SAIC Elects New Directors, Amends Equity Plan
Ticker: SAIC · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1571123
| Field | Detail |
|---|---|
| Company | Science Applications International Corp (SAIC) |
| Form Type | 8-K |
| Filed Date | Jan 6, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: SAIC
TL;DR
SAIC adds two directors and tweaks executive pay plans.
AI Summary
Science Applications International Corporation (SAIC) announced on January 2, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael L. Daniels and Dr. Lisa J. Porter, effective January 2, 2025. Additionally, the company's Compensation Committee approved amendments to the 2023 Equity Incentive Plan, impacting compensatory arrangements for certain officers.
Why It Matters
The election of new directors and amendments to equity incentive plans can signal strategic shifts and impact executive compensation, potentially influencing investor confidence and future company performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and compensation adjustments, which are common and typically do not indicate significant immediate risk.
Key Players & Entities
- Science Applications International Corporation (company) — Registrant
- Michael L. Daniels (person) — Newly elected director
- Dr. Lisa J. Porter (person) — Newly elected director
- 2023 Equity Incentive Plan (document) — Amended compensatory arrangement
- January 2, 2025 (date) — Effective date of director elections and reporting date
FAQ
Who were the new directors elected to the Science Applications International Corporation board?
Michael L. Daniels and Dr. Lisa J. Porter were elected as new directors, effective January 2, 2025.
What is the effective date for the changes reported in this 8-K filing?
The earliest event reported is dated January 2, 2025.
What specific compensatory arrangement was amended by the Compensation Committee?
The Compensation Committee approved amendments to the 2023 Equity Incentive Plan.
What is the principal executive office address for Science Applications International Corporation?
The principal executive offices are located at 12010 Sunset Hills Road, Reston, Virginia 20190.
What is the SIC code for Science Applications International Corporation?
The Standard Industrial Classification code for Science Applications International Corporation is 7373, which corresponds to SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN.
Filing Stats: 449 words · 2 min read · ~1 pages · Grade level 12.8 · Accepted 2025-01-06 16:49:01
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share SAIC The Nasdaq Stock Mar
Filing Documents
- d831389d8k.htm (8-K) — 23KB
- 0001193125-25-002201.txt ( ) — 138KB
- saic-20250102.xsd (EX-101.SCH) — 3KB
- saic-20250102_lab.xml (EX-101.LAB) — 17KB
- saic-20250102_pre.xml (EX-101.PRE) — 11KB
- d831389d8k_htm.xml (XML) — 3KB
SIGNATURES
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. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Date: January 6, 2025 By: /s/ Hilary L. Hageman Hilary L. Hageman Executive Vice President, General Counsel and Corporate Secretary 3