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CIENA CORP 8-K Report, Shareholder Vote Results (Mar 30, 2015)

Reports
Shareholder Matters
Filing Date
Filed March 30, 2015
Period End
March 26, 2015
Security
CIEN
In the record · 2016–202610-K1010-Q338-K105

CIEN filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 105 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Apr ’16Apr ’16
  2. FY2018 annual report10-K · Dec ’18Dec ’18
  3. Leadership change8-K · Apr ’21Apr ’21
  4. Leadership change8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 8-K filed March 30, 2015. Cited figures are marked; the original filing is the authoritative source.

This Form 8-K from Ciena Corporation, filed on March 30, 2015, reports the results of their annual meeting of stockholders held on March 26, 2015.

The primary focus is on the voting outcomes for key proposals, providing investors with transparency into shareholder decisions regarding board composition, auditor ratification, and executive compensation. The filing indicates strong support for Ciena's proposed slate of directors and the company's chosen auditor. Specifically, all three nominated Class III directors were elected by a significant majority of the votes cast.

Additionally, shareholders overwhelmingly ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending October 31, 2014. The advisory "say on pay" vote on executive compensation also received majority approval from stockholders. These results suggest shareholder confidence in the current leadership, financial oversight, and compensation practices of Ciena at that time.

02—Key points

Key Highlights

  1. Ciena Corporation held its annual meeting of stockholders on March 26, 2015.
  2. All three nominated Class III directors (Bruce L. Claflin, Patrick T. Gallagher, T. Michael Nevens) were elected with substantial majority support.
  3. PricewaterhouseCoopers LLP was ratified as Ciena's independent registered public accounting firm for fiscal year 2014 by a large majority of votes.
  4. The advisory "say on pay" vote on executive compensation received majority approval from stockholders.
  5. As of the January 29, 2015 record date, there were 108,246,661 shares of common stock outstanding.
  6. A significant portion of outstanding shares (over 19 million) were not voted on director elections and executive compensation, a common occurrence due to proxy card delivery or broker non-votes.

03—Questions

Frequently Asked Questions

  1. What were the key outcomes of Ciena's 2015 annual meeting of stockholders?

    The key outcomes were the election of three Class III directors, the ratification of PricewaterhouseCoopers LLP as the independent auditor, and the approval of the executive compensation advisory vote. All these proposals received majority support from the voting stockholders.

  2. Were the director nominees approved by shareholders?

    Yes, all three director nominees – Bruce L. Claflin, Patrick T. Gallagher, and T. Michael Nevens – were elected by a significant majority of the votes cast. They were elected to serve three-year terms.

  3. What is the significance of the "say on pay" vote?

    The "say on pay" vote is an advisory, non-binding resolution that allows shareholders to express their opinion on the company's executive compensation practices. Ciena's shareholders approved the executive compensation described in the proxy materials with a majority of the votes cast.

  4. Who is Ciena's independent auditor, and was their appointment ratified?

    Ciena's independent auditor was PricewaterhouseCoopers LLP. Their appointment for the fiscal year ending October 31, 2014, was ratified by the stockholders with overwhelming support.

04—Continue

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