Cisco Systems Announces Executive and Director Changes

Ticker: CSCO · Form: 8-K · Filed: 2025-05-13T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, director-changes, compensation

Related Tickers: CSCO

TL;DR

CISCO shakes up board & execs, compensation changes announced.

AI Summary

On May 12, 2025, Cisco Systems, Inc. filed an 8-K report detailing changes in its executive and director roles. The filing includes information on the departure of certain officers and directors, the election of new directors, and adjustments to officer compensation arrangements. Specific details regarding the individuals involved and the precise nature of compensation changes were not elaborated in the provided text.

Why It Matters

Changes in executive and director leadership can signal shifts in company strategy, governance, or operational focus, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in key leadership and compensation can indicate internal shifts that may affect future performance or strategy.

Key Players & Entities

FAQ

What specific roles have been affected by the departure of officers or directors?

The filing indicates the departure of certain officers and directors, but the specific roles are not detailed in the provided text.

Who are the newly elected directors?

The filing mentions the election of directors, but the names of the newly elected individuals are not specified in the provided text.

What are the details of the compensatory arrangements for certain officers?

The filing notes changes to compensatory arrangements for certain officers, but the specifics of these arrangements are not elaborated upon in the provided text.

What is the exact date of the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on May 12, 2025.

What is Cisco Systems, Inc.'s principal executive office address?

Cisco Systems, Inc.'s principal executive office is located at 170 West Tasman Drive, San Jose, California 95134-1706.

From the Filing

0000858877-25-000014.txt : 20250513 0000858877-25-000014.hdr.sgml : 20250513 20250513090038 ACCESSION NUMBER: 0000858877-25-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250512 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250513 DATE AS OF CHANGE: 20250513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CISCO SYSTEMS, INC. CENTRAL INDEX KEY: 0000858877 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] ORGANIZATION NAME: 06 Technology EIN: 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: 25937438 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-20250512.htm 8-K csco-20250512 false 0000858877 0000858877 2025-05-12 2025-05-12 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): May 12, 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. Appointment of Director On May 12, 2025, the Board of Directors of Cisco Systems, Inc. ("Cisco") appointed Kevin Weil, Chief Product Officer of OpenAI, as a member of the Board effective May 12, 2025. In connection with his appointment, the Board determined that Mr. Weil is “independent” under the applicable listing standards of The Nasdaq

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