SEC Filing Summary: SAIC, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by SAIC, Inc. on February 3, 2008. The filing reports the election of a new director to the Company's Board of Directors. Note: While the request metadata references "Leidos Holdings, Inc.", the filing text explicitly identifies the registrant as SAIC, Inc.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance changes.
Material Changes
The primary material change reported is the appointment of Dr. France A. Córdova to the Board of Directors, effective February 21, 2008, to fill a vacancy. Dr. Córdova, formerly the President of Purdue University, will serve on the Compensation Committee and the Ethics and Corporate Responsibility Committee.
Compensation and Equity Grants
- Inducement Grant: 3,000 shares of Class A preferred stock.
- Equity Grants: Aggregate value of $160,000, split between common stock options (one-third of value) and restricted Class A preferred shares (two-thirds of value).
- Standard Remuneration: $50,000 annual cash retainer, $1,500 per Board meeting, and $2,000 per committee meeting attended.
Outlook and Risks
The filing contains no management commentary regarding future financial guidance, operational outlook, or specific risk factors. It is a procedural disclosure regarding board composition.
Investor Verification Checklist
- Verify the effective date of Dr. Córdova's board seat (February 21, 2008).
- Confirm the specific allocation of the $160,000 equity grant between options and restricted stock.
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.
- Note that this filing does not contain financial results; refer to the most recent 10-Q or 10-K for financial metrics.