SAIC Announces Executive and Board Changes

Ticker: SAIC · Form: 8-K · Filed: 2024-11-18T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, board-changes, personnel

Related Tickers: SAIC

TL;DR

SAIC shakes up exec team & board. Big changes coming?

AI Summary

Science Applications International Corp. (SAIC) announced on November 18, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key personnel.

Why It Matters

Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.

Key Players & Entities

FAQ

Who has departed from their officer positions at SAIC?

The filing indicates the departure of certain officers, but specific names are not detailed in the provided text.

Were any new directors elected to the SAIC board?

Yes, the filing reports the election of directors.

What is the primary business of Science Applications International Corp.?

SAIC is in the SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN industry, with SIC code 7373.

When is SAIC's fiscal year end?

SAIC's fiscal year ends on January 31.

What is the principal executive office address for SAIC?

The principal executive offices are located at 12010 Sunset Hills Road, Reston, Virginia 20190.

From the Filing

0001193125-24-261040.txt : 20241118 0001193125-24-261040.hdr.sgml : 20241118 20241118172758 ACCESSION NUMBER: 0001193125-24-261040 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241118 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241118 DATE AS OF CHANGE: 20241118 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: 241472539 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 d913147d8k.htm 8-K 8-K Science Applications International Corp false 0001571123 0001571123 2024-11-18 2024-11-18     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): November 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 , Virginia   20190 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (703) 676-4300 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 $0.0001 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers . On November 18, 2024, Science Applications International Corporation (the “Company”) announced that John K. Tien, Jr. was appointed as a member of the Board of Directors of the Company (the “Board”) for an initial term beginning on December 2, 2024 (the &#8220

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