secwatch.observer — SEC 8-K summary
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Issuer:     Science Applications International Corp (SAIC)
CIK:        0001571123
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001193125-23-148120
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Nazzic Keene to retire Oct 2, 2023; Toni Townes-Whitley named successor
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- Townes-Whitley joins SAIC as CEO-elect on June 12 and becomes CEO Oct 2, also joining the Board.
- Keene receives $1.25M transition payment plus continued salary and benefits through Feb 2, 2024.
- Townes-Whitley's FY2024 compensation: $1.2M base salary, 140% STI target, $6.35M in LTI awards.
- Townes-Whitley previously led Microsoft's U.S. Regulated Industries, managing ~$16B revenue and 5,200 staff.
- Under Keene, SAIC grew GTAs to ~30% of revenue and shares outperformed Russell 1000 Value Index since 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571123/000119312523148120/0001193125-23-148120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571123/000119312523148120/d498908d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-148120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer