8-K
filed December 8, 2023, 6:59 PM ET
ticker CSCO
CIK 0000858877
other material
confidence high
sentiment neutral
materiality 0.60
Cisco shareholders approve 80.6M share increase for stock plan; say-on-pay passes with 25% against
CISCO SYSTEMS, INC.
- Stockholders approved amendment to 2005 Stock Incentive Plan, increasing authorized shares by 80.575 million.
- Advisory vote on executive compensation: 2,123,293,848 for, 709,240,188 against (approx. 25% opposed).
- Non-binding frequency vote set at every 1 year (2,799,940,790 for 1 year).
- Stockholder proposal for tax transparency report defeated: 680,344,069 for, 2,023,446,198 against.
- All nine director nominees elected with at least 2.6 billion votes each.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CISCO SYSTEMS, INC. shareholders approved Election of nine members of Cisco's Board.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
Proposal 1: To elect nine members of Cisco’s Board: Nominee For Against Abstained Broker Non-Votes Wesley G. Bush 2,767,447,290 74,809,137 10,411,420 452,387,082 Michael D. Capellas 2,599,433,811 242,756,373 10,477,663 452,387,082 Mark Garrett 2,730,381,457 111,796,139 10,490,251 452,387,082 John D. Harris II 2,758,475,281 83,607,252 10,585,314 452,387,082 Dr. Kristina M. Johnson 2,685,395,636 157,182,348 10,089,863 452,387,082 Sarah Rae Murphy 2,821,114,401 21,379,886 10,173,560 452,387,082 Charles H. Robbins 2,604,156,158 226,179,566 22,332,123 452,387,082 Daniel H. Schulman 2,825,102,141 17,093,487 10,472,219 452,387,082 Marianna Tessel 2,829,782,522 12,804,280 10,081,045 452,387,082
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CISCO SYSTEMS, INC. shareholders approved Ratify the appointment of PricewaterhouseCoopers LLP as Cisco's independent registered public accounting firm for the fiscal year ending July 27, 2024 at the 2024-07-27 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-07-27
Exact text from the filing
Proposal 5: To ratify the appointment of PricewaterhouseCoopers LLP as Cisco’s independent registered public accounting firm for the fiscal year ending July 27, 2024: For Against Abstained Broker Non-Votes 3,101,299,574 194,104,732 9,650,623 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CISCO SYSTEMS, INC. shareholders approved Determine, on a non-binding advisory basis, the frequency of holding future votes regarding executive compensation.
- Proposal
- say on pay frequency
- Outcome
- passed
Exact text from the filing
Proposal 4: To determine, on a non-binding advisory basis, the frequency of holding future votes regarding executive compensation: 1 Year 2 Years 3 Years Abstained Broker Non-Votes 2,799,940,790 4,917,383 36,413,747 11,395,927 452,387,082
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CISCO SYSTEMS, INC. shareholders approved Approve, on an advisory basis, executive compensation.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
Proposal 3: To approve, on an advisory basis, executive compensation: For Against Abstained Broker Non-Votes 2,123,293,848 709,240,188 20,133,811 452,387,082
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CISCO SYSTEMS, INC. shareholders approved Approve the amendment and restatement of the Cisco 2005 Stock Incentive Plan.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
Proposal 2: To approve the amendment and restatement of the Cisco 2005 Stock Incentive Plan: For Against Abstained Broker Non-Votes 2,678,976,678 155,326,172 18,364,997 452,387,082
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
CISCO SYSTEMS, INC. shareholders rejected Stockholder proposal to have Cisco's Board issue a tax transparency report in consideration of the Global Reporting Initiative's Tax Standard.
- Outcome
- failed
Exact text from the filing
Proposal 6: A stockholder proposal to have Cisco’s Board issue a tax transparency report in consideration of the Global Reporting Initiative’s Tax Standard: For Against Abstained Broker Non-Votes 680,344,069 2,023,446,198 148,877,580 452,387,082
View on SEC.gov
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