

The next CEO is expected to be appointed with ample time to ensure a seamless transition. Gibbs reaffirmed his commitment to supporting the process and delivering on the company’s strategic growth objectives in the meantime.

Yum! Brands Partners with NVIDIA to Advance AI Technology in Restaurants
Louisville, KY – March 18, 2025 – Yum! Brands, Inc. (NYSE: YUM) announced a strategic partnership with NVIDIA to accelerate the development of AI-driven innovations across its global restaurant network. This collaboration aims to enhance automation, customer service, and operational efficiency at KFC, Taco Bell, Pizza Hut, and The Habit Burger Grill locations worldwide.

By leveraging NVIDIA's AI expertise, Yum! Brands intends to improve predictive analytics, drive-thru automation, digital ordering, and kitchen efficiency, streamlining restaurant operations and enhancing the customer experience.

The official press release regarding this partnership is included as Exhibit 99.1 in Yum! Brands' Form 8-K filing.

Yum! Brands hosted Taco Bell Consumer Day on March 4, 2025, providing an overview of its long-term strategy and recent performance updates. The company outlined growth targets for Taco Bell, including an 8% projected U.S. same-store sales increase for the first quarter of 2025, company restaurant margins of 24-25% for the year, and the addition of 100 net-new international units.

By 2030, Yum! Brands aims for Taco Bell to reach $3.0 million in annual unit volumes (AUVs) in the U.S., expand company restaurant margins to 25-26%, and establish 3,000 international locations. The company emphasized its focus on innovation and brand experience to drive growth.

Yum! Brands issued a press release on the event, which is available on its investor relations website. The company included standard forward-looking statements, cautioning that results could vary due to franchisee performance, global economic conditions, geopolitical risks, and the execution of its technology initiatives.

Yum! Brands, Inc. reported strong financial results for the fourth quarter and full year 2024. Fourth-quarter GAAP EPS was $1.49, and EPS excluding Special Items was $1.61. For the full year, GAAP EPS was $5.22, and EPS excluding Special Items was $5.48, reflecting a 6% increase.

David Gibbs, CEO, highlighted the strong growth in core operating profits, with Taco Bell U.S. achieving 5% same-store sales growth in Q4 and KFC International adding over 2,000 net new units. Chris Turner, CFO, noted the opening of 4,535 new stores globally and the company’s digital progress, with digital sales up 15%. Yum! also launched Byte by Yum!, a proprietary AI-driven digital ecosystem to streamline operations across its restaurants.

In strategic news, Yum! promoted Scott Mezvinsky to KFC Division CEO, announced new concepts like Saucy by KFC and Taco Bell’s Live Más Cafe, and introduced a new Pizza Hut restaurant design.

Ford Q1 2025 Sales Soar: Best Pickup Start in Over 20 Years, Electrified Vehicle Sales Reach Record High

Ford Motor Company kicked off 2025 with a strong performance, recording its best first-quarter pickup truck sales in more than two decades and setting a new record for electrified vehicle sales. U.S. retail sales rose 5% in Q1, fueled by a 19% surge in March.

F-Series and Pickups Lead the Charge
The F-Series, America’s best-selling truck, saw sales grow 24% in Q1, including a 38% spike in March alone. Total Ford pickup sales—including the F-Series, Ranger, and Maverick—reached 243,317 units. The Maverick hit an all-time monthly sales record in March with 19,008 units sold.

Electrified Vehicles Hit New Highs
Ford sold a record 73,623 electrified vehicles in Q1, up 26% from last year, with hybrids and EVs up 33% and 12%, respectively. Mustang Mach-E sales set a Q1 record at 11,607 units, while E-Transit sales rose 30%. The hybrid Maverick became the top-selling hybrid pickup in the U.S. with 21,414 units sold. Electrified vehicles made up 15% of Ford's total Q1 sales.

