CACI International Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CACI International Inc. on August 5, 2021, covering the event date of July 31, 2021. The filing discloses the appointment of a new senior executive officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes and associated compensation.
Material Changes
On July 31, 2021, the Company announced the appointment of Travis B. Johnson as Senior Vice President, Corporate Controller and Chief Accounting Officer, effective August 30, 2021. Mr. Johnson previously served as Vice President and Chief Accounting Officer for FLIR Systems, Inc. and KeyW Corporation.
Compensation and Management Commentary
In connection with his appointment, Mr. Johnson will receive the following compensation:
- An annual base salary commensurate with his position.
- Participation in the Company's annual and long-term incentive plans.
- A sign-on cash bonus of $200,000.
- A sign-on equity grant of restricted stock units with a grant date fair value of $200,000, vesting in equal installments on the first and second anniversary of the grant date.
The filing states there were no arrangements or understandings pursuant to which Mr. Johnson was selected as an officer, and no related party transactions exist involving him.
Investor Verification Checklist
- Verify the effective start date of August 30, 2021, for the new Chief Accounting Officer.
- Confirm the vesting schedule and terms of the $200,000 restricted stock unit grant.
- Review the Company's 2016 Incentive Compensation Plan for details on the equity grant terms.
- Check for any subsequent filings regarding the departure of the previous Corporate Controller or Chief Accounting Officer.