Cisco EVP Jeff Sharritts departs; separation agreement provides $2.6M, accelerated equity vesting

CISCO SYSTEMS, INC.

Jeff Sharritts terminated as executive advisor effective July 15, 2024; separation agreement signed.
Lump sum cash payment of $2,585,710.91: 18 months base salary, target bonus, 17 months COBRA.
Accelerated vesting of time-based RSUs through Dec 10, 2025; certain PRSUs eligible for retirement vesting.

item 5.02 item 9.01

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Departed

Jeff Sharritts

Executive Vice President and Chief Customer and Partner Officer

CSCO · CISCO SYSTEMS, INC.

Effective: 2024-07-15
Filed: July 19, 2024, 7:59 PM ET

On July 15, 2024, Jeff Sharritts, former Executive Vice President and Chief Customer and Partner Officer of Cisco Systems, Inc. (“Cisco”), entered into a Separation Agreement and General Release (the “Separation Agreement”) in connection with his termination of employment as an executive advisor effective July 15, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jeff Sharritts was terminated as Executive Vice President and Chief Customer and Partner Officer at CISCO SYSTEMS, INC..

Action: terminated
Role: Executive Vice President and Chief Customer and Partner Officer

Exact text from the filing

On July 15, 2024, Jeff Sharritts, former Executive Vice President and Chief Customer and Partner Officer of Cisco Systems, Inc. (“Cisco”), entered into a Separation Agreement and General Release (the “Separation Agreement”) in connection with his termination of employment as an executive advisor effective July 15, 2024.

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Source: SEC EDGAR

accession 0000858877-24-000012

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