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AI brief of an SEC Form 8-K · Cisco (CSCO)

Cisco says director Daniel Schulman resigns; Peter Shimer joins board and audit committee

Neutral Impact 2 of 5 leadership Written later

Cisco director Daniel H. Schulman will leave the board effective May 21, 2026, to focus on his new role as CEO of Verizon Communications. Cisco appointed Peter A. Shimer as an independent director effective April 6, 2026, and to its Audit Committee, a routine board change with no stated effect on Cisco's operations.

Key points

  • Daniel H. Schulman notified Cisco on March 31, 2026, of his resignation from the board, effective May 21, 2026
  • Peter A. Shimer appointed to the board effective April 6, 2026, and determined to be independent under Nasdaq listing standards
  • Shimer also joins the Audit Committee and receives a pro rata share of the $105,000 annual director cash retainer and a pro rata share of a $270,000 initial equity award

The filing

CompanyCisco (CSCO)
Form8-K, current report
Filed with the SECApr 6, 2026, 4:29 PM ET
Accession number0000858877-26-000048

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 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 April 06, 2026.

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.