---
schema_version: "secwatch.filing_event.v1"
accession: "0000858877-24-000012"
form_type: "8-K"
ticker: "CSCO"
cik: "0000858877"
company_name: "CISCO SYSTEMS, INC."
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:24:39.422228+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000858877-24-000012
- form_type: 8-K
- ticker: CSCO
- cik: 0000858877
- company_name: CISCO SYSTEMS, INC.
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/858877/000085887724000012/0000858877-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858877/000085887724000012/csco-20240715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000858877-24-000012
- JSON: https://secwatch.observer/filing/0000858877-24-000012.json
- Plain text: https://secwatch.observer/filing/0000858877-24-000012.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/858877/000085887724000012/0000858877-24-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.