Science Applications International (SAIC) expands board, appoints David Benson and David Cush
Rhea-AI Filing Summary
Science Applications International Corporation appointed David Benson and David Cush to its Board of Directors for an initial term beginning on August 20, 2026 and ending at the 2027 annual meeting of stockholders. To accommodate these appointments, the Board size was increased from ten to twelve directors.
As of the effective date, both Benson and Cush will serve on the Audit Committee; Benson will also join the Human Resources and Compensation Committee, while Cush will join the Nominating and Corporate Governance Committee. Benson brings extensive financial-services and capital-markets experience, including overseeing more than $25 billion in annual revenue and approximately 8,000 employees at Fannie Mae, along with prior CFO and capital-markets leadership roles. Cush adds deep operational and restructuring experience across aviation and transportation, including leading Virgin America through its IPO and a $4 billion sale, and overseeing a 330-location collision-repair business through transformation and sale. Both will receive the standard pro-rated cash and equity compensation for non-employee directors and may participate in the company’s Deferred Compensation Plan.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Board size after appointments: 12 directors
Effective date of new directors: August 20, 2026
Annual revenue overseen by Benson at Fannie Mae: $25 billion
+3 more
6 metrics
Board size after appointments
12 directors
Board increased from ten to twelve members with Benson and Cush appointments
Effective date of new directors
August 20, 2026
Start of initial Board term for David Benson and David Cush
Annual revenue overseen by Benson at Fannie Mae
$25 billion
Revenue managed as President of Fannie Mae, involving about 8,000 employees
Employees overseen by Benson at Fannie Mae
8,000 employees
Workforce managed across revenue-generating businesses and corporate functions
Sale value of Virgin America
$4 billion
Transaction value for Virgin America’s sale to Alaska Airlines under Cush’s leadership
Collision-repair locations led by Cush
330 locations
Scope of Service King Collision’s national footprint during Cush’s CEO tenure
Key Terms
Emerging growth company, Deferred Compensation Plan, government conservatorship, financial restructuring, +1 more
5 terms
Emerging growth company regulatory
"Emerging growth company On August 10, 2026, Science Applications"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Deferred Compensation Plan financial
"the Company’s Deferred Compensation Plan, which allows directors to defer"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
government conservatorship regulatory
"while navigating the government conservatorship that began in 2008"
financial restructuring financial
"where he led the operational transformation and financial restructuring of a"
A financial restructuring is a planned change to a company’s debts, assets or cost structure aimed at improving its ability to survive and generate cash, for example by renegotiating loans, selling assets, cutting costs or swapping debt for equity. It matters to investors because it can change who gets paid first, reduce the risk of failure, dilute existing shares or alter future profits — like reorganizing a household budget and selling valuables to stay afloat and pay bills.
Nominating and Corporate Governance Committee regulatory
"Cush will serve on the Nominating and Corporate Governance Committee"
A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board changes did SAIC (SAIC) announce on August 10, 2026?
Science Applications International Corporation added David Benson and David Cush to its Board, effective August 20, 2026, and increased the Board size from ten to twelve directors for an initial term through the 2027 annual meeting.
Which SAIC (SAIC) board committees will David Benson and David Cush join?
As of August 20, 2026, both David Benson and David Cush will serve on SAIC’s Audit Committee. Benson will also join the Human Resources and Compensation Committee, while Cush will join the Nominating and Corporate Governance Committee.
What relevant experience does new SAIC director David Benson bring?
David Benson is a former President of Fannie Mae, where he oversaw more than $25 billion in annual revenue and about 8,000 employees, and previously served as CFO, Executive Vice President of Capital Markets, and Treasurer during major business and financial transformations.
What is the background of new SAIC director David Cush?
David Cush has over 30 years of executive leadership, including as CEO of Virgin America, which he led from startup through IPO and a $4 billion sale, and as CEO of a 330-location national collision-repair company through operational transformation and financial restructuring.
How will SAIC compensate new directors David Benson and David Cush?
Benson and Cush will receive SAIC’s standard annual cash and equity compensation for non-employee directors, pro-rated until the 2027 annual meeting, and may use the Deferred Compensation Plan to defer up to 100% of their cash retainers and meeting fees.