8-K filed October 10, 2023, 7:59 PM ET ticker CSCO CIK 0000858877

leadership confidence high sentiment neutral materiality 0.50

Three Cisco directors not standing for re-election; PayPal's former CEO Daniel Schulman appointed to board

CISCO SYSTEMS, INC.

M. Michele Burns, Roderick C. McGeary, and Dr. Lisa T. Su will not stand for re-election at the 2023 annual meeting.
Daniel H. Schulman, former President and CEO of PayPal, appointed to Cisco's board effective October 10, 2023.
Schulman receives standard non-employee director compensation: pro-rata $80k annual cash retainer and pro-rata $245k initial equity award.
Schulman's committee assignments have not yet been determined; he entered into Cisco's standard indemnification agreement.

item 5.02

Executive movements

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Appointed

Daniel H. Schulman

Director

CSCO · CISCO SYSTEMS, INC.

Effective: 2023-10-10
Filed: October 10, 2023, 7:59 PM ET

On October 5, 2023, the Board of Directors (the “Board”) of Cisco appointed Daniel H. Schulman, former President and Chief Executive Officer of PayPal Holdings, Inc., as a member of the Board effective October 10, 2023.

Departed

Roderick C. McGeary

Director

CSCO · CISCO SYSTEMS, INC.

Filed: October 10, 2023, 7:59 PM ET

On October 4, 2023, M. Michele Burns, Roderick C. McGeary, and Dr. Lisa T. Su each notified Cisco Systems, Inc. ("Cisco") of their respective decision not to stand for re-election at Cisco's 2023 annual meeting of stockholders (the "2023 Annual Meeting").

Departed

M. Michele Burns

Director

CSCO · CISCO SYSTEMS, INC.

Filed: October 10, 2023, 7:59 PM ET

On October 4, 2023, M. Michele Burns, Roderick C. McGeary, and Dr. Lisa T. Su each notified Cisco Systems, Inc. ("Cisco") of their respective decision not to stand for re-election at Cisco's 2023 annual meeting of stockholders (the "2023 Annual Meeting").

Departed

Dr. Lisa T. Su

Director

CSCO · CISCO SYSTEMS, INC.

Filed: October 10, 2023, 7:59 PM ET

On October 4, 2023, M. Michele Burns, Roderick C. McGeary, and Dr. Lisa T. Su each notified Cisco Systems, Inc. ("Cisco") of their respective decision not to stand for re-election at Cisco's 2023 annual meeting of stockholders (the "2023 Annual Meeting").

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Daniel H. Schulman was appointed as Director at CISCO SYSTEMS, INC..

Action: appointed
Role: Director

Exact text from the filing

On October 5, 2023, the Board of Directors (the “Board”) of Cisco appointed Daniel H. Schulman, former President and Chief Executive Officer of PayPal Holdings, Inc., as a member of the Board effective October 10, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Roderick C. McGeary departed as Director at CISCO SYSTEMS, INC..

Action: not stand for re-election
Role: Director

Exact text from the filing

On October 4, 2023, M. Michele Burns, Roderick C. McGeary, and Dr. Lisa T. Su each notified Cisco Systems, Inc. ("Cisco") of their respective decision not to stand for re-election at Cisco's 2023 annual meeting of stockholders (the "2023 Annual Meeting").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

M. Michele Burns departed as Director at CISCO SYSTEMS, INC..

Action: not stand for re-election
Role: Director

Exact text from the filing

On October 4, 2023, M. Michele Burns, Roderick C. McGeary, and Dr. Lisa T. Su each notified Cisco Systems, Inc. ("Cisco") of their respective decision not to stand for re-election at Cisco's 2023 annual meeting of stockholders (the "2023 Annual Meeting").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Dr. Lisa T. Su departed as Director at CISCO SYSTEMS, INC..

Action: not stand for re-election
Role: Director

Exact text from the filing

On October 4, 2023, M. Michele Burns, Roderick C. McGeary, and Dr. Lisa T. Su each notified Cisco Systems, Inc. ("Cisco") of their respective decision not to stand for re-election at Cisco's 2023 annual meeting of stockholders (the "2023 Annual Meeting").

View on SEC.gov

CISCO SYSTEMS, INC. filing history →

Source: SEC EDGAR

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