01—Abstract
Summary
Summary of the 8-K/A filed January 16, 2018. Cited figures are marked; the original filing is the authoritative source.
This Form 8-K/A filing by Ciena Corporation (CIEN) on January 16, 2018, is an amendment to a previous filing from March 27, 2017.
The primary purpose of this amendment is to confirm the company's decision regarding the frequency of the advisory vote on executive compensation. Following the results of Ciena's 2017 annual meeting of stockholders, where shareholders voted to approve holding the advisory vote on named executive officer compensation every year, the Board of Directors has formally adopted this recommendation. Therefore, Ciena will continue to hold an annual advisory vote on executive compensation.
02—Key points
Key Highlights
- Ciena Corporation (CIEN) filed an 8-K/A on January 16, 2018, amending a previous filing.
- The amendment relates to the frequency of the stockholder advisory vote on named executive officer compensation.
- At the 2017 annual meeting, Ciena stockholders voted to approve holding this advisory vote annually.
- Ciena's Board of Directors has accepted the recommendation based on the stockholder vote.
- The company will hold an annual advisory vote on named executive officer compensation.
- This confirms the company's commitment to annual say-on-pay votes as decided by shareholders.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K/A filing?
The main purpose of this 8-K/A filing is to formally confirm Ciena Corporation's decision to hold an annual advisory vote on the compensation of its named executive officers, based on the results of the 2017 annual stockholder meeting.
What was the outcome of the 2017 stockholder vote regarding executive compensation?
At the 2017 annual meeting of stockholders, Ciena's shareholders voted in favor of holding an advisory vote on named executive officer compensation every year.
Has the Board of Directors acted on the stockholder's vote?
Yes, the Board of Directors has considered the stockholder vote and, in accordance with their recommendation, has determined that Ciena will hold an annual advisory vote on named executive officer compensation.
Does this filing change Ciena's executive compensation policy?
This filing does not change the compensation policy itself but rather confirms the process for shareholder input on executive compensation, establishing that an advisory 'say-on-pay' vote will occur annually.
04—Continue