Cisco Appoints New General Counsel, Sets Compensation

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

From the Filing

0001193125-24-236734.txt : 20241011 0001193125-24-236734.hdr.sgml : 20241011 20241011162029 ACCESSION NUMBER: 0001193125-24-236734 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241007 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241011 DATE AS OF CHANGE: 20241011 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: 241367786 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 d899200d8k.htm 8-K 8-K false 0000858877 0000858877 2024-10-07 2024-10-07     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): October 7, 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 ( 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. Departure of Director On October 7, 2024, Ekta Singh-Bushell notified Cisco Systems, Inc. (“Cisco”) of her decision not to stand for re-election at Cisco’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”). Ms. Singh-Bushell will continue to serve as a director un