First American Files Form 10 with the SEC
—Important Step Toward Completion of Spin-Off of the Company’s Financial Services Group—
— Conference Call Scheduled to Review Key Information—
December 14, 2009, SANTA ANA, Calif.
The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced the filing of a Form 10 registration statement with the Securities and Exchange Commission (SEC). The filing is an important step toward the completion of the company’s previously announced separation of its financial services businesses from its information solutions businesses. The transaction, which is expected to close on April 1, 2010, includes the formation of First American Financial Corporation, which will be comprised of First American’s financial services businesses. Upon completion of the transaction, First American shareholders will receive 100 percent of the common stock of the newly formed First American Financial Corporation.
The Form 10 registration statement contains important information about the transaction and the anticipated businesses of First American Financial Corporation, including pro forma financial information. A copy of the Form 10 is available on the company’s Web site at www.firstam.com/investor.
The company will hold a conference call to further discuss today’s Form 10 registration statement on Wednesday, Dec. 16, 2009, at 4:30 p.m. ET. The toll-free dial-in number is (888) 790-1724. Callers from outside the United States may dial (517) 308-9149. The pass code for the call is First American.
A live audio webcast of the call and an accompanying slide presentation will be available on First American’s Web site at www.firstam.com/investor. An audio replay of the conference call will be available through Dec. 23, 2009, by dialing (203) 369-3587. An audio archive of the webcast will also be available for replay on First American’s investor Web site.
About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that traces its history to 1889. With total revenues of approximately $6.2 billion in 2008, it is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primarybusiness segments, including: Title Insurance and Services, Specialty Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions, and Risk Mitigation and Business Solutions. More information about the company and an archive of its press releases can be found at www.firstam.com.
Certain statements made in this press release, including but not limited to those related to the consummation and timing of the company’s previously announced spin-off, and the businesses to be included in the entity to be spun-off, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include: uncertainties surrounding the timing and results of the review of applicable filings by the SEC, the Internal Revenue Service, insurance and banking regulatory agencies, which review processes could result in comments or objections from these agencies that could prohibit the company from proceeding with the transaction or require significant changes to the structure or timing thereof; and other factors described in the Form 10 or in Part I, Item 1A of the company’s annual report on Form 10-K for the year ended Dec. 31, 2008, as updated in Part II, Item 1A of the company’s quarterly reports on Form 10-Q for the quarters ended March 31, June 30 and Sept. 30, 2009, in each case as filed with the SEC. The forward-looking statements speak only as of the date they are made. The company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.