8-KMaterial AgreementsExhibits & Filings

CIENA CORP 8-K Report, Material Agreement (Sep 2, 2005)

Filed September 2, 2005For Securities:CIEN

Summary

Ciena Corporation (CIEN) filed a Form 8-K on September 2, 2005, primarily to disclose revisions to the compensation structure for its non-employee directors. The changes, approved by the Board of Directors on August 31, 2005, detail adjustments to the fees paid for service on the Board and its committees. This filing is important for investors to understand how the company compensates its independent directors, which can be an indicator of corporate governance practices and director engagement. While this 8-K does not involve material operational or financial updates, it signifies a routine governance action. Investors seeking to understand the company's executive and director compensation policies should review the details of these fee revisions, which are attached as Exhibit 10.1 to the filing. The company's commitment to transparently reporting such changes is a standard practice for publicly traded entities.

Key Highlights

  • 1Ciena Corporation filed an 8-K on September 2, 2005.
  • 2The filing's main purpose is to report revisions to non-employee director compensation.
  • 3The Board of Directors approved these revisions on August 31, 2005.
  • 4The changes pertain to fees for service on the Board of Directors and its committees.
  • 5A summary of the director fees and revisions is provided as Exhibit 10.1.
  • 6This filing relates to corporate governance and director compensation policies.

Frequently Asked Questions

The primary reason for this 8-K filing is to disclose revisions to the compensation fees paid to Ciena Corporation's non-employee directors for their service on the Board and its committees.

These revisions to director compensation were approved by Ciena's Board of Directors on August 31, 2005.

The details of the revised fees payable as compensation to non-employee directors are available in Exhibit 10.1, which is filed as part of this 8-K report.

No, this specific 8-K filing is focused solely on corporate governance, specifically changes to non-employee director compensation. It does not report on material operational or financial performance updates.