ITEM 1. BUSINESS - ------- --------
Equifax Inc. is a holding company which conducts its business operations through subsidiary companies. The Company's business areas are divided into separate groups and are conducted on a "profit center" basis with self-contained functional integrity, although Equifax Inc. continues to supply centralized overall financial, legal, public relations, tax and similar services.
The Company was founded as a credit reporting agency under the name "Retail Credit Company" in Atlanta, Georgia, in 1899. Over the next several years, the Company established itself in the area of investigation of applicants for insurance. The business grew, and by 1920, the Company had numerous branch offices throughout the United States and Canada. Since that time, the Company has continued to expand on its domestic and international basis and diversify by means of internal development and strategic acquisitions. In late 1975, the Company changed its name from "Retail Credit Company" to "Equifax Inc." In mid- 1997, the Company divested its insurance services operations which was accomplished through the spinoff of a subsidiary company to shareholders. The specific products and services presently offered by the Company are described below under the respective Company segment headings.
Since January 1993, the Company has had an open market share repurchase program. During 1997, the Company repurchased 4,143,000 shares at a cost of $129.1 million.
In February 1997, the Company acquired two companies, HLS Financial Group and Foothills Collection Services, risk management companies offering collections services to the healthcare industry.
In March 1997, the Company acquired the remaining fifty percent interest in DICOM S.A., a provider of consumer and commercial information in Chile.
The Company sold its National Decision Systems business unit (part of the North American Information Services segment) in the second quarter of 1997.
In August 1997, the Company spun off of its Insurance Services segment to shareholders.
Through a joint venture with Asociacion Nacional de Entidades de Financiacion (ASNEF), the Company in July 1997 acquired Group Incresa S.A., a Spanish commercial information services company.
In November 1997, the Company entered into a joint venture with Transaction Technologies Limited, to provide credit card processing services to commercial banks in India. The Company owns fifty percent in this new venture.
In December 1997, the Company contracted to purchase an additional 1/3 of Organizacion Veraz S.A., increasing the Company's ownership interest to 66 2/3%. This transaction was completed in February 1998. Veraz is the largest provider of financial information in Argentina.
Also, in December 1997, the Company acquired Goldleaf Technologies, Inc., an electronic banking software company located in Hahira, Georgia.
The Company also acquired sixteen credit bureaus during 1997.
Reference is made to acquisitions and investments in unconsolidated affiliates reported in Note 4 and industry segment information reported in Note 14 of the Notes to Consolidated Financial Statements, included as Exhibit 13.3 in Part IV, Item 14 of this report, which are hereby incorporated by reference.
A description of the Company's products or services by industry segment follows:
North American Information Services Segment - -------------------------------------------
This segment includes Equifax Credit Information Services, Inc. and its wholly- owned subsidiaries Credit Northwest Corporation; Market Knowledge, Incorporated; Equifax-Rochester, Inc.; Acrofax Inc.; Equifax Canada Inc. and its wholly-owned subsidiaries Equifax Canada (AFX) Inc. and Telecredit Canada, Inc.
The Company's principal classes of service for this segment are informational services for consumer credit reporting purposes and risk management services. Customers include banks, financial institutions, retailers, utilities and telecommunications companies, petroleum companies, travel and entertainment card companies, auto finance and leasing firms, automobile dealers and rental companies, hotels and motels, educational institutions, mortgage lenders, hospitals and healthcare administrative companies. Informational services for consumer credit reporting purposes accounted for 40% of the Company's 1997 total revenue, as compared with 41% in 1996 and 41% in 1995. Risk management services accounted for 10% of the Company's 1997 total revenue, as compared with 10% in 1996 and 9% in 1995.
Businesses in this segment primarily furnish consumer credit reporting information and decision support and credit management services designed to meet specific customer needs. These services include consumer credit reporting information, credit marketing services, risk management, locate services, fraud detection and prevention services and mortgage loan origination information. Distribution of information to customers is made primarily through electronic data interfaces.
In the U.S., the Company's consumer credit services operations, including non- owned affiliate bureaus, compete with two similar automated credit reporting companies -- Experian Corporation and Trans Union Corporation.
In Canada, financial services include consumer and business credit information, risk management and check warranty services. Equifax Canada Inc. is the leading provider of both consumer and commercial credit information.