Off-Road Vehicles Gain Ground
Sales of off-road performance models jumped 20% to 105,222 vehicles. Bronco sales surged 35% to 32,595 units, and the Bronco family (including Bronco Sport) totaled 65,958 vehicles—up 19% year-over-year. Bronco also outsold Jeep Wrangler in December 2024 and January 2025, based on latest registration data.

Ford Pro, BlueCruise, and Remote Services Expand
Ford Pro Intelligence software subscriptions grew 20% year-over-year, reaching approximately 674,000. The company’s BlueCruise hands-free driving tech continues to gain traction, with an estimated 5 million cumulative hands-free highway hours. Meanwhile, Ford and Lincoln dealers conducted over 879,000 remote services in Q1, including more than 500,000 Mobile Service visits.

Despite a 1% overall sales dip driven by reduced fleet deliveries and discontinued models, Ford’s strong retail momentum, robust pickup and EV sales, and growing service platforms underscore its continued transformation under the Ford+ strategy.

For more details, visit [corporate.ford.com](https://corporate.ford.com).

Ford Motor Company reported its fourth-quarter and full-year 2024 financial results. Fourth-quarter revenue was $48.2 billion, with a net income of $1.8 billion and an adjusted EBIT of $2.1 billion. Full-year revenue was $185 billion, with a net income of $5.9 billion, an adjusted EBIT of $10.2 billion, and an adjusted free cash flow of $6.7 billion. The company announced regular and supplemental dividends of 15 cents per share, payable on March 3. The outlook for 2025 includes an adjusted EBIT between $7.0 billion and $8.5 billion, free cash flow between $3.5 billion and $4.5 billion, and capital spending between $8 billion and $9 billion. Ford's leadership stated that the company will continue its Ford+ transformation, focusing on quality, cost management, and long-term financial performance.

Ford Motor Company announced a pre-tax remeasurement gain of approximately $0.7 billion related to its pension and other postretirement employee benefits (OPEB) plans for the fourth quarter of 2024. The gain includes:

- A $0.3 billion loss for U.S. pension plans.
- A $0.9 billion gain for pension plans outside the U.S.
- A $0.1 billion gain for global OPEB plans.

The remeasurement gain, driven by higher discount rates compared to year-end 2023 but partially offset by lower-than-expected asset returns, will increase Ford's net income by $0.4 billion after taxes. Since this is classified as a special item, it will not impact the company's adjusted EBIT or adjusted earnings per share.

Ford stated that this remeasurement had no cash impact in 2024 and does not alter expectations for 2025 pension contributions. At year-end 2024, the underfunded status for its pension plans is expected to be around $0.5 billion, down from $2.3 billion at year-end 2023, while OPEB plans are projected to have an underfunded status of $4.4 billion, compared to $4.7 billion the previous year. Ford emphasized that its funded plans remain fully funded.

Cox Automotive reports that electric vehicle (EV) sales in the U.S. reached a record 1.3 million units in 2024, a 7.3% increase compared to 2023. The fourth quarter alone saw a 15.2% year-over-year rise in sales, highlighting strong demand driven by automaker incentives, competitive lease deals, and government programs. Despite Tesla's dominance in the EV market with the Model Y and Model 3 accounting for over 40% of total EV sales, the company experienced a year-over-year decline of over 37,000 units. In contrast, brands like General Motors and Honda significantly increased their sales, contributing to the market's growth.

The hypercompetitive U.S. EV market introduced 17 new models in 2024, with vehicles like the Ford Mustang Mach-E and Hyundai Ioniq 5 gaining traction alongside Tesla's lineup. The introduction of the Tesla Cybertruck also marked a notable milestone. Cox Automotive forecasts further growth in 2025, expecting EVs to comprise nearly 10% of total vehicle sales, driven by the launch of more than 15 new products, improved charging infrastructure, and sustained incentives. Although potential policy changes in Washington could slow this momentum, the market's expansion is expected to continue as buyers move quickly to take advantage of current benefits. (Source: Cox Automotive)

L3Harris Technologies (NYSE: LHX) will release its first quarter 2025 financial results before the market opens on Thursday, April 24, 2025.

