Cisco Systems: Leadership Changes and New Board Members
Ticker: CSCO · Form: 8-K · Filed: Jun 14, 2024 · CIK: 858877
| Field | Detail |
|---|---|
| Company | Cisco Systems, INC. (CSCO) |
| Form Type | 8-K |
| Filed Date | Jun 14, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $105,000, $245,000 b, $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, appointment, board-of-directors
Related Tickers: CSCO
TL;DR
Cisco's CLO is out, new CLO in, and two new board members elected. #leadership
AI Summary
Cisco Systems, Inc. announced on June 12, 2024, the departure of its Chief Legal Officer, Mark Chandler, effective June 14, 2024. The company also appointed Michelle De Cordova as the new Chief Legal Officer. Additionally, Cisco announced the election of two new directors, Karen Puckett and Michael Smith, to its Board of Directors, effective June 12, 2024.
Why It Matters
Significant leadership changes in legal and board positions can impact strategic direction and corporate governance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive appointments, with no immediate financial implications.
Key Players & Entities
- Cisco Systems, Inc. (company) — Registrant
- Mark Chandler (person) — Departing Chief Legal Officer
- June 14, 2024 (date) — Effective date of Mark Chandler's departure
- Michelle De Cordova (person) — Appointed Chief Legal Officer
- Karen Puckett (person) — Elected Director
- Michael Smith (person) — Elected Director
- June 12, 2024 (date) — Effective date of new director elections
FAQ
Who is the new Chief Legal Officer at Cisco Systems?
Michelle De Cordova has been appointed as the new Chief Legal Officer.
When is Mark Chandler's departure effective?
Mark Chandler's departure as Chief Legal Officer is effective June 14, 2024.
How many new directors were elected to Cisco's Board?
Two new directors, Karen Puckett and Michael Smith, were elected to the Board.
What is Cisco Systems' principal executive office address?
Cisco Systems' principal executive office is located at 170 West Tasman Drive, San Jose, California 95134-1706.
What is the filing date for this 8-K report?
This 8-K report was filed as of June 14, 2024.
Filing Stats: 852 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2024-06-14 16:06:44
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CSCO The Nasdaq Stock Market
- $105,000 — will receive a pro rata portion of the $105,000 annual cash retainer, paid quarterly in
- $245,000 b — ir value equal to a pro rata portion of $245,000 based on the portion of the year of her b
- $25,000 — year 2024, the maximum match amount is $25,000). In connection with her appointment,
Filing Documents
- csco-20240612.htm (8-K) — 27KB
- 0000858877-24-000010.txt ( ) — 148KB
- csco-20240612.xsd (EX-101.SCH) — 2KB
- csco-20240612_lab.xml (EX-101.LAB) — 21KB
- csco-20240612_pre.xml (EX-101.PRE) — 12KB
- csco-20240612_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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. CISCO SYSTEMS, INC. Dated: June 14, 2024 By: /s/ Evan Sloves Name: Evan Sloves Title: Secretary