Payment Services Segment - ------------------------
This segment includes Equifax Payment Services, Inc. and its wholly-owned subsidiaries Equifax Check Services, Inc.; Equifax Card Services, Inc.; Equifax Card Services (Madison), Inc.; Credit Union Card Services, Inc.; Light Signatures, Inc.; Financial Insurance Marketing Group, Inc.; First Bankcard Systems, Inc.; Equifax India Private Ltd.; Equifax Mauritius Private Limited; and Tecnicob, S.A.
The Company's principal classes of service for this segment are card services and check services. Card Services include bank and debit card transaction processing; cardholder support; marketing services; portfolio management and analysis; facilities management; merchant processing; credit marketing; and risk management. This class of service accounted for 21% of the Company's 1997 total operating revenue, as compared with 16% in 1996 and 13% in 1995. Check services, which includes check warranty and verification services; check management systems; on-line point of sale credit prescreening; customer service; risk consulting; data exchanges; point-of-sale credit and marketing solutions; and retail collections. Check Services accounted for 11% of the Company's 1997 total operating revenue, as compared with 12% in 1996 and 13% in 1995. First Bankcard Systems offers software services for card issuing, merchant processing and collections processing. Card Services customers include banks, credit unions and savings institutions. Card software product customers are diverse and include some of the world's largest financial institutions. Check Services customers include national and regional retail chains, hotels and motels, automobile dealers and rental car companies and other retailers.
Companies in this segment are leading providers of their products and services in the United States although competition is considerable.
Business in this segment is seasonal to some extent. The volume of check payment services and credit and debit card processing is highest during the holiday shopping season and during other periods of increased consumer spending.
Equifax Europe Segment - ----------------------
This segment includes Equifax Europe (U.K.) Ltd.; Equifax Europe Ltd., UAPT- Infolink plc; The Infocheck Group Ltd.; Transax plc.; Precision Marketing Information Ltd. (49% owned); The Equifax Database Company Ltd.; Transax Australia plc and Transax SNC. Also included in this segment are ASNEF-Equifax, Servicios de Information de Credito, S.L. (49% owned).
The Company's principal class of service is providing consumer and commercial information and consumer marketing lists in the United Kingdom.
The businesses in this segment primarily provide consumer and commercial credit services, but also provide other financial services, including credit application processing, credit scoring, check warranty and payment services, auto lien and other information, marketing services, modeling, and analytic and risk management services.
Customers include banks, financial institutions, retailers, automobile manufacturers, utilities and telecommunications companies, auto finance and leasing firms, automobile dealers and rental companies and mortgage lenders. Throughout the United Kingdom, Equifax also supports small- and medium-size businesses operating in a variety of diverse markets. Consumers are supported by direct services from Equifax in Europe.
Equifax Europe has operations in the United Kingdom, Spain, Portugal, Ireland, France, Australia and New Zealand. In the United Kingdom, Equifax has the largest share of the consumer and business credit information market, while Transax is the check warranty market share leader.
Latin America Segment - ---------------------
This segment includes Equifax South America, Inc.; Equifax de Chile, S.A.; Equifax de Mexico Sociedad de Informacion Crediticia, S.A.; Credinformacoes, Informacoes de Credito, LDA; DICOM S.A.; and Organizacion Veraz S.A. (66 2/3%).
This segment is comprised of two main companies: DICOM in Chile and Veraz in Argentina. The principal class of service for this segment is consumer and commercial credit information services. In addition to consumer credit services, DICOM provides import/export data, legal trademark, stock market and other consumer information while Veraz provides consumer and commercial credit information. Customers include retailers, banks, utilities, telecommunications companies, manufacturers and individual consumers.
Veraz is the leading consumer and commercial credit information provider in Argentina, while DICOM is the leading provider in Chile. Equifax Latin America also has operations in Peru, Colombia, El Salvador and Mexico.
Other Segment - -------------
This segment includes High Integrity Systems, Inc. and health information services, which was divested in the fourth quarter of 1996.
The Company's single class of service for this segment is lottery services. In 1996, the Company subcontracted many of its lottery obligations to GTECH Corporation, and as a result, these operations are not material to a general understanding of the Company's business. The Company is no longer in the lottery business. Reference is made to Note 6 of the Notes to Consolidated Financial Statements, included in Part II, Item 3 of this report, for a more detailed discussion.
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The principal methods of competition for the Company are price, scope, speed and ease of service and quality of the information furnished.
None of the Company's segments is dependent on any single customer, and the Company's largest customer provides less than 10% of the Company's total revenues.
The Company had approximately 10,000 employees, as of December 31, 1997.
ITEM 2.
