Business Context and Reporting Period
This Form 8-K filing by Science Applications International Corporation (SAIC) covers events reported on August 27, 2019, with the report filed on August 29, 2019. The filing primarily addresses corporate governance changes involving the Board of Directors.
Key Financial Metrics
This filing does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
- Board Expansion: The size of the Board of Directors was increased from eight to ten members.
- New Appointments: Carol Goode and Yvette Kanouff were appointed as directors effective August 27, 2019, serving until the 2020 Annual Meeting.
- Committee Assignments:
- Carol Goode: Human Resources and Compensation Committee; Nominating and Corporate Governance Committee.
- Yvette Kanouff: Audit Committee; Risk Oversight Committee.
Guidance, Outlook, and Management Commentary
The filing contains no financial guidance, outlook, or management commentary regarding business operations. It details the professional backgrounds of the new directors:
- Carol Goode: Former Senior Vice President and Chief Human Resources Officer at Brocade Communications (2013-2018) and currently a human capital consultant.
- Yvette Kanouff: Former Senior Vice President and General Manager at Cisco (2016-2019) and currently a partner and CTO at JC2 Ventures.
Compensation for the new directors includes standard annual cash and equity retainers (pro-rated) and participation in the Deferred Compensation Plan. No related party transactions were disclosed.
Investor Verification Checklist
- Verify the effective date of the new board appointments (August 27, 2019).
- Confirm the new total board size (10 members).
- Review the specific committee assignments for Goode and Kanouff to assess governance oversight changes.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.