UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Departure of Directors or Certain Officers.
On December 11, 2020, Irving Tan, Executive Vice President and Chief of Operations of Cisco Systems, Inc. (“Cisco”) notified Cisco of his decision to return to Singapore and will therefore step down from his current position effective December 14, 2020. Thereafter, Mr. Tan is expected to serve the Company to help with special projects in Asia Pacific, Japan, and China.
On December 14, 2020, in connection with Mr. Tan stepping down from his role, Maria Martinez, Cisco’s Executive Vice President and Chief Customer Experience Officer, is taking on an expanded role to lead certain operations functions in addition to customer experience as one, united team, including supply chain, IT, security and trust, data and analytics, customer and partner services, and strategy and business acceleration.
| Item 8.01. | Other Events. |
On December 15, 2020, Prat Bhatt, Senior Vice President, Corporate Controller and Chief Accounting Officer of Cisco, adopted a pre-arranged stock trading plan to sell shares of Cisco stock. The plan is scheduled to terminate in December 2021.
On December 15, 2020, Mark Chandler, Executive Vice President and Chief Legal Officer of Cisco, and a related trust adopted pre-arranged stock trading plans to sell shares of Cisco stock. The plans are scheduled to terminate in December 2021.
The transactions under the plans will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission. The plans were adopted in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and Cisco’s policies regarding stock transactions.
Rule 10b5-1 permits individuals who are not in possession of material, non-public information at the time the plan is adopted to establish pre-arranged plans to buy or sell company stock. Using these plans, individuals can prudently and gradually diversify their investment portfolios over an extended period of time.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CISCO SYSTEMS, INC. | ||||||
| Dated: December 17, 2020 |
By: | /s/ Evan Sloves | ||||
| Name: | Evan Sloves | |||||
| Title: | Secretary | |||||