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LDOS > SEC Filings for LDOS > Form 8-K on 15-Jul-2014All Recent SEC Filings

Show all filings for LEIDOS HOLDINGS, INC.



Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 14, 2014, John P. Jumper retired as Chief Executive Officer of Leidos Holdings, Inc. and Leidos, Inc. (collectively, the "Company"). Mr. Jumper will remain as Chair of the Company's Board of Directors, serving as a non-employee director.

As a non-employee director, Mr. Jumper is entitled to receive the same regular cash and equity compensation paid by the Company to each of its non-employee directors as described in the "Director Compensation" section of the Company's 2014 proxy statement filed with the Securities and Exchange Commission on April 25, 2014. In addition, Mr. Jumper will receive an annual stipend of $150,000 for service as non-employee Chair of the Board. In connection with his retirement as Chief Executive Officer, the Company will reimburse Mr. Jumper up to $25,000 for relocation costs and expenses.

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