The company will then host an earnings call on Thursday, April 24, 2025, at 10:30 a.m. ET. Participants are encouraged to listen via webcast at L3Harris.com.

A recording of the call will be available on L3Harris.com beginning at approximately 12 p.m. ET on April 24, 2025.

L3HARRIS SOLID ROCKET MOTORS POWER SUCCESSFUL U.S. MISSILE DEFENSE TEST

L3Harris Technologies has successfully demonstrated its new eSR-19 advanced large solid rocket motor in a recent U.S. Missile Defense Agency test. The air-launched Medium Range Ballistic Missile target, equipped with a Hypersonic Target Vehicle, was launched from a C-17 aircraft near Hawaii. The test, known as Flight Test Other-40, showcased the missile’s capabilities and helped the USS Pinckney track and simulate interception using an upgraded Standard Missile 6.

The eSR-19 motor, an enhanced version of the SR-19 used in Minuteman III missiles, features a lighter composite case and other improvements to increase performance. The motor powered the missile's first and second stages during the exercise. According to Aerojet Rocketdyne President Ken Bedingfield, the new design allows for a wider range of realistic target scenarios, helping the Missile Defense Agency develop and refine test strategies.

This successful test marks the 39th launch by L3Harris in support of the U.S. missile defense program, reinforcing the company’s role in strengthening national security through advanced propulsion and target systems.

L3Harris Technologies, Inc. has entered into a new $2.5 billion, five-year senior unsecured revolving credit facility, replacing its previous $2 billion facility. The new agreement, effective February 18, 2025, allows the company to borrow, prepay, and re-borrow funds under specific conditions. The facility includes provisions for wholly-owned subsidiaries in the U.S., Canada, or the U.K. to be designated as borrowers, with obligations guaranteed by L3Harris.

Additionally, L3Harris established a new $500 million, 364-day senior unsecured revolving credit facility, replacing a prior $1.5 billion facility that matured on January 24, 2025. This facility allows for borrowing and repayment through February 17, 2026, with interest rates tied to SOFR or base rate benchmarks.

Both agreements include customary financial covenants, representations, and warranties, and they provide flexibility for L3Harris to manage its capital needs. The prior credit agreements have been terminated without penalty.

L3Harris Technologies reported strong fourth-quarter and full-year 2024 financial results, achieving a record $34 billion backlog and surpassing cost-saving targets. Fourth-quarter revenue increased 3% to $5.5 billion, with full-year revenue rising 10% to $21.3 billion, reflecting solid demand across its defense and aerospace businesses. GAAP diluted EPS for Q4 was $2.37, while non-GAAP diluted EPS was $3.47. For the full year, GAAP diluted EPS was $7.87, and non-GAAP diluted EPS reached $13.10. Adjusted free cash flow for 2024 totaled $2.3 billion, a 14% increase.

Key business segments showed mixed performance: Integrated Mission Systems (IMS) revenue grew 9% in Q4, driven by higher aircraft missionization volume and increased demand for advanced electronics. Communication Systems (CS) revenue rose 5% on strong international demand for tactical radios. Space & Airborne Systems (SAS) saw a 4% revenue decline, mainly due to lower F-35-related volume, while Aerojet Rocketdyne (AR) revenue increased 5% as missile production ramped up.

The company is targeting $1.2 billion in cost savings from its LHX NeXt initiative by 2025, a year ahead of schedule. For 2025, revenue is projected between $21.8 billion and $22.2 billion, with adjusted segment operating margin expected in the mid-to-high 15% range. Non-GAAP diluted EPS (new methodology) is forecasted between $10.55 and $10.85, reflecting a 10% growth.

L3Harris remains focused on operational efficiencies, international expansion, and shareholder returns, leveraging its position as a leading defense contractor in a dynamic global market.

