SAIC (SAIC) EVP Srinivas Attili exits following internal reorganization
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Science Applications International Corporation reported a leadership change tied to an internal reorganization. Srinivas Attili, Executive Vice President of the Civilian Business Group, stepped down from his role effective May 29, 2026 and will leave the company on or about June 12, 2026.
After his departure, Mr. Attili will receive severance benefits under Section 5 of SAIC’s Executive Severance, Change in Control and Retirement Policy. These benefits are conditioned on his signing and not revoking a release of claims against the company and agreeing to a two-year post-employment non-compete obligation.
Positive
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Negative
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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 Terms
internal reorganization, Executive Severance, Change in Control and Retirement Policy, release of claims, two-year post-employment non-compete obligation
4 terms
internal reorganization financial
"announced that in connection with an internal reorganization, Srinivas Attili..."
Executive Severance, Change in Control and Retirement Policy financial
"severance compensation pursuant to Section 5 of the Company’s Executive Severance, Change in Control and Retirement Policy"
release of claims financial
"in exchange for the execution and non-revocation of a release of claims against the Company"
two-year post-employment non-compete obligation financial
"and a two-year post-employment non-compete obligation"
FAQ
What executive change did SAIC (SAIC) disclose on June 1, 2026?
SAIC disclosed that Srinivas Attili, Executive Vice President of the Civilian Business Group, stepped down effective May 29, 2026 and will depart on or about June 12, 2026 as part of an internal reorganization.
Why is Srinivas Attili leaving SAIC (SAIC)?
SAIC stated that Srinivas Attili is departing in connection with an internal reorganization. He stepped down from his Executive Vice President role on May 29, 2026 and is expected to leave the company around June 12, 2026.
What severance will Srinivas Attili receive from SAIC (SAIC)?
Following his departure, Srinivas Attili will receive severance benefits under Section 5 of SAIC’s Executive Severance, Change in Control and Retirement Policy, provided he signs and does not revoke a release of claims against the company.
Does Srinivas Attili have a non-compete agreement with SAIC (SAIC)?
Yes. As a condition of receiving severance, Srinivas Attili agreed to a two-year post-employment non-compete obligation. This restricts certain competitive activities after leaving Science Applications International Corporation.
When will Srinivas Attili’s employment with SAIC (SAIC) end?
His role as Executive Vice President ended effective May 29, 2026, and SAIC stated he will depart from the company on or about June 12, 2026, following this transition period.