ITEM 2. PROPERTIES - ------- ----------
The Company is in a service industry and does not own any mines, extractive properties or manufacturing plants. Consequently, an understanding of the Company's property holdings is not deemed to be material to an understanding to the Company's business taken as a whole.
The Company owns a total of two office buildings, one of which is located in Wexford, Ireland and one in Salisbury, England. The Company owns approximately 46 acres in Windward Office Park located in Alpharetta, Georgia adjacent to office space currently under lease by the Company.
The Company ordinarily leases office space of the general commercial type for conducting its business and is obligated under approximately 211 leases and other rental arrangements for its headquarters and field locations. The Company's operating leases involve principally office space and office equipment. Rental expense relating to these leases was $36,243,000 in 1995, $39,443,000 in 1996 and $38,779,000 in 1997.
In the fourth quarter of 1997, the Company announced its intention to relocate to a new headquarters building to be constructed in Atlanta, Georgia. The Company will occupy the entire building which will be leased through a "synthetic lease" with financing provided by SunTrust Bank, Atlanta. Construction is to begin Spring 1998 with completion scheduled for early Fall 1999. The Company plans to relocate in the Fall of 1999 for the 100th anniversary of its founding. The Company will continue to lease a portion of its current headquarters building after relocation which will be occupied by field staff relocated from various other locations.
Future minimum payment obligations for noncancelable operating leases exceeding one year are as follows as of December 31, 1997:
ITEM 3.
ITEM 3. LEGAL PROCEEDINGS - ------- -----------------
Reference is made to Note 11 of the Notes to Consolidated Financial Statements, included in Part IV, Item 14 of this report, which is hereby incorporated by reference.
EXECUTIVE OFFICERS OF THE REGISTRANT ------------------------------------
The Company's executive officers, as of March 20, 1998, are listed below, with certain information relating to each of them:
There are no family relationships among the officers of the Company, nor are there any arrangements or understandings between any of the officers and any other persons pursuant to which they were selected as officers. The Board of Directors may elect an officer or officers at any meeting of the Board. Each elected officer is selected to serve until their successors have been elected and duly qualified subject to earlier termination in accordance with the By- laws. Election of officers occurs each year at the Board of Directors meeting held in conjunction with the Annual Meeting of the Shareholders.
Mr. Chapman, elected in January 1998, serves as President and Chief Executive Officer of the Company. Prior to this election, Mr. Chapman served as President and Chief Operating Officer of the Company. Before that, he was Executive Vice President and Group Executive of the Company's former Financial Services Group. He has served as an officer of the Company for at least five years.
Mr. Allhusen, elected in January 1998, serves as Executive Vice President and Group Executive of the Company. Prior to this election, Mr. Allhusen served as Executive Vice President of Advanta Corporation, a bankcard issuer, since 1995. Before that, he served as General Manager with Standard Chartered Bank in Hong Kong from 1990 until 1995.
Mr. Kennedy, elected in October 1997, serves as Executive Vice President and Group Executive of the Company. Prior to this election, Mr. Kennedy served as Group Executive of the Company's Payment Services Group since 1995. From 1990 to 1995, he served as Senior Vice President and General Manager of the Company's Card Services Division.
Mr. Chandler, elected in October 1995, serves as Corporate Vice President of the Company. Prior to this election, Mr. Chandler served as Vice President- Compensation and Benefits Administration upon joining the Company in 1991.
Mr. Crutchfield, elected in October 1997, serves as Corporate Vice President and Chief Technology Officer of the Company. Prior to this election, Mr. Crutchfield served as Senior Vice President and Chief Information Officer since April 1997. Previously, he served as Chief Technology Officer for the Company's Financial Services Group for more than five years.
Mr. Mazzilli, elected in October 1996, serves as Corporate Vice President, Treasurer and Controller of the Company. Prior to this election, Mr. Mazzilli served as Corporate Vice President and Controller since October 1995. Before that, he served as Vice President and Controller of the Company since 1992.
Mr. Post, elected in October 1996, serves as Corporate Vice President and Chief Financial Officer of the Company. Prior to this election, Mr. Post served as Senior Vice President and Group Chief Financial Officer of the Company's Financial Services Group since joining the Company in February 1992.
Mr. Richards, elected in October 1996, serves as Corporate Vice President and General Counsel of the Company. Prior to this election, Mr. Richards served as Senior Vice President and Group Counsel of the Company's Financial Services Group since 1991.
