SEC Filing Summary: Science Applications International Corp (8-K)
Business Context and Reporting Period
This Form 8-K reports the results of the Annual Meeting of Stockholders held on June 3, 2015. The filing covers the election of directors, the advisory vote on executive compensation, and the ratification of the independent auditor.
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 corporate governance voting outcomes.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders:
- Election of Directors: All nine nominees were elected to one-year terms. The highest "Against" vote was received by John J. Hamre (423,091 votes), while the lowest was Anthony J. Moraco (304,448 votes). Broker non-votes totaled 4,907,533 for all director elections.
- Executive Compensation: The non-binding advisory proposal to approve named executive officer compensation was approved with 30,520,249 votes for, 737,614 against, and 445,352 abstentions.
- Auditor Ratification: The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending January 29, 2016, was approved with 36,325,371 votes for, 118,099 against, and 167,278 abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the total number of shares outstanding to contextualize the voting percentages.
- Review the full proxy statement for details on the specific compensation packages approved by shareholders.
- Confirm the fiscal year end date (January 29, 2016) for future financial reporting cycles.
- Note the significant number of broker non-votes (4,907,533) on director elections and executive compensation, indicating shares held in street name where brokers lacked discretionary voting power.