01—Abstract
Summary
Summary of the 8-K filed December 10, 2009. Cited figures are marked; the original filing is the authoritative source.
Ciena Corporation (CIEN) filed an 8-K on December 10, 2009, primarily to report its financial results for the fourth fiscal quarter and full fiscal year ended October 31, 2009.
While the detailed financial results are in the furnished press release (Exhibit 99.1), the filing highlights a significant organizational change. Additionally, the report announces the appointment of Arthur D. Smith as Senior Vice President and Chief Integration Officer, effective December 8, 2009.
This appointment is directly linked to Ciena's ongoing integration efforts following its acquisition of substantially all of the optical networking and carrier Ethernet assets from Nortel's Metro Ethernet Networks (MEN) business. The company also noted that it no longer has a principal operating officer.
02—Key points
Key Highlights
- Ciena Corporation reported its Q4 and full fiscal year 2009 financial results on December 10, 2009.
- The press release detailing these financial results is furnished as Exhibit 99.1.
- Arthur D. Smith was appointed Senior Vice President and Chief Integration Officer, effective December 8, 2009.
- This new role for Mr. Smith is a direct result of the integration efforts following the acquisition of Nortel's Metro Ethernet Networks (MEN) business assets.
- Ciena no longer has a Chief Operating Officer position.
- The filing is primarily informational, furnishing the financial results press release and announcing an executive appointment and organizational change.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to announce Ciena Corporation's financial results for its fourth fiscal quarter and fiscal year ended October 31, 2009, via a furnished press release, and to report a key executive appointment and organizational change.
What significant personnel change did Ciena announce?
Ciena announced the appointment of Arthur D. Smith as Senior Vice President and Chief Integration Officer, effective December 8, 2009. This role is specifically created to manage the integration of assets acquired from Nortel's Metro Ethernet Networks (MEN) business.
What impact does the Nortel acquisition have on Ciena's executive structure?
The integration of Nortel's MEN business assets has led to the creation of the Chief Integration Officer role and, consequently, Ciena no longer has a Chief Operating Officer.
Where can I find Ciena's financial results for the period?
Ciena's financial results for the fourth fiscal quarter and fiscal year ended October 31, 2009, are detailed in the press release furnished as Exhibit 99.1 to this 8-K filing.
04—Continue