Business Context and Reporting Period
This Form 8-K Current Report was filed by Science Applications International Corporation on November 7, 2016. The filing discloses a significant executive leadership change within the company.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to the compensation package for the newly appointed Chief Financial Officer:
- Annual Base Salary: $500,000
- Sign-on Bonus: $120,000 (one-time cash payment)
- Restricted Stock Units: Valued at $400,000 (to be granted in December 2016)
Material Changes
The primary material change reported is the appointment of Charles A. Mathis as Executive Vice President and Chief Financial Officer, effective November 14, 2016. Mr. Mathis joins the company from ScanSource, Inc., where he served as CFO from 2012 to 2016, and previously held the same role at Force Protection, Inc. from 2008 to 2012.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, outlook, or management commentary regarding future financial performance. No specific risks or contingencies are disclosed in this report other than the standard regulatory language regarding the non-filing status of the press release furnished as an exhibit.
Investor Verification Checklist
- Verify the effective start date of Charles A. Mathis as CFO (November 14, 2016).
- Confirm the total initial compensation value of $1,020,000 (salary, bonus, and stock units).
- Review the attached press release (Exhibit 99.1) for additional context on the leadership transition.
- Note that this filing does not contain updated financial results; refer to the most recent 10-Q or 10-K for operational metrics.