Cisco Reports Material Agreement & Financial Obligation

TL;DR

**Cisco just reported a new material agreement and financial obligation, but the details are still under wraps.**

AI Summary

This 8-K filing from Cisco Systems, Inc. on February 8, 2024, reports an event that occurred on February 2, 2024, concerning the entry into a material definitive agreement and the creation of a direct financial obligation. While the filing indicates these events, it does not provide specific details about the nature of the agreement or the financial obligation. For investors, this matters because material agreements or new financial obligations can significantly impact Cisco's future revenue, expenses, and overall financial health, even though the specifics are currently undisclosed.

Why It Matters

This filing signals that Cisco has entered into a significant agreement or taken on new debt, which could affect its financial performance and strategic direction, even though the details are not yet public.

Risk Assessment

Risk Level: medium — The risk is medium because a material definitive agreement and a direct financial obligation are significant events, but without specific details, the exact impact on Cisco's financial health and stock price is unknown.

Analyst Insight

A smart investor would monitor subsequent filings (like 10-K, 10-Q, or another 8-K) for Cisco Systems, Inc. to get the specific details of the material definitive agreement and financial obligation, as these will determine the actual impact on the company's financials and future prospects.

Key Players & Entities

• CISCO SYSTEMS, INC. (company) — the registrant filing the 8-K
• February 2, 2024 (date) — the date of the earliest event reported
• February 8, 2024 (date) — the filing date of the 8-K
• 0000858877 (company) — Cisco's Central Index Key (CIK)

FAQ

From the Filing

0001193125-24-028353.txt : 20240208 0001193125-24-028353.hdr.sgml : 20240208 20240208161101 ACCESSION NUMBER: 0001193125-24-028353 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240202 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CISCO SYSTEMS, INC. CENTRAL INDEX KEY: 0000858877 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770059951 STATE OF INCORPORATION: DE FISCAL YEAR END: 0727 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39940 FILM NUMBER: 24609190 BUSINESS ADDRESS: STREET 1: 170 WEST TASMAN DR CITY: SAN JOSE STATE: CA ZIP: 95134-1706 BUSINESS PHONE: 4085264000 MAIL ADDRESS: STREET 1: 170 WEST TASMAN DR CITY: SAN JOSE STATE: CA ZIP: 95134-1706 FORMER COMPANY: FORMER CONFORMED NAME: CISCO SYSTEMS INC DATE OF NAME CHANGE: 19920703 8-K 1 d759983d8k.htm 8-K 8-K false 0000858877 0000858877 2024-02-02 2024-02-02     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 2, 2024     CISCO SYSTEMS, INC. (Exact name of registrant as specified in its charter)       Delaware   001-39940   77-0059951 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   170 West Tasman Drive , San Jose , California   95134-1706 (Address of principal executive offices)   (Zip Code) (408) 526-4000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.001 per share   CSCO   The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01 Entry into a Material Definitive Agreement. On February 2, 2024, Cisco Systems, Inc. (“Cisco”) entered into the Third Amended and Restated Credit Agreement (the “Credit Agreement”) by and among Cisco, certain lenders party thereto (the “Lenders”) and Bank of America, N.A. (“