Ms. Zakas, elected in October 1996, serves as Corporate Vice President and Secretary of the Company. Prior to this election, Ms. Zakas served as Corporate Vice President and Treasurer for the period January 1996 through October 1996 and as Corporate Vice President-Investor Relations for the period October 1995 through January 1996. Prior to that, she served as Vice President and Director of Investor Relations of the Company since September 1993. Prior to that, she served at Holiday Inn Worldwide as Director-Strategic Planning and Analysis from 1992-1993 and as Director-Project Finance from 1991-1992. Before that, she was a Vice President in the Capital Market Services Group of Morgan Stanley and Co.
PART II
ITEM 5.
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED - ------- ----------------------------------------------------- STOCKHOLDER MATTERS -------------------
The Company's common stock is listed and traded on the New York Stock Exchange, which is the principal market on which the stock is traded.
DIVIDENDS PER SHARE
STOCK PRICES
As of March 20, 1998, there were approximately 11,851 holders of record of the Company's common stock.
In October 1997, the Company, relying on Section 4(2) of the '33 Securities Act, issued 266,374 shares of unregistered common stock, as partial consideration for the purchase of Goldleaf Technologies, Inc. A registration statement on Form S- 3 covering these shares was filed with the Securities and Exchange Commission on December 22, 1997, and became effective December 30, 1997 (File No. 333-42955).
ITEM 6.
ITEM 6. SELECTED FINANCIAL DATA - ------- ------------------------
Reference is made to Exhibit 13.1, included in Part IV, Item 14 of this report, which is hereby incorporated by reference.
ITEM 7.
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL - ------- ------------------------------------------------- CONDITION AND RESULTS OF OPERATION ----------------------------------
Reference is made to Exhibit 13.2, included in Part IV, Item 14 of this report, which is hereby incorporated by reference.
ITEM 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA - ------- -------------------------------------------
Reference is made to Exhibit 13.3, included in Part IV, Item 14 of this report, which is hereby incorporated by reference.
ITEM 9.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON - ------- ------------------------------------------------- ACCOUNTING AND FINANCIAL DISCLOSURE -----------------------------------
None.
PART III
ITEM 10.
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT - -------- --------------------------------------------------
The Company's Proxy Statement for the Annual Meeting of Shareholders to be held on April 29, 1998, contains, on pages 2 through 5 thereof, information relating to the Company's Directors and persons nominated to become Directors, which is incorporated hereby by reference.
ITEM 11.
ITEM 11. EXECUTIVE COMPENSATION - -------- ----------------------
The Company's Proxy Statement for the Annual Meeting of Shareholders to be held on April 29, 1998, contains, on pages 13 through 17 thereof, information relating to Executive Officer compensation, which is incorporated herein by reference.
ITEM 12.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS - -------- ----------------------------------------------- AND MANAGEMENT --------------
The Company's Proxy Statement for the Annual Meeting of Shareholders to be held on April 29, 1998, contains on page 8 information relating to security ownership of certain beneficial owners and management, which is incorporated herein by reference.
ITEM 13.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS - -------- ----------------------------------------------
The Company's Proxy Statement for the Annual Meeting of Shareholders to be held on April 29, 1998, contains, on pages 9 and 10 thereof, information relating to certain relationships and related transactions, which is incorporated herein by reference.
PART IV.
ITEM 14.
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS - -------- --------------------------------------------------- ON FORM 8-K -----------
The following documents are filed as part of this report:
(A)1. FINANCIAL STATEMENTS
. Consolidated Balance Sheets - December 31, 1997 and 1996
. Consolidated Statements of Income for the Years Ended December 31, 1997, 1996 and 1995
. Consolidated Statements of Shareholders' Equity for the Years Ended December 31, 1997, 1996 and 1995
. Consolidated Statements of Cash Flows for the Years Ended December 31, 1997, 1996 and 1995
. Notes to Consolidated Financial Statements
(A)2. FINANCIAL STATEMENT SCHEDULES
All schedules have been omitted because they are not applicable or the required information is included in the consolidated financial statements or notes thereto.
(A)3. EXHIBITS
A list of exhibits included as part of this Annual Report is set forth in the Exhibit Index appearing elsewhere herein and is incorporated herein by reference.
. Compensation of Directors - The Company's by-laws, which are filed as an exhibit to this Form 10-K Annual Report, describe on page 7 thereof, under Article Two, "Compensation of Directors," the fees paid to Directors of the Company. This information is hereby incorporated by reference.
