Business Context and Reporting Period
This Form 8-K Current Report was filed by Science Applications International Corporation on June 28, 2016. The filing addresses a change in senior management effective June 30, 2016, and July 1, 2016.
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
- Departure of CFO: John Hartley's departure as Chief Financial Officer became effective on June 30, 2016.
- Appointment of Interim CFO: Maria M. Bishop was appointed as interim Chief Financial Officer, interim principal accounting officer, and interim principal financial officer, effective July 1, 2016.
- Succession Search: The Board of Directors is conducting a search for a permanent Chief Financial Officer.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, or specific risk factors beyond the operational transition of the CFO role. Ms. Bishop, age 53, has been an employee since 1998, serving as Controller since September 2013 and previously as Director of Financial Planning & Analysis from 2008 to 2013.
Investor Verification Checklist
- Confirm the effective dates of John Hartley's departure and Maria M. Bishop's appointment.
- Review the attached press release (Exhibit 99.1) for additional details on the transition.
- Monitor future filings for the announcement of a permanent Chief Financial Officer.