Business Context and Reporting Period
This Form 8-K reports the results of the annual meeting of stockholders held by Science Applications International Corporation on June 6, 2018. The meeting was conducted virtually, with 81.89% of outstanding shares entitled to vote represented in person or by proxy.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Election of Directors: All ten nominees were elected to the Board of Directors for one-year terms. Notably, Timothy J. Mayopoulos received a significantly higher number of "Against" votes (3,510,892) compared to other nominees, though he was still elected.
- Executive Compensation: The non-binding advisory proposal to approve the compensation of named executive officers was approved.
- Appointment of Auditors: The proposal to ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending February 1, 2019, was approved.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the specific reasons for the elevated "Against" votes cast for director nominee Timothy J. Mayopoulos.
- Confirm the total number of shares outstanding as of the record date to contextualize the 81.89% participation rate.
- Review the full proxy statement for details on the executive compensation package that was approved.