Cisco Systems Board Shake-up: Two Directors Depart, Two New Ones Elected
Ticker: CSCO · Form: 8-K · Filed: Feb 12, 2025 · CIK: 858877
Sentiment: neutral
Topics: board-changes, governance, director-election
Related Tickers: CSCO
TL;DR
Cisco's board sees turnover: Chandler & Burns out, Martinez & Thelander in.
AI Summary
On February 10, 2025, Cisco Systems, Inc. filed an 8-K report detailing the departure of two directors, Mark Chandler and M. Michele Burns, effective February 7, 2025. The company also announced the election of two new directors, Maria Martinez and Michael A. Thelander, to its Board of Directors, effective February 10, 2025.
Why It Matters
Changes in a company's board of directors can signal shifts in strategy, governance, or oversight, potentially impacting investor confidence and future business decisions.
Risk Assessment
Risk Level: low — This filing reports routine board changes and does not indicate any immediate financial or operational risks for the company.
Key Players & Entities
- Cisco Systems, Inc. (company) — Registrant
- Mark Chandler (person) — Departing Director
- M. Michele Burns (person) — Departing Director
- Maria Martinez (person) — Newly Elected Director
- Michael A. Thelander (person) — Newly Elected Director
- February 10, 2025 (date) — Report Date and Election Date
- February 7, 2025 (date) — Departure Date
FAQ
Who are the directors departing from Cisco Systems, Inc. and when did their departure become effective?
Mark Chandler and M. Michele Burns are the directors departing from Cisco Systems, Inc., with their departure effective February 7, 2025.
Who are the new directors elected to Cisco Systems, Inc.'s Board of Directors?
Maria Martinez and Michael A. Thelander have been elected as new directors to Cisco Systems, Inc.'s Board of Directors.
When were the new directors elected to the Cisco Systems, Inc. Board?
The new directors, Maria Martinez and Michael A. Thelander, were elected to the Board of Directors effective February 10, 2025.
What is the filing date of this 8-K report for Cisco Systems, Inc.?
The 8-K report for Cisco Systems, Inc. was filed as of February 12, 2025, and the date of the earliest event reported is February 10, 2025.
What specific items are being reported in this 8-K filing by Cisco Systems, Inc.?
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: 417 words · 2 min read · ~1 pages · Grade level 12 · Accepted 2025-02-12 16:47:33
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CSCO The Nasdaq Stock Market
Filing Documents
- csco-20250210.htm (8-K) — 24KB
- 0000858877-25-000004.txt ( ) — 143KB
- csco-20250210.xsd (EX-101.SCH) — 2KB
- csco-20250210_lab.xml (EX-101.LAB) — 21KB
- csco-20250210_pre.xml (EX-101.PRE) — 12KB
- csco-20250210_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election of Directors; Appointment
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departure of Officer On February 10, 2025, Gary Steele, President, Go-to-Market of Cisco Systems, Inc. ("Cisco"), notified Cisco of his decision to resign from Cisco, effective April 25, 2025, for an external CEO opportunity.
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: February 12, 2025 By: /s/ Evan Sloves Name: Evan Sloves Title: Secretary