8-K/AShareholder Matters

CIENA CORP 8-K/A Report, Shareholder Vote Results (Jan 16, 2018)

Filed January 16, 2018For Securities:CIEN

Summary

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.

Key Highlights

  • 1Ciena Corporation (CIEN) filed an 8-K/A on January 16, 2018, amending a previous filing.
  • 2The amendment relates to the frequency of the stockholder advisory vote on named executive officer compensation.
  • 3At the 2017 annual meeting, Ciena stockholders voted to approve holding this advisory vote annually.
  • 4Ciena's Board of Directors has accepted the recommendation based on the stockholder vote.
  • 5The company will hold an annual advisory vote on named executive officer compensation.
  • 6This confirms the company's commitment to annual say-on-pay votes as decided by shareholders.

Frequently Asked Questions

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.

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.

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.

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.