secwatch.observer — SEC 8-K summary
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Issuer:     CISCO SYSTEMS, INC. (CSCO)
CIK:        0000858877
Form:       8-K
Filed at:   2024-07-19T23:59:59+00:00
Accession:  0000858877-24-000012
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858877/000085887724000012/0000858877-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858877/000085887724000012/csco-20240715.htm
  HTML page:      https://secwatch.observer/filing/0000858877-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer