01—Abstract
Summary
Summary of the 8-K filed December 11, 2008. Cited figures are marked; the original filing is the authoritative source.
Ciena Corporation (CIEN) filed an 8-K on December 11, 2008, primarily to furnish a press release detailing its financial results for the fourth fiscal quarter and full fiscal year ended October 31, 2008.
While the specific financial figures are not detailed within the 8-K itself, this filing serves as the official notification to investors about the company's recent performance. Additionally, the report disclosed the upcoming retirement of a Board of Directors member, Gerald H.
Taylor, who will not seek re-election at the 2009 Annual Meeting. This decision will result in a reduction of the Board's size from nine to eight members, affecting the number of directors up for election in Class III.
02—Key points
Key Highlights
- Ciena Corporation (CIEN) released its Q4 and full fiscal year 2008 financial results on December 11, 2008, via an 8-K filing.
- The 8-K formally furnishes a press release containing the company's financial results for the period ending October 31, 2008.
- Director Gerald H. Taylor announced he will not stand for re-election at the 2009 Annual Meeting of Shareholders.
- Mr. Taylor's retirement is not due to any disagreement with Ciena.
- The Board of Directors will be reduced in size from nine to eight members, effective prior to the 2009 Annual Meeting.
- This reduction specifically decreases the number of Class III directors up for election from three to two.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to provide investors with official notification of Ciena Corporation's financial results for its fourth fiscal quarter and fiscal year ended October 31, 2008, by furnishing the accompanying press release.
Are the specific financial results included in the 8-K text?
No, the specific financial results are not detailed within the body of the 8-K itself. The filing states that the press release containing these results is furnished as Exhibit 99.1.
What changes are happening with Ciena's Board of Directors?
Director Gerald H. Taylor has decided not to seek re-election at the 2009 Annual Meeting and will retire from the Board upon completion of his current term. This will lead to a reduction in the Board's total size from nine to eight members.
Will the number of directors up for election change?
Yes, the reduction in the Board's size will impact the number of directors in Class III, which are up for election at the 2009 Annual Meeting. This class will now have two directors standing for election, down from three.
04—Continue