Garmin Launches vívoactive 6 Smartwatch with Enhanced Health, Fitness, and Connectivity Features

Garmin unveiled its latest smartwatch, the vívoactive® 6, on April 1, 2025, showcasing a brighter AMOLED display, extended battery life of up to 11 days, and a comprehensive suite of health, fitness, and smart features. Designed for everyday wellness and active lifestyles, vívoactive 6 aims to help users better understand their bodies through features such as Body Battery™, HRV status, Pulse Ox, stress tracking, and sleep coaching.

The new smartwatch includes over 80 built-in sports apps, guided workouts, and adaptive training plans via Garmin Coach. Additional tools like PacePro™, running power metrics, and workout recovery insights support performance optimization. Smart features include text and call notifications, Garmin Pay™, and downloadable music from Spotify, Amazon Music, and Deezer.

With safety features like incident detection and location sharing, vívoactive 6 is available in four color options and priced at $299.99. It will be available for purchase on Garmin.com starting April 4.

Garmin fēnix Smartwatches Assist Groundbreaking Human Spaceflight Research in Fram2 Mission

Garmin announced its fēnix® smartwatches are playing a central role in monitoring crew health aboard the Fram2 mission—the first human spaceflight launched into polar orbit. The all-civilian crew is wearing “space-ready” fēnix watches to help researchers understand the effects of space travel on physical and mental well-being.

Partnering with the Translational Research Institute for Space Health (TRISH) at Baylor College of Medicine, the mission leverages Garmin’s robust health-tracking features—heart rate, Pulse Ox, Body Battery™ and more—on a single long-lasting charge. These biometrics will be added to TRISH’s EXPAND database to support medical condition detection and behavioral health research during space missions.

Garmin Health’s API and SDK are also allowing real-time integration of wearable data into scientific applications, underscoring the company's growing role in digital health and space medicine innovation.

Fram2 marks the second private spaceflight utilizing Garmin wearable technology and the first to enter polar orbit.

Garmin Launches vívoactive 6 Smartwatch with Enhanced Health, Fitness, and Connectivity Features

Garmin unveiled its latest smartwatch, the vívoactive® 6, on April 1, 2025, showcasing a brighter AMOLED display, extended battery life of up to 11 days, and a comprehensive suite of health, fitness, and smart features. Designed for everyday wellness and active lifestyles, vívoactive 6 aims to help users better understand their bodies through features such as Body Battery™, HRV status, Pulse Ox, stress tracking, and sleep coaching.

The new smartwatch includes over 80 built-in sports apps, guided workouts, and adaptive training plans via Garmin Coach. Additional tools like PacePro™, running power metrics, and workout recovery insights support performance optimization. Smart features include text and call notifications, Garmin Pay™, and downloadable music from Spotify, Amazon Music, and Deezer.

With safety features like incident detection and location sharing, vívoactive 6 is available in four color options and priced at $299.99. It will be available for purchase on Garmin.com starting April 4.

Garmin fēnix Smartwatches Assist Groundbreaking Human Spaceflight Research in Fram2 Mission

Garmin announced its fēnix® smartwatches are playing a central role in monitoring crew health aboard the Fram2 mission—the first human spaceflight launched into polar orbit. The all-civilian crew is wearing “space-ready” fēnix watches to help researchers understand the effects of space travel on physical and mental well-being.

Partnering with the Translational Research Institute for Space Health (TRISH) at Baylor College of Medicine, the mission leverages Garmin’s robust health-tracking features—heart rate, Pulse Ox, Body Battery™ and more—on a single long-lasting charge. These biometrics will be added to TRISH’s EXPAND database to support medical condition detection and behavioral health research during space missions.

Garmin Health’s API and SDK are also allowing real-time integration of wearable data into scientific applications, underscoring the company's growing role in digital health and space medicine innovation.

Fram2 marks the second private spaceflight utilizing Garmin wearable technology and the first to enter polar orbit.

