Business Context and Reporting Period
This Form 8-K is a current report filed by Science Applications International Corporation (SAIC) on May 27, 2026. The filing discloses an internal reorganization and the departure of a senior executive effective May 29, 2026.
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 departure of Srinivas Attili, Executive Vice President of the Civilian Business Group. Mr. Attili stepped down from his role effective May 29, 2026, and is scheduled to depart the Company on or about June 12, 2026.
Guidance, Outlook, and Management Commentary
Management commentary is limited to the announcement of the internal reorganization. No financial guidance, outlook, or discussion of risks and contingencies is provided in this filing. The departure triggers severance compensation under Section 5 of the Company's Executive Severance, Change in Control and Retirement Policy, contingent upon the execution of a release of claims and a two-year post-employment non-compete obligation.
Investor Verification Checklist
- Verify the specific terms of the severance package and the total estimated cost to the Company.
- Confirm the timeline for appointing a successor to the Executive Vice President, Civilian Business Group role.
- Review the impact of this leadership change on the Civilian Business Group's ongoing contracts and operations.
- Check for any subsequent filings regarding the execution of the release of claims and non-compete agreement.