SAIC Enters Material Definitive Agreement

Ticker: SAIC · Form: 8-K · Filed: 2024-10-22T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation

TL;DR

SAIC just signed a big deal, could mean new debt or financial commitments.

AI Summary

Science Applications International Corporation (SAIC) entered into a material definitive agreement on October 18, 2024, related to a direct financial obligation. The filing details the creation of this obligation under an off-balance sheet arrangement. Specific details regarding the nature of the agreement and the financial obligation are not fully disclosed in this initial 8-K filing.

Why It Matters

This filing indicates SAIC has entered into a significant financial agreement, which could impact its future financial obligations and operational structure.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial commitments or risks that are not yet fully detailed.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by SAIC?

The filing states that SAIC entered into a material definitive agreement on October 18, 2024, but does not specify the exact nature of the agreement.

What type of financial obligation was created by SAIC?

SAIC created a direct financial obligation or an obligation under an off-balance sheet arrangement, as reported on October 18, 2024.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on October 18, 2024.

What is SAIC's state of incorporation and fiscal year end?

SAIC is incorporated in Delaware and its fiscal year ends on January 31.

What are the business and mail addresses for SAIC?

SAIC's business and mail address is 12010 Sunset Hills Road, Reston, VA 20190.

From the Filing

0001571123-24-000140.txt : 20241022 0001571123-24-000140.hdr.sgml : 20241022 20241022160823 ACCESSION NUMBER: 0001571123-24-000140 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 25 CONFORMED PERIOD OF REPORT: 20241018 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241022 DATE AS OF CHANGE: 20241022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Science Applications International Corp CENTRAL INDEX KEY: 0001571123 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] ORGANIZATION NAME: 06 Technology IRS NUMBER: 461932921 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35832 FILM NUMBER: 241386420 BUSINESS ADDRESS: STREET 1: 12010 SUNSET HILLS ROAD CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-676-4300 MAIL ADDRESS: STREET 1: 12010 SUNSET HILLS ROAD CITY: RESTON STATE: VA ZIP: 20190 FORMER COMPANY: FORMER CONFORMED NAME: SAIC Gemini, Inc. DATE OF NAME CHANGE: 20130305 8-K 1 saic-20241018.htm 8-K saic-20241018 0001571123 false 0001571123 2024-10-18 2024-10-18 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): October 18, 2024 _________________________________________________________ Science Applications International Corporation (Exact name of registrant as specified in its charter) _________________________________________________________ Delaware   001-35832   46-1932921 (State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) 12010 Sunset Hills Road , Reston , VA 20190 (Address of Principal Executive Offices) (Zip Code) ( 703 ) 676-4300 Registrant’s 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 SAIC The Nasdaq Stock Market LLC 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 1.01. Entry into a Material Definitive Agreement The information required by this item is included in Item 2.03 below and is incorporated herein by reference. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant On October 18, 2024 (the "Closing Date"), Science Ap

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