Ciena said it appointed Marc D. Graff as Senior Vice President and Chief Financial Officer on June 18, 2025, and its Board of Directors designated him as principal financial officer and principal accounting officer. Both roles take effect as of August 1, 2025.

1. 01

   Ciena said it appointed Marc D. Graff as Senior Vice President and Chief Financial Officer on June 18, 2025, and its Board of Directors designated him as principal financial officer and principal accounting officer. Both roles take effect as of August 1, 2025.

2. 02

   The company said it will pay Graff an initial annual base salary of $650,000 and an annual cash incentive bonus at a target of 100% of his base salary under the Offer Letter, along with a one-time cash sign-on bonus of $1,950,000. The bonus is subject to repayment if he resigns voluntarily or is terminated for cause before the first anniversary of his effective date.

3. 03

   The company said it will grant Graff a sign-on replacement RSU award with a target delivered value of $10,486,000. The RSUs will vest as to 1/4 on the first anniversary of the effective date, and the remainder will vest in equal increments over 3 years, with 1/12 of the remaining amount vesting every 3 months. It said his annual equity compensation for fiscal 2026 will have a target delivered value of $3,900,000.

4. 04

   The company said James E. Moylan, Jr. will retire on August 28, 2025 and will assist in the transition of his responsibilities until then. Graff has served as Senior Vice President and Chief Financial Officer of Altera Corporation since January 2024, and he previously held finance and executive positions at Intel Corporation.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.