secwatch.observer — SEC 8-K summary
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Issuer:     Leidos Holdings, Inc. (LDOS)
CIK:        0001336920
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001336920-23-000019
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leidos appoints Thomas Bell as CEO, succeeding Roger Krone effective May 3, 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336920/000133692023000019/0001336920-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336920/000133692023000019/ldos-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001336920-23-000019

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