8-KEarnings & ResultsLeadership ChangesExhibits & Filings

CIENA CORP 8-K Report, Financial Results (Dec 11, 2008)

Filed December 11, 2008For Securities:CIEN

Summary

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.

Key Highlights

  • 1Ciena Corporation (CIEN) released its Q4 and full fiscal year 2008 financial results on December 11, 2008, via an 8-K filing.
  • 2The 8-K formally furnishes a press release containing the company's financial results for the period ending October 31, 2008.
  • 3Director Gerald H. Taylor announced he will not stand for re-election at the 2009 Annual Meeting of Shareholders.
  • 4Mr. Taylor's retirement is not due to any disagreement with Ciena.
  • 5The Board of Directors will be reduced in size from nine to eight members, effective prior to the 2009 Annual Meeting.
  • 6This reduction specifically decreases the number of Class III directors up for election from three to two.

Frequently Asked Questions

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.

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.

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.

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.