Short answer
Cisco (CSCO) filed an 8-K current report with the SEC on April 6, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Director Daniel H. Schulman resigns effective May 21, 2026, citing increased demands as Verizon CEO.
Cisco 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Director Daniel H. Schulman resigns effective May 21, 2026, citing increased demands as Verizon CEO
- Peter A. Shimer joins Cisco’s Board effective April 6, 2026, preserving board continuity
- Shimer classified independent under Nasdaq standards, supporting governance independence
- Audit Committee appointment adds oversight responsibilities and associated compensation
- New director compensation includes $105,000 annual retainer, pro rata $270,000 equity award, and up to $25,000 charitable match annually
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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