LEIDOS HOLDINGS, INC. (NYSE:LDOS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
(d) Effective as of June 26, 2017, the Board of Directors of Leidos Holdings, Inc. appointed Frank Kendall III to serve as a director. Mr. Kendall will serve as a member of the Nominating and Corporate Governance Committee, the Classified Business Oversight Committee and the Innovation and Technology Committee.
As a director, Mr. Kendall will be entitled to receive the standard remuneration provided to the companys non-management directors, including (i) an annual cash retainer of $70,000, (ii) fees of $2,000 for each meeting of the Board that he attends and for each meeting of any committee of which he is a member that he attends, and (iii) an annual grant of equity awards valued at approximately $150,000, two-thirds in the form of restricted stock and one-third in the form of stock options.