Leidos Holdings Updates Executive Compensation Arrangements

TL;DR

**Leidos is changing how it pays its top brass, watch for impact on exec incentives.**

AI Summary

Leidos Holdings, Inc. filed an 8-K on January 17, 2024, to report changes in its executive compensation arrangements. This filing indicates that the company is updating how it compensates its top officers, which could impact future financial performance and executive retention. For investors, this matters because executive compensation structures can influence management's incentives and ultimately the company's strategic direction and profitability.

Why It Matters

Changes in executive compensation can signal shifts in company strategy or a focus on retaining key talent, directly impacting investor confidence and future operational costs.

Risk Assessment

Risk Level: low — This filing primarily concerns routine updates to executive compensation arrangements, which typically carry a low direct risk to the company's immediate financial health.

Analyst Insight

Investors should monitor future proxy statements (DEF 14A) for detailed information on the specific changes to executive compensation, as these details will provide a clearer picture of potential impacts on company performance and executive incentives.

Key Players & Entities

• Leidos Holdings, Inc. (company) — registrant
• January 17, 2024 (date) — date of earliest event reported
• 001-33072 (other) — Commission File Number
• 20-3562868 (other) — I.R.S. Employer Identification No.
• LDOS (other) — Trading symbol for common stock

FAQ

From the Filing

0001628280-24-001514.txt : 20240117 0001628280-24-001514.hdr.sgml : 20240117 20240117163742 ACCESSION NUMBER: 0001628280-24-001514 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240117 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240117 DATE AS OF CHANGE: 20240117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Leidos Holdings, Inc. CENTRAL INDEX KEY: 0001336920 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] ORGANIZATION NAME: 06 Technology IRS NUMBER: 203562868 FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33072 FILM NUMBER: 24538924 BUSINESS ADDRESS: STREET 1: 1750 PRESIDENTS STREET CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 571-526-6000 MAIL ADDRESS: STREET 1: 1750 PRESIDENTS STREET CITY: RESTON STATE: VA ZIP: 20190 FORMER COMPANY: FORMER CONFORMED NAME: SAIC, Inc. DATE OF NAME CHANGE: 20050823 8-K 1 ldos-20240117.htm 8-K ldos-20240117 0001336920 false 0001336920 2023-04-28 2023-04-28 UNITED STATES 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): January 17, 2024 ( January 17, 2024 ) LEIDOS HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 001-33072 20-3562868 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 1750 Presidents Street, Reston, Virginia 20190 (Address of principal executive office) (Zip Code)   ( 571 ) 526-6000 (Registrants' telephone number, including area code) Not Applicable (Former Name or Former Address, If Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, par value $.0001 per share LDOS New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 17, 2024, Leidos Holdings, Inc. (the “Company”) announced that Jerald S. Howe, Jr., will be leaving his role as the Company’s General Counsel and Corporate Secretary effective April 1, 2024 (the “Effective Date”). As part of his planned retirement from the Company, Mr. Howe will continue in a full-time advisory role, on the same terms and conditions of employment, through July 31, 2024, and he will serve in a more limited advisory ca