secwatch.observer — SEC 8-K summary
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Issuer:     CISCO SYSTEMS, INC. (CSCO)
CIK:        0000858877
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0000858877-26-000048
Event type: leadership
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/858877/000085887726000048/0000858877-26-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/858877/000085887726000048/csco-20260331.htm
  HTML page:      https://secwatch.observer/filing/0000858877-26-000048

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