Change in its leaders or board (Item 5.02)
New leaders or board members can bring a change in strategy.
In the company's wordsAppointment of Director On October 7, 2026, the Board of Directors (“Board”) of Cisco Systems, Inc. (“Cisco”) appointed Girish D. Rishi, CEO of Cognite Holding B.V., as a member of the Board effective October 9, 2026. In connection with his appointment, the Board determined that Mr. Rishi is “independent” under the applicable listing standards of The Nasdaq Stock Market LLC. It has not yet been determined on which Board committees, if any, Mr. Rishi will serve. In connection with his service as a director, Mr. Rishi will receive Cisco’s standard non-employee director cash and equity compensation. Mr. Rishi will receive a pro rata portion of the $105,000 annual cash …