8-KOther Events

CIENA CORP 8-K Report (Apr 20, 2004)

Filed April 20, 2004For Securities:CIEN

Summary

Ciena Corporation (CIEN) filed an 8-K on April 20, 2004, to announce the planned closure of its San Jose, California facility by September 30, 2004. This facility closure is a strategic operational decision, the details of which are primarily outlined in an attached press release. Investors should note that this filing focuses on an operational event rather than immediate financial results or material changes in financial performance. While the 8-K itself is brief, the accompanying press release (Exhibit 99.1) likely contains more context regarding the reasons for the closure, potential impact on employees and operations, and any associated restructuring costs or charges. Investors should review this press release for a comprehensive understanding of the implications of this facility consolidation.

Key Highlights

  • 1Ciena Corporation announced the closure of its San Jose, California facility.
  • 2The facility closure is scheduled to be completed by September 30, 2004.
  • 3The announcement was made via a press release filed with the SEC on April 20, 2004.
  • 4This event is categorized under 'Other Events and Regulation FD Disclosure' in the 8-K filing.
  • 5The press release is provided as Exhibit 99.1 to the 8-K.
  • 6The filing does not disclose immediate financial results but an operational update.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially announce Ciena Corporation's decision to close its San Jose, California facility by September 30, 2004, in compliance with Regulation FD disclosure requirements.

This specific 8-K filing primarily serves as an operational update and does not disclose immediate financial results or performance metrics. The financial impact, if any, would be detailed in the accompanying press release (Exhibit 99.1).

More comprehensive details regarding the reasons behind the closure, potential costs, and impact on operations and employees can be found in the press release dated April 20, 2004, which is furnished as Exhibit 99.1 to this 8-K filing.

The filing was signed by Joseph R. Chinnici, Senior Vice President and Chief Financial Officer of Ciena Corporation.