Leidos CEO Roger Krone to retire May 3, 2023; formal retirement agreement filed

Leidos Holdings, Inc.

Krone to retire as CEO May 3, 2023; remains full-time employee through July 31, 2023.
Prorated 2023 bonus target $1.911M; equity grant $4.05M with retirement treatment.
Consulting period from Aug 1, 2023 to Mar 29, 2024 at $1,000/hour.
Legal fee reimbursement up to $30,000; non-compete covenants through Mar 2025.
Krone to step down as Chairman at April 28, 2023 annual meeting.

item 5.02 item 9.01

Executive movements

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Departed

Roger A. Krone

Chief Executive Officer

LDOS · Leidos Holdings, Inc.

Effective: 2023-05-03
Filed: March 31, 2023, 7:59 PM ET

As previously disclosed by the Company on February 27, 2023, Roger A. Krone will retire as the Company’s Chief Executive Officer on May 3, 2023 and as Chairman at the time of the Company’s 2023 annual meeting of stockholders.

Departed

Roger A. Krone

Chairman

LDOS · Leidos Holdings, Inc.

Filed: March 31, 2023, 7:59 PM ET

As previously disclosed by the Company on February 27, 2023, Roger A. Krone will retire as the Company’s Chief Executive Officer on May 3, 2023 and as Chairman at the time of the Company’s 2023 annual meeting of stockholders.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Roger A. Krone departed as Chief Executive Officer at Leidos Holdings, Inc..

Action: will retire
Role: Chief Executive Officer

Exact text from the filing

As previously disclosed by the Company on February 27, 2023, Roger A. Krone will retire as the Company’s Chief Executive Officer on May 3, 2023 and as Chairman at the time of the Company’s 2023 annual meeting of stockholders.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Roger A. Krone departed as Chairman at Leidos Holdings, Inc..

Action: will retire
Role: Chairman

Exact text from the filing

As previously disclosed by the Company on February 27, 2023, Roger A. Krone will retire as the Company’s Chief Executive Officer on May 3, 2023 and as Chairman at the time of the Company’s 2023 annual meeting of stockholders.

View on SEC.gov

Leidos Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-010215

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