CACI International Inc (CACI)
February 21, 2013 8:30 am ET
David L. Dragics - Senior Vice President of Investor Relations
Jack Phillip London - Executive Chairman, Chairman of Advisory Board and Chairman of Executive Committee
Kenneth Asbury - Chief Executive Officer and President
William R. Loomis - Stifel, Nicolaus & Co., Inc., Research Division
Joseph B. Nadol - JP Morgan Chase & Co, Research Division
George A. Price - BB&T Capital Markets, Research Division
Tobey Sommer - SunTrust Robinson Humphrey, Inc., Research Division
Brian Kinstlinger - Sidoti & Company, LLC
Good day, ladies and gentlemen, and welcome to the CACI International Inc. Conference Call. [Operator Instructions] As a reminder, today's conference call is being recorded. I would now like to introduce your host for today's conference, Mr. Dave Dragics, Senior Vice President, Investor Relations. Mr. Dragics, please begin.
David L. Dragics
Thank you, Janine, and good morning, everyone, and welcome to our call. I'm Dave Dragics, Senior Vice President, Investor Relations. On the call with me this morning are CACI's Executive Chairman and Chairman of the Board, Dr. Jack London; and President and Chief Executive Officer, Ken Asbury.
Before I turn the call over to Dr. London, there are a few housekeeping items. As we just gathered a few weeks ago, this will be an abbreviated call, with its focus on the transition we announced in last evening's press release. We will open the line up to your questions following the opening remarks, and we would ask you to please keep them specific, your question specific to yesterday's announcement.
I'd also like to remind you there will be statements in this call that do not address historical fact and as such, constitute forward-looking statements under current law. These statements reflect our views as of today and are subject to important factors that could cause our actual results to differ materially from anticipated results. Now the factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors described in the company's Securities and Exchange Commission filings. Any forward-looking statements should not be unduly relied upon and only speak as of this date.
So thank you again for taking the time to join us this morning. It's now my pleasure to turn the call over to Dr. London. Jack?
Jack Phillip London
Thank you, Dave, and good morning, everyone. Those of you who have followed CACI over the years know that this company has always prided in itself on our business development and our strategic M&A program regardless of the market environment. This strategy has been the foundation of our long-term success. Yesterday's appointment of Ken Asbury as President and Chief Executive Officer of CACI built squarely on that tradition.
When it comes to business development, winning contracts and growth, Ken Asbury has a superior track record and is a leader in our industry. For some 27 years leading business expansion and capture of Lockheed Martin across its technical operations, mission services and civil business, Ken has built an impressive track record of delivering superior enterprise growth, customer value and employee commitment. More recently, he took an extensive skill set and has driven growth and development for ASRC Federal as that company's President and CEO. We followed Ken consistently through his progress and impressive achievements closely over the years. I know that he has the specific background, experience and the entrepreneurial DNA to deploy that laser-sharp BD focus, winning contracts and continue CACI's success and growth.
I'm sure you're all aware of the challenges this industry faces. As the CACI Board of Directors assessed the market conditions, we made the business decision that a leadership change was necessary. This is the best course of action for the company, and we do thank Dan Allen for his 2 years of service and wish him well.
Clearly, this is no ordinary time in our markets, but CACI has always strived and grown even in challenging environments, and this time we intend it will be no different. CACI has a growth oriented culture. That growth begins with a highly experienced business development team and is fulfilled by the excellent delivery and operational excellence of our solutions and services by CACI's fine team. We are pleased that Ken will now be leading our team and our business development team. He epitomizes our culture of growth through winning contracts and operational excellence, and we are confident in Ken's credentials, and I look forward to working with him. We have the right team in place for the future and for the future success of CACI.
At this point, I'd now like to turn the mic over to Ken.
Thank you, Jack, for that very kind introduction. It is a pleasure to be on this call today, and I look forward to the opportunity to meet all of you in the coming months and to work with you.
I have watched CACI with great admiration throughout my career. I have appreciated its ability to look around corners, to see trend lines and quickly adapt to changing environments, finding opportunities before its competition and then creating an internal culture with an external expectation of excellence that is second to none. That culture is fundamentally rooted in CACI's employees who consistently deliver mission-critical service for our clients day in and day out. Their hard work is the reason that CACI has such a stellar reputation and image in the marketplace. I am honored to serve as the President and CEO and look forward to this opportunity to work more closely with the dedicated employees of CACI.
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