Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Science Applications Intl (SAIC)

SAIC Names Director James Reagan Interim CEO After Toni Townes-Whitley Steps Down

Mixed Impact 4 of 5 leadership Written later

Science Applications International Corp. replaced CEO Toni Townes-Whitley with board member James Reagan as interim chief executive, effective October 23, 2025, and is searching for a permanent CEO. The company reaffirmed its fiscal 2026 guidance but said a prolonged federal government shutdown could impair its ability to achieve it and that it may reassess that guidance.

Key points

  • James C. Reagan, a board member since January 2023 and former Leidos CFO, named interim CEO effective October 23, 2025.
  • Reagan's base salary is $1,200,000, with a short-term bonus target of 150% of salary and $2,000,000 in long-term RSU awards.
  • Townes-Whitley departed without cause and receives severance benefits in exchange for a release and a two-year non-compete.
  • The company reaffirmed fiscal 2026 guidance first issued September 4, 2025, and may reassess it depending on the government shutdown.

The filing

CompanyScience Applications Intl (SAIC)
Form8-K, current report
Filed with the SECOct 23, 2025, 5:21 PM ET
Accession number0001193125-25-248919

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.