CISCO SYSTEMS, INC. — fact timeline

CISCO SYSTEMS, INC. announced a restructuring with charges of up to $1 billion.

“Cisco currently estimates that it will recognize pre-tax charges to its GAAP financial results of up to $1 billion consisting of severance and other one-time termination benefits, and other costs.”

Nichlas A. Fink was appointed as Senior Vice President and Chief Accounting Officer at CISCO SYSTEMS, INC..

“On April 27 , 2026, the Board of Directors of Cisco appointed Nichlas A. Fink to succeed Ms. Wong as Senior Vice President and Chief Accounting Officer of Cisco effective May 20, 2026.”

M. Victoria Wong departed as Senior Vice President and Chief Accounting Officer at CISCO SYSTEMS, INC..

“On April 27, 2026, M. Victoria Wong notified Cisco Systems, Inc. ("Cisco") of her decision to retire as Senior Vice President and Chief Accounting Officer of Cisco effective May 19, 2026.”

CISCO SYSTEMS, INC.: Board amended Bylaws to implement a cure process for deficiencies in director nomination notices and incorporate ministerial clarifications (effective 2025-08-21).

“On August 21, 2025, the Board of Directors of Cisco Systems, Inc. (“Cisco”) amended Cisco’s Amended and Restated Bylaws (as amended, the “Amended and Restated Bylaws”), which became immediately effective.”

Jeetu Patel was appointed as President and Chief Product Officer at CISCO SYSTEMS, INC..

“On May 10, 2025, Cisco also appointed Jeetu Patel as President and Chief Product Officer effective May 14, 2025.”

Mark Patterson was appointed as Executive Vice President and Chief Financial Officer at CISCO SYSTEMS, INC..

“On May 10, 2025, Cisco appointed Mark Patterson to succeed Mr. Herren as Executive Vice President and Chief Financial Officer of Cisco effective July 27, 2025.”

Scott Herren retired as Executive Vice President and Chief Financial Officer at CISCO SYSTEMS, INC..

“Scott Herren notified Cisco Systems, Inc. (“Cisco”) of his decision to retire as Executive Vice President and Chief Financial Officer of Cisco effective July 26, 2025.”

Kevin Weil was appointed as Director at CISCO SYSTEMS, INC..

“On May 12, 2025, the Board of Directors of Cisco Systems, Inc. ("Cisco") appointed Kevin Weil, Chief Product Officer of OpenAI, as a member of the Board effective May 12, 2025.”

Gary Steele resigned as President, Go-to-Market at CISCO SYSTEMS, INC..

“On February 27, 2025, Cisco and Gary Steele, President, Go-to-Market of Cisco, agreed to change the effective date of his previously announced resignation from Cisco to May 12, 2025.”

Gary Steele resigned as President, Go-to-Market at CISCO SYSTEMS, INC..

“On February 10, 2025, Gary Steele, President, Go-to-Market of Cisco Systems, Inc. (“Cisco”), notified Cisco of his decision to resign from Cisco, effective April 25, 2025, for an external CEO opportunity.”

Ekta Singh-Bushell departed as Director at CISCO SYSTEMS, INC..

“On October 7, 2024, Ekta Singh-Bushell notified Cisco Systems, Inc. (“Cisco”) of her decision not to stand for re-election at Cisco’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”).”

Jeff Sharritts was terminated as Executive Vice President and Chief Customer and Partner Officer at CISCO SYSTEMS, INC..

“On July 15, 2024, Jeff Sharritts, former Executive Vice President and Chief Customer and Partner Officer of Cisco Systems, Inc. (“Cisco”), entered into a Separation Agreement and General Release (the “Separation Agreement”) in connection with his termination of employment as an executive advisor effective July 15, 2024.”

Ekta Singh-Bushell was appointed as member of the Board at CISCO SYSTEMS, INC..

“On June 12, 2024, the Board of Directors (the “Board”) of Cisco Systems, Inc. ("Cisco") appointed Ekta Singh-Bushell, former Deputy to the First Vice President, Chief Operating Officer, Executive Office at the Federal Reserve Bank of New York, as a member of the Board effective June 14, 2024.”

CISCO SYSTEMS, INC. reported its fiscal third quarter 2024 ended April 27, 2024 results: revenue $12.7 billion, net income $1.9 billion, EPS $0.46.

“Cisco reported third quarter revenue of $12.7 billion, net income on a generally accepted accounting principles (GAAP) basis of $1.9 billion or $0.46 per share, and non-GAAP net income of $3.6 billion or $0.88 per share.”

Jeff Sharritts departed as Executive Vice President and Chief Customer and Partner Officer at CISCO SYSTEMS, INC..

“Jeff Sharritts, Cisco’s Executive Vice President and Chief Customer and Partner Officer, was informed that he would no longer remain in his role as Cisco’s Executive Vice President and Chief Customer and Partner Officer, effective May 15, 2024.”

Gary Steele was appointed as President, Go-to-Market at CISCO SYSTEMS, INC..

“Effective May 15, 2024, as part of organizational changes with respect to Cisco’s executive leadership team, Cisco appointed Gary Steele as President, Go-to-Market.”

CISCO SYSTEMS, INC. completed an acquisition involving Splunk Inc. for $157.00 in cash, subject to applicable withholding taxes (closed 2024-03-18).

“properly exercised appraisal rights in accordance with Section 262 of the General Corporation Law of the State of Delaware) automatically converted into the right to receive $157.00 in cash, subject to applicable withholding taxes (the “ Merger Consideration ”). The aggregate equity value of the Splunk Common Stock acquired by the Company was approximately”