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 Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) On June 5, 2017, Vincent A. Maffeo determined that he will
retire as Executive Vice President and General Counsel of Leidos
Holdings, Inc. with an anticipated effective date of July 15,
2017 (the Retirement Date).
retire as Executive Vice President and General Counsel of Leidos
Holdings, Inc. with an anticipated effective date of July 15,
2017 (the Retirement Date).
(e) On June 5, 2017, we entered into a Retirement Agreement (the
Agreement) with Mr. Maffeo setting forth the terms and conditions
of his departure from the Company. to the Agreement, Mr. Maffeo
will continue to receive his base salary through the Retirement
Date and, in consideration of additional restrictions on
competitive activities and customary provisions relating to
non-disparagement, non-solicitation, cooperation and a release of
claims, Mr. Maffeo will receive an additional aggregate amount of
approximately $2 million, less applicable tax withholdings.
Agreement) with Mr. Maffeo setting forth the terms and conditions
of his departure from the Company. to the Agreement, Mr. Maffeo
will continue to receive his base salary through the Retirement
Date and, in consideration of additional restrictions on
competitive activities and customary provisions relating to
non-disparagement, non-solicitation, cooperation and a release of
claims, Mr. Maffeo will receive an additional aggregate amount of
approximately $2 million, less applicable tax withholdings.
All equity awards issued to Mr. Maffeo under the Companys equity
incentive plans that remain outstanding as of the Retirement Date
will continue to vest following the Retirement Date in accordance
with the terms and conditions of the award agreements.
incentive plans that remain outstanding as of the Retirement Date
will continue to vest following the Retirement Date in accordance
with the terms and conditions of the award agreements.
A copy of the Retirement Agreement is filed as Exhibit 10.1 to
this Report and incorporated herein by reference.
this Report and incorporated herein by reference.
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Item 9.01.
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Financial Statements and Exhibits.
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(d)
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Exhibits
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Exhibit 10.1
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Retirement Agreement dated June 5, 2017, between Leidos
Holdings, Inc. and Vincent A. Maffeo. |
