Cisco Systems, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cisco Systems, Inc. on June 9, 2025, covering events occurring on June 5, 2025. The filing addresses Item 5.02 regarding the compensatory arrangements for a newly appointed officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on executive compensation and does not contain financial performance data.
Material Changes
The primary material change disclosed is the approval of an equity award for Mark Patterson following his appointment as Executive Vice President and Chief Financial Officer. This appointment was previously disclosed on May 14, 2025.
Management Commentary and Unusual Items
The Compensation and Management Development Committee approved the grant of 47,832 restricted stock units (RSUs) to Mr. Patterson. The vesting schedule is structured as follows:
- Total Grant: 47,832 RSUs
- Vesting Period: 3 years
- Cliff Vesting: 34% after one year
- Subsequent Vesting: 8.25% quarterly thereafter
- Governing Plan: Cisco Systems, Inc. 2005 Stock Incentive Plan
Investor Verification Checklist
- Verify the total number of RSUs granted (47,832) and the specific vesting schedule terms.
- Confirm the effective date of Mark Patterson's appointment as CFO (May 14, 2025).
- Review the terms of the Cisco Systems, Inc. 2005 Stock Incentive Plan for additional conditions.
- Note that this filing contains no financial performance metrics or forward-looking guidance.