Cisco Systems Board Shake-up: Two Directors Depart, Two New Ones Elected

Ticker: CSCO · Form: 8-K · Filed: 2025-02-12T00:00:00.000Z

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

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.

From the Filing

0000858877-25-000004.txt : 20250212 0000858877-25-000004.hdr.sgml : 20250212 20250212164733 ACCESSION NUMBER: 0000858877-25-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250210 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250212 DATE AS OF CHANGE: 20250212 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: 0726 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39940 FILM NUMBER: 25615593 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-20250210.htm 8-K csco-20250210 false 0000858877 0000858877 2025-02-10 2025-02-10 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 10, 2025 ___________________________________ 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. 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 Pursuant to the requirements of the Securities Exchange Act of 1934,

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