Business Context and Reporting Period
This Form 8-K Current Report was filed by Science Applications International Corporation (SAIC) on November 18, 2024. The filing reports a corporate governance event: the appointment of a new member to the Board of Directors.
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 personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the expansion of the Board of Directors from eleven to twelve members. John K. Tien, Jr. was appointed as a director with an effective date of December 2, 2024. He will serve until the 2025 Annual Meeting of stockholders and will join the Nominating and Corporate Governance Committee.
Guidance, Outlook, and Management Commentary
There is no financial guidance, outlook, or management commentary regarding business operations in this filing. The document details Mr. Tien's background, including his service as Deputy Secretary of the U.S. Department of Homeland Security and senior executive roles at Citigroup. His compensation will consist of the standard annual cash and equity compensation for non-employee directors, pro-rated until the 2025 Annual Meeting, with eligibility to participate in the Deferred Compensation Plan.
Investor Verification Checklist
- Verify the effective date of John K. Tien, Jr.'s board appointment (December 2, 2024).
- Confirm the new total size of the Board of Directors (12 members).
- Review the specific committee assignments for the new director (Nominating and Corporate Governance Committee).
- Check for any related party transactions or arrangements, which the filing states are none.