AI English summary of an SEC filing — figures as filed
Cisco CSCOCisco said its Board appointed Ekta Singh-Bushell as a director, effective on June 12, 2024 and June 14, 2024. She is a former Deputy to the First Vice President, Chief Operating Officer, Executive Office at the Federal Reserve Bank of New York.
Key points
AI summaryCisco said its Board appointed Ekta Singh-Bushell as a director, effective on June 12, 2024 and June 14, 2024. She is a former Deputy to the First Vice President, Chief Operating Officer, Executive Office at the Federal Reserve Bank of New York.
The company said the Board determined that Singh-Bushell is independent under the applicable listing standards of The Nasdaq Stock Market LLC. It also appointed her to the Audit Committee and the Environmental, Social, and Public Policy Committee.
Singh-Bushell will receive Cisco's standard non-employee director compensation, the company said, including a pro rata portion of the $105,000 annual cash retainer, paid quarterly in arrears, plus a pro rata portion of the committee cash retainer fees. Upon her appointment, she automatically received a fully vested initial equity award with a grant date fair value equal to a pro rata portion of $245,000.
Cisco said Singh-Bushell has entered into the company's standard Indemnity Agreement, which provides for indemnification to the fullest extent permitted by law. Non-employee directors are eligible for the charitable matching gifts program on the same terms as all employees, and the maximum match for calendar year 2024 is $25,000.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Ekta Singh-Bushell Appointed to Board
Cisco said its Board appointed Ekta Singh-Bushell as a director, effective on June 12, 2024 and June 14, 2024. She is a former Deputy to the First Vice President, Chief Operating Officer, Executive Office at the Federal Reserve Bank of New York.
Source · Based on the filing body and exhibits
Independence Determination and Committee Assignments
The company said the Board determined that Singh-Bushell is independent under the applicable listing standards of The Nasdaq Stock Market LLC. It also appointed her to the Audit Committee and the Environmental, Social, and Public Policy Committee.
Source · Based on the filing body and exhibits
Non-Employee Director Cash and Equity Pay
Singh-Bushell will receive Cisco's standard non-employee director compensation, the company said, including a pro rata portion of the $105,000 annual cash retainer, paid quarterly in arrears, plus a pro rata portion of the committee cash retainer fees. Upon her appointment, she automatically received a fully vested initial equity award with a grant date fair value equal to a pro rata portion of $245,000.
Source · Based on the filing body and exhibits
Indemnity Agreement and Charitable Matching
Cisco said Singh-Bushell has entered into the company's standard Indemnity Agreement, which provides for indemnification to the fullest extent permitted by law. Non-employee directors are eligible for the charitable matching gifts program on the same terms as all employees, and the maximum match for calendar year 2024 is $25,000.
Source · Based on the filing body and exhibits
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.
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