GARMIN INTRODUCES GARMIN CONNECT+ WITH PERSONALIZED AI HEALTH AND FITNESS INSIGHTS

Garmin has launched Garmin Connect+, a premium subscription service within its Garmin Connect app, aimed at offering more personalized health and fitness features. Announced on March 27, 2025, the new plan includes advanced tools such as AI-powered Active Intelligence insights, expert coaching, live workout feedback, expanded safety tracking, and exclusive challenges.

The platform’s new AI system delivers tailored suggestions based on real-time user data, becoming more customized over time. Additional features include a performance dashboard for tracking long-term trends, enhanced LiveTrack options for real-time location sharing during activities, and unique social challenges.

Garmin Connect+ is available with a 30-day free trial, followed by a $6.99 monthly or $69.99 annual subscription. All existing features in Garmin Connect remain free to users. The launch reflects Garmin’s continued focus on innovation and supporting users in achieving their health and fitness goals through deeper data insights and coaching.

Garmin Ltd. reported strong financial results for the fourth quarter and full year of 2024, achieving record consolidated revenue of $6.3 billion, a 20% increase from the prior year. Gross margin expanded to 58.7%, while operating income rose 46% to $1.59 billion. Fourth-quarter revenue grew 23% year-over-year to $1.82 billion, with significant growth in the fitness and outdoor segments. The company shipped over 300 million units since inception and launched innovative new products, including the Approach R50 golf launch monitor and Descent X50i dive computer. Garmin enters 2025 with strong momentum and plans multiple product launches.

Huggies Launches Poop Poncho Campaign to Highlight New Little Snugglers with All-Around Blowout Protection

Kimberly-Clark’s Huggies brand introduced the limited-edition “Poop Poncho” in a cheeky campaign celebrating the newly improved Huggies Little Snugglers diapers, now featuring blowout protection in every direction for sizes 1 and 2. The poncho, emblazoned with “Wish I Had Huggies” on the back, humorously spotlights the reality of diaper blowouts and promotes the brand’s innovation in diaper design.

Backed by research showing baby poop can travel up to seven feet per second, the campaign encourages parents to avoid messy surprises by choosing Little Snugglers. The diapers feature front and back blowout blockers, stretchy leg cuffs, a GentleAbsorb Liner, and a color-changing wetness indicator. They are also fragrance-free and designed for sensitive skin.

Parents can enter to win a Poop Poncho through April 4 at PoopPoncho.com. The campaign supports Huggies’ broader mission to provide practical solutions and peace of mind to caregivers navigating the messier moments of parenting.

Learn more at [Huggies.com](https://www.huggies.com/en-us/diapers/little-snugglers).

KIMBERLY-CLARK’S KOBLENZ SITE SET TO OPERATE ON 100% RENEWABLE ENERGY BY 2029

Kimberly-Clark has announced that its tissue manufacturing facility in Koblenz, Germany will become the company’s first to transition fully to 100% renewable energy by 2029. This transformation, supported by a Carbon Contract for Difference grant from the German government and recent virtual power purchase agreements, is expected to reduce carbon emissions by approximately 50,000 metric tonnes of CO2 equivalent annually—the same as the energy use of 6,700 homes.

The transition will involve electrifying the site's heating systems and sourcing renewable electricity from offsite solar projects in Italy and Spain. Planned upgrades include converting natural gas boilers and related infrastructure to electric systems, which alone will cut over 13,000 metric tonnes of emissions per year. The renewable electricity sourcing will account for an additional estimated reduction of 36,000 metric tonnes.

This effort supports Kimberly-Clark’s broader goal of cutting scope 1 and 2 emissions by 50% from 2015 levels. Other recent sustainability milestones include rooftop solar installations in Spain and South Africa and the launch of a wind farm in Scotland.

Koblenz also contributes to Kimberly-Clark Professional’s closed-loop recycling program, where used hand towels collected across several countries are turned into new tissue products. This initiative underscores the company’s commitment to sustainability and innovation in manufacturing.

