8-KLeadership Changes

CISCO SYSTEMS, INC. 8-K Report, Executive Changes (Sep 15, 2006)

Filed September 15, 2006For Securities:CSCO

Summary

Cisco Systems, Inc. (CSCO) filed an 8-K on September 15, 2006, to announce a significant change in its Board of Directors. James C. Morgan, a long-standing member, has decided to retire from the Board and will not seek re-election at the upcoming 2006 Annual Meeting of Shareholders. Mr. Morgan will continue his directorial duties until the meeting scheduled for November 15, 2006. This announcement is primarily focused on corporate governance and leadership transitions. Investors should note that while Mr. Morgan's departure marks the end of an era, his continued service until the annual meeting provides a period for a smooth handover. The company has not provided specific reasons for his retirement, but it is a standard procedural event for public companies as directors reach the end of their tenures or decide to step down.

Key Highlights

  • 1James C. Morgan to retire from Cisco's Board of Directors.
  • 2Mr. Morgan will not stand for re-election at the 2006 Annual Meeting of Shareholders.
  • 3Morgan will continue to serve as a director until the Annual Meeting on November 15, 2006.
  • 4The departure is effective after the 2006 Annual Meeting of Shareholders.
  • 5The filing is a standard disclosure under Item 5.02 of Form 8-K.
  • 6Mark Chandler, Senior Vice President, Legal Services, General Counsel and Secretary, signed the filing.

Frequently Asked Questions

James C. Morgan is a member of Cisco Systems, Inc.'s Board of Directors. He has decided to retire from the Board and will not seek re-election at the upcoming 2006 Annual Meeting of Shareholders.

Mr. Morgan will continue to serve as a director until Cisco's 2006 Annual Meeting of Shareholders, which is scheduled to be held on November 15, 2006. His retirement from the Board will be effective after this meeting.

No, this 8-K filing is specifically related to a change in the Board of Directors (departure of a director). It does not contain any financial results, performance updates, or forward-looking statements regarding the company's business operations or financial condition.

This information is reported on Form 8-K under Item 5.02, which covers the departure of directors or principal officers, election of directors, and appointment of principal officers. It is a required disclosure for material changes in a public company's leadership.