secwatch.observer — SEC 8-K summary
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Issuer:     CISCO SYSTEMS, INC. (CSCO)
CIK:        0000858877
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0000858877-25-000014
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Cisco appoints OpenAI CPO Kevin Weil to board of directors
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- Kevin Weil, Chief Product Officer of OpenAI, appointed to Cisco's board effective May 12, 2025.
- Weil determined independent under Nasdaq standards; committee assignments not yet determined.
- Receives pro rata $105,000 annual cash retainer and pro rata $245,000 initial equity award.
- Standard indemnity agreement entered into with Cisco.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858877/000085887725000014/0000858877-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858877/000085887725000014/csco-20250512.htm
  HTML page:      https://secwatch.observer/filing/0000858877-25-000014

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