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CIENA CORP 8-K Report, Executive Changes (Jun 18, 2025)

Reports
Leadership Changes·Regulation FD·Exhibits & Filings
Filing Date
Filed June 18, 2025
Period End
June 18, 2025
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. Leadership change8-K · Aug ’17Aug ’17
  2. Leadership change8-K · Aug ’19Aug ’19
  3. Material agreement8-K · Jan ’22Jan ’22
  4. Material agreement8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed June 18, 2025. Cited figures are marked; the original filing is the authoritative source.

Ciena Corporation (CIEN) has announced a significant leadership transition in its finance department through an 8-K filing on June 18, 2025.

Marc D. Graff has been appointed as the new Senior Vice President and Chief Financial Officer, effective August 1, 2025. Mr. Graff brings extensive financial leadership experience, most recently serving as CFO and COO for Intel's Data Center and Artificial Intelligence Group and prior experience at Altera Corporation.

This appointment follows the previously announced retirement of James E. Moylan, Jr., who has served as CFO for over 16 years. Mr. Graff's compensation package includes a base salary of $650,000,a with a target annual bonus of 100% of base salary.

He will also receive a one-time sign-on bonus of $1,950,000b and a significant replacement equity grant valued at approximately $10.49 million to compensate for forfeited incentives from his previous employer. The filing also outlines his eligibility for future equity awards, severance plans, and relocation benefits, underscoring the company's investment in securing experienced financial leadership.

02—Key points

Key Highlights

  1. Marc D. Graff appointed as Senior Vice President and Chief Financial Officer, effective August 1, 2025.
  2. Mr. Graff's appointment follows the planned retirement of current CFO James E. Moylan, Jr.
  3. Graff's compensation includes a $650,000 base salary and a target 100% annual bonus.
  4. Significant one-time sign-on bonus of $1,950,000 awarded to Mr. Graff.
  5. A replacement equity grant valued at approximately $10.49 million is provided to Mr. Graff.
  6. Mr. Graff has extensive financial executive experience, including roles at Intel Corporation and Altera Corporation.
  7. Graff will be designated as the Company's principal financial officer and principal accounting officer.

03—Questions

Frequently Asked Questions

  1. Who is the new Chief Financial Officer at Ciena Corporation?

    Marc D. Graff has been appointed as the new Senior Vice President and Chief Financial Officer of Ciena Corporation, effective August 1, 2025.

  2. Why is Ciena Corporation making this change in CFO?

    This appointment is in conjunction with the planned retirement of the current CFO, James E. Moylan, Jr., who announced his decision to retire effective August 28, 2025, after more than 16 years with the company.

  3. What is the compensation package for the new CFO, Marc D. Graff?

    Mr. Graff will receive an annual base salary of $650,000, with eligibility for a target annual bonus of 100% of his base salary. He is also receiving a one-time sign-on cash bonus of $1,950,000 and a replacement equity grant of RSUs valued at approximately $10.49 million.

  4. What is the purpose of the large sign-on bonus and equity grant?

    The sign-on bonus and replacement equity grant are intended to partially compensate Mr. Graff for near-term cash and equity incentives he forfeited upon leaving his previous employer.

04—Continue

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