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  • Friday, April 26, 2024

Report: SAIC Shareholders to Vote on Name Change to Original Form

SAIC Inc. (NYSE: SAI) shareholders will vote on a proposal to revert the company to its former name of Science Applications International Corp., the Washington Business Journal reports.

Shareholders will make their decision at a June 15 meeting but operations and investments will remain unaffected, according to an April 6 filing with the Securities and Exchange Commission.

The McLean, Va.-based engineering and contracting firm began trading under the abbreviated form its name in 2006 when it listed on the New York Stock Exchange.

Many agencies still list contract awards to the company as an award to the long-form version of the name rather than the abbreviated version, according to the Business Journal.

A Dec. 19 SEC filing indicates that Lockheed Martin Corp. (NYSE: LMT) shareholders will vote on whether to split the roles of chairman of the board and CEO.

That vote will occur at an annual spring meeting.

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