Dominion Energy Virginia Proposes First Base Rate Increase Since 1992 to Support Grid Reliability and Clean Energy

Dominion Energy Virginia filed proposals with the Virginia State Corporation Commission to update its base and fuel rates, citing rising operational costs and the need to support infrastructure growth and clean energy investments.

If approved, the typical residential customer would see an $8.51 monthly base rate increase in 2026, followed by a $2.00 increase in 2027. This would mark the company’s first base rate hike in over three decades. Dominion noted that its rates have risen at a pace about 40% below inflation over the past ten years.

The company attributed the proposed changes to inflationary pressures on labor, materials, and essential equipment, as well as increasing energy demands driven by customer growth. Additionally, Dominion is proposing to shift power capacity costs—assigned by regional grid operator PJM—from base rates to fuel rates to improve cost transparency. Combined with higher projected fuel prices and the end of a fuel credit, this would result in a $10.92 increase in monthly fuel charges beginning July 1, 2025.

To further safeguard customers, Dominion is introducing a new rate class for high energy users such as data centers. These users would be required to commit to a 14-year service agreement to ensure they cover the full cost of their electricity needs, protecting other customers from shouldering potential stranded costs.

Dominion emphasized its commitment to reliability, affordability, and clean energy, and reassured customers of available assistance through its Energy Share program, which offers bill support and free energy efficiency upgrades. The new base rates would take effect on January 1, 2026, and January 1, 2027.

Dominion Energy South Carolina Urges Public to Call 811 Before Digging

On April 1, 2025, Dominion Energy South Carolina issued a safety reminder in honor of National Safe Digging Month, encouraging homeowners, contractors, and landscapers to contact 811 before beginning any outdoor digging projects. The call ensures underground utility lines are marked to prevent injuries, service disruptions, and property damage.

South Carolina law requires individuals to notify 811 at least three full business days prior to excavation. Common projects such as planting trees, installing mailboxes, or building fences can risk striking underground natural gas or electric lines if proper precautions aren’t taken.

The company highlighted that third-party excavation damage is the leading threat to its natural gas system in the state. Dominion Energy emphasized three steps to safe digging: call 811 or visit SC811.com, wait for professional utility markings, and dig carefully around the marked areas.

For more information, visit [DominionEnergy.com/safety/call-before-you-dig](https://www.dominionenergy.com/safety/call-before-you-dig).

**DOMINION ENERGY SOUTH CAROLINA HONORED FOR SMALL BUSINESS ENERGY EFFICIENCY PROGRAM**

Dominion Energy South Carolina has received national recognition for its Small Business Energy Solutions program, earning the SMB Engagement Award from the Smart Energy Consumer Collaborative (SECC) at the 2025 Consumer Symposium. The award celebrates innovation and leadership in customer-focused energy programs across the United States.

The program helps small and midsize businesses in South Carolina reduce energy costs by offering financial incentives and expert support for energy-efficient upgrades to lighting, heating, and cooling systems. Dominion Energy was praised for its comprehensive approach, combining financial assistance, customer education, and quality implementation.

President Keller Kissam highlighted the company’s commitment to supporting local businesses with effective energy-saving solutions. SECC’s President & CEO Nathan Shannon noted that Dominion Energy’s efforts exemplify how electricity providers are innovating to help customers meet energy challenges during the ongoing energy transition.

More information about Dominion Energy’s program is available at DominionEnergy.com/SmallBizSC.

Dominion Energy has entered into an underwriting agreement to issue and sell $1.5 billion in senior notes. The offering includes $800 million of 5.00% Series A Senior Notes due 2030 and $700 million of 5.45% Series B Senior Notes due 2035. These notes are registered under Rule 415 of the Securities Act and are issued under the company’s 2015 Senior Indenture.

The underwriters for the offering include MUFG Securities Americas, Scotia Capital (USA), SMBC Nikko Securities America, Truist Securities, and Wells Fargo Securities. The proceeds from the offering will be used for general corporate purposes.

