8-K
filed February 27, 2023, 6:59 PM ET
ticker LDOS
CIK 0001336920
leadership
confidence high
sentiment neutral
materiality 0.65
Leidos appoints Thomas Bell as CEO, succeeding Roger Krone effective May 3, 2023
Leidos Holdings, Inc.
- Thomas Bell, former Rolls-Royce North America CEO, named Leidos CEO effective May 3, 2023.
- Roger Krone retires as Chairman and CEO; will serve as advisor through July 2023.
- Robert Shapard expected to become independent non-executive chair after 2023 annual meeting.
- Bell's compensation: $1.25M base salary, 150% target bonus, $4.5M annual equity, up to $1.9M sign-on cash bonus.
- Severance includes double-trigger change-in-control provisions and 24-month non-compete.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.8
Thomas A. Bell was appointed as Director at Leidos Holdings, Inc..
- Action
- nominated
- Role
- Director
Exact text from the filing
will also nominate Mr. Bell to the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.85
Robert S. Shapard was appointed as independent non-executive chair at Leidos Holdings, Inc..
- Action
- appoint
- Role
- independent non-executive chair
Exact text from the filing
The Board expects to appoint Robert S. Shapard as independent, non-executive chair after the 2023 Annual Meeting
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.9
Roger A. Krone departed as Chairman of the Board at Leidos Holdings, Inc..
- Action
- retire
- Role
- Chairman of the Board
Exact text from the filing
Roger A. Krone, who will retire as Chairman at the time of the Company’s 2023 annual meeting of stockholders (“2023 Annual Meeting”), and Chief Executive Officer as of the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Roger A. Krone departed as Chief Executive Officer at Leidos Holdings, Inc..
- Action
- retire
- Role
- Chief Executive Officer
Exact text from the filing
Roger A. Krone, who will retire as Chairman at the time of the Company’s 2023 annual meeting of stockholders (“2023 Annual Meeting”), and Chief Executive Officer as of the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas A. Bell was appointed as Chief Executive Officer at Leidos Holdings, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
appointed Thomas A. Bell as the Company’s new Chief Executive Officer, expected to become effective May 3, 2023
View on SEC.gov
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