Leidos adds AT&T COO Jeff McElfresh to board

Leidos brought a longtime telecom operator onto its board. In a Form 8-K accepted Thursday morning and a related press release, Leidos Holdings said it elected Jeff McElfresh, chief operating officer of AT&T, as a director effective Oct. 1, 2026.

The board determined that McElfresh is independent under New York Stock Exchange rules. He will receive compensation under Leidos’s standard arrangements for non-employee directors, as described in the company’s proxy statement filed March 19, 2026. He was appointed to the Corporate Governance and Ethics Committee and the Technology and Information Security Committee, effective the same day. The filing said there are no arrangements or understandings pursuant to which he was selected and no related-party transactions requiring Item 404(a) disclosure.

In the Exhibit 99.1 release, Leidos said McElfresh’s AT&T career spans more than 30 years and that he oversees AT&T’s nationwide advanced connectivity infrastructure transformation. Board Chair Bob Shapard said the company is bringing McElfresh’s expertise to Leidos’s independent oversight.

Leidos shares were near $123.64 by midday Thursday, up about 1.5% from Wednesday’s close around $121.83 and down about 32.6% year to date.

By the numbers

• Effective date: Oct. 1, 2026
• Role: Independent director
• Committees: Corporate Governance and Ethics; Technology and Information Security
• Compensation: standard non-employee director program (March 19, 2026 proxy)
• LDOS midday Thursday: ~$123.64 (+1.5% vs Wednesday close)

Sources

1. Leidos Holdings, Inc. Form 8-K (Item 5.02), accepted Oct. 1, 2026 9:10:24 a.m. ET, accession 0001336920-26-000265
2. Leidos press release Exhibit 99.1, “Leidos appoints AT&T COO Jeff McElfresh to board of directors,” dated Oct. 1, 2026

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.