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Changing SAICs Stock Structure
As you know, earlier this month, Ken Dahlberg announced a proposal to simplify SAICs stock structure. The proposal eliminates the current system of common and preferred stock classes by converting all class A preferred stock with 10 votes per share to common stock with one vote per share.
This month, SAIC is working to inform stockholders about the companys proposal. In early May, a proxy statement will be filed, and voting by stockholders begins. The proposal will be presented to stockholders for a vote at the June 19 annual stockholders meeting.
The proposal was one of the topics discussed in the Group Presidents Open Forum, hosted by Joe Craver, president of SAICs Infrastructure, Logistics and Product Solutions Group, on Tuesday. I invite you to watch the archived multicast on ISSAIC to hear the dialogue, to read Kens message, and to learn as much as possible about the proposed stock reclassification.
Comprehensive information, including answers to frequently asked questions, is posted on the Investor Relations site on SAIC.com. If you have a question about the proposed stock reclassification, please contact the Information Center from 8 a.m. - 8 p.m., Monday through Saturday, at 1-888-767-7272 (SAIC), or send in your question or comments through the online contact form.
If you are a fellow stockholder, I urge you to vote your conscience. The bottom line for all of us who are shareholders is this: Your vote counts.