. Life Insurance - Messrs. C. B. Rogers, Jr. owns a personal life insurance policy in the face amount of $1,000,000. The Company pays the annual premiums on these policies.
Copies of the Company's Form 10-K which are furnished pursuant to the written request of the Company's shareholders do not include the exhibits listed above. Any shareholder desiring copies of one or more such exhibits should write the Secretary of the Company at P.O. Box 4081, Atlanta, Georgia 30302, specifying the exhibit or exhibits and enclosing a check for the amount resulting from multiplying $.50 times the number of pages (as indicated above) of the exhibit(s) requested.
(b) Reports on Form 8-K
The Company did not file any reports on Form 8-K during the fourth quarter of the year ended December 31, 1997.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
EQUIFAX INC.
Date March 31, 1998 By /s/ Marietta Edmunds Zakas -------------------------------- Marietta Edmunds Zakas, Corporate Vice President and Secretary
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
Date March 31, 1998 /s/ C.B. Rogers, Jr. ----------------------------------------- C. B. Rogers, Jr., Chairman of the Board
Date March 31, 1998 /s/ Thomas F. Chapman ----------------------------------------- Thomas F. Chapman, President and Chief Executive Officer
Date March 31, 1998 /s/ Philip J. Mazzilli ----------------------------------------- Philip J. Mazzilli, Corporate Vice President, Treasurer and Controller (Principal Accounting Officer)
Date March 31, 1998 /s/ Lee A. Ault ----------------------------------------- Lee A. Ault, III, Director
Date March 16, 1998 /s/ John L. Clendenin ----------------------------------------- John L. Clendenin, Director
Date March 31, 1998 /s/ A. W. Dahlberg ----------------------------------------- A. W. Dahlberg, Director
Date March 16, 1998 /s/ Robert P. Forrestal ----------------------------------------- Robert P. Forrestal, Director
Date March 31, 1998 /s/ L. Phillip Humann ----------------------------------------- L. Phillip Humann, Director
Date March 31, 1998 /s/ Daniel W. McGlaughlin ----------------------------------------- Daniel W. McGlaughlin, Director
Date March 31, 1998 /s/ Larry L. Prince ----------------------------------------- Larry L. Prince, Director
Date March 31, 1998 /s/ D. Raymond Riddle ----------------------------------------- D. Raymond Riddle, Director
Date March 31, 1998 /s/ Dr. Betty L. Siegel ----------------------------------------- Dr. Betty L. Siegel, Director
Date March 31, 1998 /s/ Dr. Louis W. Sullivan ----------------------------------------- Dr. Louis W. Sullivan, Director
INDEX TO EXHIBITS
EXHIBIT NUMBER - -------
Plan of Acquisition, Reorganization, Arrangement, Liquidation or ---------------------------------------------------------------- Succession ----------
2.1 Distribution Agreement, Plan of Reorganization and Distribution (24 pages)(8)
Articles of Incorporation and By-laws -------------------------------------
3.1 . Amended and Restated Articles of Incorporation (3 pages) (6)
3.2 . By-Laws (23 pages) (7)
Instruments Defining the Rights of Security Holders, Including -------------------------------------------------------------- Indentures ----------
4.1 . Loan Agreement (151 pages)
4.2 . Portion of Prospectus and Trust Indenture (134 pages) (1)
4.3 . Rights Agreement, dated October 25, 1995, between Equifax Inc. and SunTrust Bank, Atlanta with Form of Right Certificate attached as Exhibit "A" (54 pages) (4)
4.4 . Shelf Registration Statement Prospectus (22 pages) (9)
4.5 . Form of Indenture to be entered into relating to Debt Securities covered by Shelf Registration Statement (98 pages) (10)
Material Contracts and Compensation Plans -----------------------------------------
10.1 . Equifax Inc. 1988 Performance Share Plan for Officers, as amended (13 pages) (11)
10.2 . Equifax Inc. 1997 Incentive Compensation Plan (6 pages) (11)
10.3 . Deferred Compensation Plan (22 pages) (5) (11)
10.4 . Change in Control Agreement (11 pages) (11)
10.5 . Consulting Agreement, dated January 1, 1996 (6 pages) (5) (11)
10.6 . Executive Agreement, dated December 8, 1997 (6 pages) (11)
