Item 5. Other Information

2K characters. Original on sec.gov · Markdown

Item 5. Other Information

Rule 10b5-1 Trading Arrangements

On December 5, 2023, Deborah L. Stahlkopf, Cisco’s Executive Vice President and Chief Legal Officer, adopted a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. Ms. Stahlkopf’s trading plan provides for the sale of 174,717 gross shares (with any shares underlying performance-based equity awards being calculated at target), plus any related dividend-equivalent shares earned with respect to such shares and excluding, as applicable, any shares withheld to satisfy tax withholding obligations in connection with the net settlement of the equity awards. Ms. Stahlkopf’s trading plan is scheduled to terminate on December 20, 2024, subject to early termination for certain specified events set forth therein.

The information below is reported in lieu of information that would be reported under Item 5.02 under Form 8-K.

Departure of Directors or Certain Officers.

On February 16, 2024, as part of organizational changes with respect to Cisco’s executive leadership team, Cisco informed Maria Martinez, Cisco’s Executive Vice President and Chief Operating Officer (“COO”), that the COO position currently held by Ms. Martinez has been eliminated. Accordingly, Ms. Martinez will remain employed with Cisco until May 15, 2024. This change is due to aligning the Operations and Customer Experience organizations directly to the Chief Executive Officer and eliminating the COO role.

Previous: Item 1A. Risk Factors · Next: Item 6. Exhibits