The company has filed the underwriting agreement, supplemental indentures, and legal opinion as exhibits to its Form 8-K.

MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it will release its results for the first quarter 2025 on Tuesday, April 22, 2025, before the market opens. A copy of the earnings release, as well as an earnings presentation and a quarterly update, will be made available on MSCI’s Investor Relations website.

MSCI’s senior management will review the first quarter 2025 results on Tuesday, April 22, 2025, at 11:00 AM Eastern Time. To listen to the live event via webcast, visit the events and presentations section of MSCI’s Investor Relations website, https://ir.msci.com/events-and-presentations.

MSCI Inc. announced that Wayne Edmunds has decided to retire from its Board of Directors and will not stand for re-election at the 2025 Annual Meeting of Shareholders. Edmunds has served on the board since 2015 and is currently a member of the Audit and Risk Committee and the Compensation, Talent, and Culture Committee. His retirement is not due to any disagreements regarding MSCI’s operations, policies, or practices.

Following his departure, MSCI’s board will be reduced from thirteen to twelve members. The report was signed by Chairman and CEO Henry A. Fernandez on February 25, 2025.

MSCI Inc. granted CEO Henry A. Fernandez a one-time stock option award valued at $15 million, with exercise prices set at significant premiums to the current stock price. The options will vest in five years and are subject to continued service. The company also increased his annual long-term equity incentive compensation from $11.6 million to $14.6 million, with the entirety of the award being performance-based. The changes reflect MSCI’s commitment to aligning executive compensation with shareholder value.

MSCI Inc. announced that its Board of Directors has appointed June Yang as an independent director, effective December 17, 2024. Initially, she was not assigned to any board committee. However, on January 28, 2025, the Board appointed her to the Audit and Risk Committee.

Under the company's non-employee director compensation program, she will receive an annual retainer of $10,000 for her service on the committee, payable in cash or stock at her election. The retainer will be prorated from the date she joined the committee.

MSCI Inc. , , today announced its financial results for the three months ended December 31, 2024 (“fourth quarter 2024”) and full year ended December 31, 2024 (“full year 2024”).

Financial and Operational Highlights for Fourth Quarter 2024
(Note: Unless otherwise noted, percentage and other changes are relative to the three months ended December 31, 2023 (“fourth quarter 2023”) and Run Rate percentage changes are relative to December 31, 2023).


•Operating revenues of $743.5 million, up 7.7%; Organic operating revenue growth of 7.4%
•Recurring subscription revenues up 7.5%; Asset-based fees up 20.8%
•Operating margin of 54.5%; Adjusted EBITDA margin of 60.8%
•Diluted EPS of $3.90, down 23.1%; Adjusted EPS of $4.18, up 13.6%
•New recurring subscription sales down by 0.9%; Organic recurring subscription Run Rate growth of 7.9%; Retention Rate of 93.1%
•In full year 2024 and through January 28, 2025, a total of $865.5 million or 1,599,271 shares were repurchased at an average repurchase price of $541.20
•In fourth quarter 2024, dividends of $124.8 million were paid to shareholders; Cash dividend of $1.80 per share declared by MSCI Board of Directors for first quarter 2025, an increase of 12.5%

FICO Reports 70% Surge in Consumers Checking Credit Scores via myFICO

FICO announced a significant increase in consumer engagement with its free credit score platform, myFICO.com, noting a nearly 70% year-over-year rise in users accessing their FICO® Score 8. This trend comes as more Americans, especially during National Financial Literacy Month, actively seek to understand and improve their credit health.

FICO, whose scores are used by 90% of top U.S. lenders, has enhanced accessibility through initiatives like the FICO® Score Open Access Program and the Score A Better Future™ educational series. These tools help consumers understand credit factors, receive personalized coaching, and track their financial standing without harming their scores.

A recent FICO study found that 74% of Americans believe financial education could improve their financial outlook. The report also addressed a common myth: checking your own FICO Score does not lower it.

