Science Applications International Corp 8-K

What Happened
Science Applications International Corporation (SAIC) announced an internal reorganization that led to Srinivas Attili, Executive Vice President of the Civilian Business Group, stepping down from his role effective May 29, 2026. Mr. Attili is expected to depart the company on or about June 12, 2026 and will receive severance under the company’s Executive Severance, Change in Control and Retirement Policy.

Key Details

• Mr. Attili stepped down effective May 29, 2026; anticipated final departure on or about June 12, 2026.
• Severance will be provided pursuant to Section 5 of SAIC’s Executive Severance, Change in Control and Retirement Policy.
• Severance is conditioned on the execution and non-revocation of a release of claims and includes a two-year post-employment non-compete obligation.
• Change occurred as part of an internal reorganization (filed on Form 8-K, June 1, 2026).

Why It Matters
This is an executive personnel change that may affect SAIC’s Civilian Business Group leadership and continuity through the transition. For investors, the filing signals management restructuring and notes contractual obligations (severance and a two-year non-compete) that have potential cash and operational implications, though the 8-K does not disclose severance amounts or immediate financial impact.