SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Date of Report
January 19, 1995
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Commission File No. 1-4850
COMPUTER SCIENCES CORPORATION
Incorporated in the State of Nevada
Employer Identification No. 95-2043126
2100 East Grand Avenue
El Segundo, California 90245
Telephone (310) 615-0311
Item 5 - Other Events
The Company has announced that William R. Hoover, its chief executive officer,
will retire March 31, 1995. Mr Hoover, 65, has been chief executive officer of
Computer Sciences Corporation since 1972. Van B. Honeycutt, 49, who has been
president and chief operating officer since June 14, 1993, will succeed him as
chief executive officer.
Mr. Hoover, who also has been chairman of the board of directors since 1972,
will continue in that role. He was promoted to vice president in 1965 and was
elected to CSC's board of directors in 1967. Hoover was named executive vice
president in March 1969 and was elected president of CSC in November that same
year. He became chairman and CEO in November of 1972.
Mr. Honeycutt has been a corporate officer since 1987 and was president of
CSC's Industry Services Group before being named to the newly-created
position of president and chief operating officer in June 1993. Since joining
the Company in 1975, Mr. Honeycutt's experience covers virtually all of the
Company's activities and markets.
This forthcoming event was publicly disclosed in a routine Company press
release published on October 31, 1994, a copy of which is appended as a part
of this report.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COMPUTER SCIENCES CORPORATION
Date: January 19, 1995 by: /s/ Denis M. Crane
---------------------
Denis M. Crane
Vice President and Controller
Chief Accounting Office
Computer Sciences Corporation
2100 East Grand Avenue
El Segundo, California 90245
News Release
Contact: Bruce Plowman or Mary Rhodes 310.615.0311
FOR IMMEDIATE RELEASE Moved on Business Wire 10/31/94
HOOVER TO RETIRE AT CSC MARCH 31, HONEYCUTT WILL BECOME CEO
EL SEGUNDO, Calif., Oct. 31---William R. Hoover, 64, who has been
chief executive officer of Computer Sciences Corporation (NYSE:CSC)
since 1972, will retire March 31, 1995, the company announced today.
Van B. Honeycutt, 49, who has been president and chief operating
officer since June 14, 1993, will become CEO.
Hoover, who also has been chairman of the board of directors
since 1972, will continue in that role. He joined CSC as manager of
the company's Los Angeles division in 1964 from NASA's Jet Propulsion
Lab in Pasadena, Calif., where he directed the lab's data processing
activities. He was promoted to vice president in 1965 and was elected
to CSC's board of directors in 1967. Hoover was named executive vice
president in March 1969 and was elected president of CSC in November
that same year. He became chairman and CEO in November 1972.
"Van Honeycutt is extremely well qualified to lead CSC into the
next century," said Hoover. "His experience covers virtually all of
the company's activities and markets, and he has consistently
demonstrated excellent business judgement and strong leadership and
management capabilities during his career with CSC."
Honeycutt cited Hoover's role in bringing the company from
revenue of just over $100 million when he became CEO to CSC's $2.9
billion in current annual revenue.
"Under Bill Hoover's guidance, CSC has been one of the dominant
companies in the information technology business for more than two
decades," said Honeycutt. "We will build on his legacy of excellent
performance for our clients and technology leadership as we go
forward."
Honeycutt has been a corporate officer since 1987 and was
president of CSC's Industry Services Group before being named to the
newly-created position of president and chief operating officer in
June 1993. He has led the company's advance in providing data
services outsourcing to commercial clients in the United States,
Europe and the Pacific Rim, an activity that contributes more than
$800 million in annual revenue to CSC. Honeycutt was president of
CSC's credit services business from 1983 to 1987, when he was named
group president. Prior to 1983, he held a number of executive
positions with CSC in both the commercial and federal areas. He
joined the company in 1975.
Computer Sciences Corporation has $2.9 billion in annual
revenues, about 55% of which comes from commercial clients and the
rest from the U.S. government. The company is headquartered in El
Segundo, Calif., and has 30,000 employees in 450 offices, primarily in
the U.S., Europe and the Pacific Rim. CSC provides clients with the
full range of information technology services, including business
reengineering and management consulting, systems development and
integration, and systems operations and outsourcing.