With growing demand for transparent and empowering financial tools, FICO continues to expand access and education, reinforcing its mission to give consumers clarity and control over their credit. To enroll in the free program, visit [myFICO.com/free](https://www.myfico.com/free).

FICO Data Shows Lasting Positive Impact of Pandemic on UK Credit Card Payment Habits

FICO has released a six-year analysis of UK credit card payment trends, revealing that financial habits formed during the COVID-19 pandemic have endured. The pandemic prompted consumers to pay off more of their credit card balances, aided by fewer spending opportunities and government financial support. This shift has continued post-pandemic, even during ongoing economic pressures.

The percentage of balances paid peaked at 42% in May 2022 and remains 5% above pre-pandemic levels. Similarly, the share of consumers paying off their full balance rose from 45% pre-pandemic to a peak of 55% in December 2022 and remains steady at 50%. Fewer consumers now pay less than the minimum due, and more are using direct debit, though adoption has declined among newer customers.

FICO suggests that credit card issuers can build loyalty and spending by offering personalized incentives and flexible payment options to these financially healthier consumers.

FICO SURVEY REVEALS TRUST GAP IN REAL-TIME PAYMENTS AMONG UK CONSUMERS

A recent survey by FICO highlights that while most UK consumers have used Real-Time Payments (RTP), many remain unsure about their security. Nearly a quarter of respondents (23%) are uncertain whether RTP includes adequate security checks, and only 35% believe RTP is more secure than credit cards—well below the global average of 51%. Usage in the UK also trails the global average, with 79% having sent and 73% having received RTP compared to 91% and 89% globally. FICO emphasizes the need for banks to better educate customers about RTP benefits and security measures. The company suggests that using trusted communication channels, like banking apps, can help build consumer confidence and combat scams.

Fair Isaac Corporation (FICO) Announces Results of 2025 Annual Meeting of Stockholders
BOZEMAN, MONTANA, March 6, 2025 – Fair Isaac Corporation (NYSE: FICO), a leading provider of analytics and decision management technology, today announced the results of its 2025 Annual Meeting of Stockholders, held on March 5, 2025.

Of the 24,442,840 shares of common stock entitled to vote, a total of 21,891,529 shares were represented in person or by proxy at the meeting.

Key Voting Results:
1. Election of Directors
All nominees recommended by the Board of Directors were elected. The votes were as follows:

Nominee For Against Abstain Broker Non-Votes
Braden R. Kelly 17,360,660 2,840,059 9,787 1,681,023
Fabiola R. Arredondo 19,035,157 1,166,798 8,551 1,681,023
William J. Lansing 20,078,469 122,268 9,769 1,681,023
Eva Manolis 19,036,392 1,165,514 8,600 1,681,023
Marc F. McMorris 19,969,528 230,498 10,480 1,681,023
Joanna Rees 18,388,596 1,813,258 8,652 1,681,023
David A. Rey 19,073,340 1,126,992 10,174 1,681,023
H. Tayloe Stansbury 20,125,355 75,857 9,294 1,681,023
All directors were elected for the designated terms.

2. Advisory Vote on Executive Compensation
Stockholders approved the non-binding advisory resolution on the compensation of the company’s named executive officers.

For Against Abstain Broker Non-Votes
16,843,647 2,679,108 687,751 1,681,023
3. Ratification of Independent Auditor
The stockholders ratified the appointment of Deloitte & Touche LLP as Fair Isaac Corporation’s independent registered public accounting firm for fiscal year 2025.

For Against Abstain
20,874,302 1,008,953 8,274
About Fair Isaac Corporation (FICO)
Fair Isaac Corporation (FICO) is a global leader in predictive analytics, decision management software, and artificial intelligence solutions. Best known for its FICO Score, which is widely used in consumer credit risk assessment, the company helps businesses make smarter decisions with advanced analytics and machine learning.

For more information, visit www.fico.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ. Please refer to FICO’s most recent Annual Report on Form 10-K and other SEC filings for a discussion of risk factors.