Cisco Systems: Leadership Changes and New Board Members

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

From the Filing

0000858877-24-000010.txt : 20240614 0000858877-24-000010.hdr.sgml : 20240614 20240614160644 ACCESSION NUMBER: 0000858877-24-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240612 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240614 DATE AS OF CHANGE: 20240614 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: 241044760 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 csco-20240612.htm 8-K csco-20240612 false 0000858877 0000858877 2024-06-12 2024-06-12 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): June 12, 2024 ___________________________________ CISCO SYSTEMS, INC. (Exact name of registrant as specified in its charter) ___________________________________ Delaware (State or other jurisdiction of incorporation) 001-39940 (Commission File Number) 77-0059951 (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 ( see General Instruction A.2. below): ☐ 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 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Director On June 12, 2024, the Board of Directors (the “Board”) of Cisco Systems, Inc. ("Cisco") appointed Ekta Singh-Bushell, former Deputy to the First Vice President, Chief Operating Officer, Executive Office at the Federal Reserve Bank of New York, as a member of the Board effective June 14