secwatch.observer — SEC 8-K summary
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Issuer:     Science Applications International Corp (SAIC)
CIK:        0001571123
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0001193125-25-248919
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SAIC appoints James Reagan Interim CEO, reaffirms FY2026 guidance after CEO departure
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- James Reagan appointed Interim CEO effective Oct 23, 2025; he served as a board member since Jan 2023.
- Toni Townes-Whitley stepped down as CEO and board member; separation without cause triggers severance benefits.
- Reagan's compensation: $1.2M base salary, 150% bonus target, $2M in restricted stock units.
- Board reduced from 12 to 11 directors; permanent CEO search initiated with executive search firm.
- FY2026 guidance reaffirmed (originally Sept 4, 2025); potential federal shutdown could affect achievement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571123/000119312525248919/0001193125-25-248919-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571123/000119312525248919/d59585d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-248919

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