{"schema_version":"secwatch.filing_event.v1","accession":"0000858877-23-000025","form_type":"8-K","ticker":"CSCO","cik":"0000858877","company_name":"CISCO SYSTEMS, INC.","filed_at":"2023-10-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.172358+00:00","generated_at":"2026-06-10T03:06:31.220299+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Three Cisco directors not standing for re-election; PayPal's former CEO Daniel Schulman appointed to board","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000858877-23-000025","json":"https://secwatch.observer/filing/0000858877-23-000025.json","markdown":"https://secwatch.observer/filing/0000858877-23-000025.md","text":"https://secwatch.observer/filing/0000858877-23-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/858877/000085887723000025/0000858877-23-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/858877/000085887723000025/csco-20231004.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T03:06:31.220299+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"58ae6cdc4c","claim":"Daniel H. Schulman was appointed as Director at CISCO SYSTEMS, INC..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/858877/000085887723000025/0000858877-23-000025-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"64f58644b6","claim":"Roderick C. McGeary departed as Director at CISCO SYSTEMS, INC..","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/858877/000085887723000025/0000858877-23-000025-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"7a189b7eec","claim":"M. Michele Burns departed as Director at CISCO SYSTEMS, INC..","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/858877/000085887723000025/0000858877-23-000025-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"83f879383e","claim":"Dr. Lisa T. Su departed as Director at CISCO SYSTEMS, INC..","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/858877/000085887723000025/0000858877-23-000025-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}