Calix Appoints New CEO, Michael Weening
Ticker: CALX · Form: 8-K · Filed: Aug 12, 2024 · CIK: 1406666
| Field | Detail |
|---|---|
| Company | Calix, Inc (CALX) |
| Form Type | 8-K |
| Filed Date | Aug 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.025, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-appointment, board-of-directors
Related Tickers: CALX
TL;DR
Calix CEO Carl Russo out, Michael Weening in. Board shuffle too.
AI Summary
On August 8, 2024, Calix, Inc. announced the appointment of Michael J. Weening as its new Chief Executive Officer, succeeding Carl J. Russo. Weening, previously the President and Chief Operating Officer, will also join the Board of Directors. The company also announced the appointment of Patricia R. Johnson as Lead Independent Director.
Why It Matters
This leadership change at Calix, Inc. could signal a new strategic direction for the company, impacting its growth trajectory and market position in the communications services sector.
Risk Assessment
Risk Level: medium — CEO transitions can introduce uncertainty regarding future strategy and execution, potentially impacting investor confidence.
Key Players & Entities
- Calix, Inc. (company) — Registrant
- Michael J. Weening (person) — Appointed CEO
- Carl J. Russo (person) — Departing CEO
- Patricia R. Johnson (person) — Appointed Lead Independent Director
- August 8, 2024 (date) — Effective date of appointments
FAQ
Who has been appointed as the new CEO of Calix, Inc.?
Michael J. Weening has been appointed as the new Chief Executive Officer of Calix, Inc.
Who did Michael J. Weening succeed as CEO?
Michael J. Weening succeeded Carl J. Russo as CEO of Calix, Inc.
When were these leadership changes effective?
The leadership changes were effective as of August 8, 2024.
What other board position has Michael J. Weening taken?
Michael J. Weening has also joined the Board of Directors of Calix, Inc.
Who has been appointed as the Lead Independent Director?
Patricia R. Johnson has been appointed as the Lead Independent Director.
Filing Stats: 800 words · 3 min read · ~3 pages · Grade level 11.4 · Accepted 2024-08-12 16:10:12
Key Financial Figures
- $0.025 — ich Registered Common Stock, par value $0.025 per share CALX New York Stock Exchange
- $50,000 — ector, Mr. Oosterman will receive (i) a $50,000 annual retainer for his service on the
Filing Documents
- calx-20240808.htm (8-K) — 37KB
- a991aug12pressrelease.htm (EX-99.1) — 17KB
- image_0.jpg (GRAPHIC) — 13KB
- 0001406666-24-000032.txt ( ) — 199KB
- calx-20240808.xsd (EX-101.SCH) — 2KB
- calx-20240808_lab.xml (EX-101.LAB) — 21KB
- calx-20240808_pre.xml (EX-101.PRE) — 12KB
- calx-20240808_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. A copy of the Company's press release, dated August 12, 2024, announcing the appointment of Mr. Oosterman is furnished as Exhibit 99.1 hereto and is incorporated by reference herein.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated August 12 , 2024, announcing the appointment of Wade Oosterman to the Board 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3 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. Date: August 12, 2024 Calix, Inc. By: /s/ Doug McNitt Doug McNitt EVP, General Counsel 4