Business Context and Reporting Period
Company: Science Applications International Corporation (SAIC)
Filing Type: Form 8-K (Current Report)
Date of Report: February 20, 2024
Reporting Period: Specific event date of February 20, 2024
Key Financial Metrics
This filing does not contain financial performance data. The document does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material change reported is the voluntary transfer of the Company's listing of Common Stock:
- Delisting: Shares will be voluntarily delisted from the New York Stock Exchange (NYSE) after the close of trading on March 4, 2024.
- Transfer: Shares will be voluntarily transferred to The Nasdaq Stock Market LLC effective at the opening of trading on March 5, 2024.
- Trading Symbol: The stock will continue to trade under the symbol "SAIC".
Guidance, Outlook, and Risks
Management Commentary: The Company issued a press release (Exhibit 99.1) announcing the listing transfer. The filing includes a standard cautionary note regarding forward-looking statements, noting that the ability to delist from NYSE and transfer to Nasdaq involves risks and uncertainties.
Risks and Contingencies: The filing references risk factors discussed in the Company's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Actual results may differ materially from expectations due to various factors outlined in those documents.
Investor Verification Checklist
- Confirm the effective date of the delisting from NYSE (March 4, 2024, close of trading).
- Verify the effective date of the listing on Nasdaq (March 5, 2024, opening of trading).
- Ensure trading platforms recognize the continued use of the "SAIC" ticker symbol post-transfer.
- Review the attached Press Release (Exhibit 99.1) for any additional details on the rationale for the transfer.