10.7 . Executive Agreement, dated January 22, 1998 (3 pages) (11)
10.8 . Equifax Inc. Omnibus Stock Incentive Plan, as amended (17 pages) (11)
10.9 . Form of 1998 Incentive and Non-Qualified Stock Option Agreements (9 pages) (11)
10.10 . Form of 1998 Restricted Stock Option Agreement (3 pages) (11)
10.11 . Form of 1996 Incentive and Non-Qualified Stock Option Agreements (8 pages) (7)(11)
10.12 . Form of 1996 Restricted Stock Award Agreement (3 pages) (7) (11)
10.13 . Form of 1995 Incentive and Non-Qualified Stock Option Agreements (8 pages) (3) (11)
10.14 . Form of 1995 Non-Qualified Stock Option Agreement (4 pages) (3) (11)
10.15 . Form of 1995 Restricted Stock Award Agreement (3 pages) (3) (11)
10.16 . Form of 1994 Incentive and Non-Qualified Stock Option Agreements (8 pages) (2) (11)
10.17 . Form of 1994 Restricted Stock Award Agreement (4 pages) (2) (11)
10.18 . Equifax Inc. Non-Employee Director Stock Option Plan and Agreement (10 pages) (3) (11)
10.19 . Equifax Inc. Supplemental Executive Retirement Plan (24 pages) (3) (11)
10.20 . Equifax Inc. Supplemental Executive Retirement Plan Amendments (26 pages) (2) (11)
10.21 . Equifax Inc. Supplemental Executive Retirement Plan Amendment (2 pages) (7) (11)
10.22 . Equifax Inc. Severance Pay Plan for Salaried Employees (1 pages) (11)
10.23 . Agreement For Computerized Credit Reporting Services (204 pages) (2)
10.24 . Amendments to Agreement for Computerized Credit Reporting Services and related documents (66 page) (7)
10.25 . Amendment to Agreement for Computerized Credit Reporting Services (8 pages) (1)
10.26 . Amendment to Agreement for Computerized Credit Reporting Services (9 pages) (2)
10.27 . Amendment to Agreement for Computerized Credit Reporting Services (14 pages) (3)
10.28 . Computer and network operations agreement (redacted version) (31 pages) (2)
10.29 . Purchase and Lease Agreement (109 pages) (2)
10.30 . Headquarters Facility Lease (77 pages) (2)
10.31 . Lease Agreement (71 pages) (2)
10.32 . Lease Agreement (76 pages)
Annual Report to Security Holders ---------------------------------
13.1 . Summary of Selected Financial Data (1 page)
13.2 . Management's Discussion and Analysis of Financial Condition and Results of Operation (8 pages)
13.3 . Financial Statements and Supplementary Data (19 pages)
21 Subsidiaries of the Registrant (6 pages) ------------------------------
23 Consent of Independent Public Accountants to incorporation by ------------------------------------------------------------- reference (1 page) ---------
27 Financial Data Schedule (for SEC use only) -----------------------
/(1)/ Previously filed as pages 8 through 16 and Exhibit 4.1 on Amendment No. 1 to Form S-3, Registration Statement No. 33-62820, filed June 17, 1993, and hereby incorporated by reference.
/(2)/ Previously filed as an exhibit on Form 10-K, filed March 31, 1994, as amended on Form 10-K/A, filed October 14, 1994, and hereby incorporated by reference.
/(3)/ Previously filed as an exhibit on Form 10-K, filed March 30, 1995, and hereby incorporated by reference.
/(4)/ Previously filed as exhibits on form 8-A, filed November 2, 1995, and hereby incorporated by reference.
/(5)/ Previously filed as an exhibit on Form 10-K, filed April 1, 1996, as amended on Form 10-K/A, filed April 4, 1996, and hereby incorporated by reference.
/(6)/ Previously filed as an exhibit on Schedule 14A, filed, March 26, 1996, and hereby incorporated by reference.
/(7)/ Previously filed as an exhibit on Schedule 14A, filed March 31, 1997, and hereby incorporated by reference.
/(8)/ Previously filed as an exhibit to Pre-effective Amendment No. 1 to ChoicePoint Inc. Registration Statement on Form S-1, Registration No. 333-30297, filed July 16, 1997, and hereby incorporated by reference.
/(9)/ Previously filed as pages 1 through 22 to the Company's Registration Statement on Form S-3, Registration No. 333-47599, filed March 9, 1998, and hereby incorporated by reference.
/(10)/ Previously filed as Exhibit 4.6 to the Company's Registration Statement on Form S-3, Registration Statement No. 333-47599, filed March 9, 1998, and hereby incorporated by reference.
/(11)/ Management Contract or Compensatory Plan.