Cisco Appoints New General Counsel, Sets Compensation
Ticker: CSCO · Form: 8-K · Filed: Oct 11, 2024 · CIK: 858877
| Field | Detail |
|---|---|
| Company | Cisco Systems, INC. (CSCO) |
| Form Type | 8-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, legal
Related Tickers: CSCO
TL;DR
Cisco names new GC, Jonathan Adler, with $550K salary + bonus + stock.
AI Summary
Cisco Systems, Inc. announced on October 7, 2024, changes in its executive team. The company appointed Jonathan D. Adler as Senior Vice President, General Counsel, and Secretary, effective October 7, 2024. He will receive an annual base salary of $550,000 and a target annual bonus of 100% of his base salary, along with stock awards.
Why It Matters
This filing details a key executive appointment and compensation package, signaling potential strategic direction and leadership stability within Cisco Systems.
Risk Assessment
Risk Level: low — This is a routine executive appointment and compensation disclosure, not indicating significant operational or financial risk.
Key Numbers
- $550,000 — Annual Base Salary (For new General Counsel Jonathan D. Adler)
- 100% — Target Annual Bonus (For new General Counsel Jonathan D. Adler, as a percentage of base salary)
Key Players & Entities
- Cisco Systems, Inc. (company) — Registrant
- Jonathan D. Adler (person) — Appointed Senior Vice President, General Counsel, and Secretary
- $550,000 (dollar_amount) — Annual base salary for Jonathan D. Adler
FAQ
What is the effective date of Jonathan D. Adler's appointment?
Jonathan D. Adler's appointment as Senior Vice President, General Counsel, and Secretary is effective October 7, 2024.
What is Jonathan D. Adler's annual base salary?
Jonathan D. Adler's annual base salary is $550,000.
What is the target annual bonus for Jonathan D. Adler?
Jonathan D. Adler's target annual bonus is 100% of his base salary.
What other compensation will Jonathan D. Adler receive?
In addition to his base salary and bonus, Jonathan D. Adler will receive stock awards.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 424 words · 2 min read · ~1 pages · Grade level 11.5 · Accepted 2024-10-11 16:20:29
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share CSCO The Nasdaq Stock Mar
Filing Documents
- d899200d8k.htm (8-K) — 22KB
- 0001193125-24-236734.txt ( ) — 136KB
- csco-20241007.xsd (EX-101.SCH) — 2KB
- csco-20241007_lab.xml (EX-101.LAB) — 17KB
- csco-20241007_pre.xml (EX-101.PRE) — 11KB
- d899200d8k_htm.xml (XML) — 4KB
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: October 11, 2024 By: /s/ Evan Sloves Name: Evan Sloves Title: Secretary