SEC Filing Summary: Science Applications International Corp (SAIC)
Business Context and Reporting Period
This Form 8-K Current Report was filed by Science Applications International Corporation on November 13, 2025. The filing reports a material corporate event regarding the departure of a senior executive in connection with an internal reorganization.
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
- Executive Departure: David C. Ray, Executive Vice President of the Space and Intelligence Business Group, will step down from his role immediately.
- Departure Date: Mr. Ray is scheduled to depart the Company on January 30, 2026.
- Reason: The departure is in connection with an internal reorganization.
Guidance, Outlook, and Management Commentary
The filing does not provide updated financial guidance or general outlook commentary. Regarding the executive departure:
- Compensation: Mr. Ray will receive severance compensation pursuant to Section 5 of the Company's Executive Severance, Change in Control and Retirement Policy.
- Conditions: Severance is contingent upon the execution and non-revocation of a release of claims against the Company and a two-year post-employment non-compete obligation.
- Disclosure Status: The press release associated with this event is furnished under Regulation FD but is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the specific terms of the severance package under Section 5 of the Executive Severance Policy.
- Confirm the interim leadership structure for the Space and Intelligence Business Group following Mr. Ray's immediate step down.
- Review the full text of the press release (Exhibit 99.1) for additional context on the internal reorganization.
- Monitor future filings for the appointment of a successor to Mr. Ray's role.