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AI brief of an SEC Form 8-K · Ciena (CIEN)

Ciena names Marc D. Graff as CFO effective August 1, 2025

Neutral Impact 4 of 5 leadership Written later

Ciena Corporation appointed Marc D. Graff as Senior Vice President and Chief Financial Officer, effective August 1, 2025, and designated him principal financial and principal accounting officer. He succeeds James E. Moylan, Jr., who previously announced his retirement effective August 28, 2025, and will assist with the transition until then.

Key points

  • Graff's offer letter, dated June 13, 2025, sets a base salary of $650,000 and a target annual cash bonus of 100% of base salary.
  • Graff receives a one-time cash sign-on bonus of $1,950,000, subject to repayment if he resigns or is terminated for cause before the first anniversary of his start date.
  • A one-time replacement RSU grant has a target delivered value of $10,486,000, with one-quarter vesting on the first anniversary of the Effective Date.
  • Graff's prior role was Senior Vice President and CFO at Altera Corporation, which he held from January 2024; he previously served at Intel Corporation.

The filing

CompanyCiena (CIEN)
Form8-K, current report
Filed with the SECJun 18, 2025, 4:04 PM ET
Accession number0000936395-25-000029

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 18, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.