Daniel H. Schulman resigns from Cisco board; Peter A. Shimer appointed

CISCO SYSTEMS, INC.

Schulman to resign effective May 21, 2026 due to increased focus as CEO of Verizon.
Shimer appointed effective April 6, 2026; deemed independent, joins Audit Committee.
Shimer receives pro-rata $105k annual cash retainer and pro-rata $270k equity award.
Standard non-employee director compensation applies; Shimer entered indemnity agreement.

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