8-K/ALeadership Changes

CISCO SYSTEMS, INC. 8-K/A Report, Executive Changes (Nov 19, 2007)

Filed November 19, 2007For Securities:CSCO

Summary

This filing is an amendment to previous 8-K reports from January and March 2007, primarily addressing updates regarding committee assignments for two newly appointed board members. On January 17, 2007, Brian L. Halla was appointed to the Board of Directors. Similarly, Michael K. Powell was appointed to the Board on March 23, 2007. The initial filings omitted committee assignments as they were not immediately determined. This amendment clarifies that as of November 15, 2007, Mr. Halla was appointed to the Compensation and Management Development Committee, and Mr. Powell was appointed to the Investment/Finance Committee. For investors, this amendment provides clarity on the governance structure and committee memberships of the Board of Directors. The appointments of Mr. Halla and Mr. Powell to specific board committees are now disclosed, offering insight into the committees overseeing key areas like executive compensation and financial strategy. While not a material operational or financial change, it completes the disclosure regarding these directors' roles within Cisco's governance framework.

Key Highlights

  • 1Amendment to prior 8-K filings concerning director appointments.
  • 2Brian L. Halla, initially appointed to the Board on January 17, 2007, was appointed to the Compensation and Management Development Committee on November 15, 2007.
  • 3Michael K. Powell, initially appointed to the Board on March 23, 2007, was appointed to the Investment/Finance Committee on November 15, 2007.
  • 4The amendment clarifies committee assignments that were not included in the original filings.
  • 5The filing updates the composition of two key Board committees.
  • 6No new material financial or operational information is presented; this is a disclosure amendment.

Frequently Asked Questions

This filing is an amendment to correct and supplement previous 8-K reports filed in January and March 2007. Its main purpose is to disclose the specific Board committee assignments for directors Brian L. Halla and Michael K. Powell, which were not included in the initial filings.

Both Brian L. Halla and Michael K. Powell were appointed to their respective Board committees on November 15, 2007.

Brian L. Halla was appointed as a member of the Compensation and Management Development Committee. Michael K. Powell was appointed as a member of the Investment/Finance Committee.

No, this amendment does not indicate any significant changes in Cisco's strategy or financial performance. It is purely a disclosure amendment to complete the information regarding the committee memberships of two directors appointed earlier in the year.