01—Abstract
Summary
Summary of the 8-K filed July 8, 2010. Cited figures are marked; the original filing is the authoritative source.
Ciena Corporation (CIEN) filed an 8-K on July 8, 2010, reporting the resignation of Arthur D.
Smith, Ph.D., as Senior Vice President and Chief Integration Officer, effective July 31, 2010. Dr. Smith's departure is noted, and it's stated he will receive previously disclosed compensation benefits subject to certain conditions. The filing indicates that further details regarding Dr. Smith's resignation are available in a press release furnished as Exhibit 99.1 to this report.
This event falls under Item 5.02 of Form 8-K, which covers the departure of directors or certain officers, election of directors, and appointments of officers. Investors should note this change in a key executive position and refer to the referenced exhibit for more comprehensive information.
02—Key points
Key Highlights
- Arthur D. Smith, Ph.D., Senior Vice President and Chief Integration Officer, has resigned from Ciena Corporation.
- Dr. Smith's resignation is effective July 31, 2010.
- Following his resignation, Dr. Smith is entitled to certain compensation benefits, subject to previously disclosed conditions.
- The resignation is disclosed under Item 5.02 of Form 8-K, relating to departures of officers.
- Additional information regarding the resignation is provided in a press release, Exhibit 99.1.
03—Questions
Frequently Asked Questions
Who is resigning from Ciena Corporation?
Arthur D. Smith, Ph.D., Senior Vice President and Chief Integration Officer, is resigning from Ciena Corporation.
When is Dr. Smith's resignation effective?
Dr. Smith's resignation is effective as of July 31, 2010.
What are the implications of Dr. Smith's resignation for the company?
The filing does not detail the specific operational impact, but the departure of a Senior Vice President and Chief Integration Officer signifies a change in executive leadership. Further context may be available in the furnished press release (Exhibit 99.1).
Will Dr. Smith receive any compensation upon his departure?
Yes, Dr. Smith will be entitled to certain compensation benefits, subject to conditions previously disclosed in Ciena's Form 8-K filed on February 5, 2010.
04—Continue