Cisco Systems appointed Cognite chief to board
Cisco Systems appointed Cognite Holding CEO Girish D. Rishi to its board effective October 9, 2026, with a pro rata share of the $105,000 annual cash retainer.
What happened
Cisco Systems filed Form 8-K with the SEC on 2026-10-09, the form for prompt disclosure of major events. The Date of Report, the date of the earliest event reported, was October 7, 2026. On October 7, 2026, the Board of Directors appointed Girish D. Rishi, CEO of Cognite Holding B.V., as a member of the Board effective October 9, 2026. The filing was made under Item 5.02, covering departure of directors or certain officers and election of directors.
Mr. Rishi will receive Cisco's standard non-employee director cash and equity compensation. He will receive a pro rata portion of the $105,000 annual cash retainer, meaning a fixed yearly fee, paid quarterly in arrears. He automatically received a fully vested initial non-employee director equity award under Cisco's 2005 Stock Incentive Plan with a grant date fair value equal to a pro rata portion of $270,000. For calendar year 2026, the maximum match amount is $25,000 for Cisco's non-employee directors under the charitable matching gifts program.
Independent status and standard terms shape governance picture
The independent designation describes oversight distance from management under listing standards, according to the company. Standardized cash and equity terms place the new director on the same footing as other non-employee directors. The indemnity agreement provides the routine legal protection tied to board service, which shapes accountability and personal risk.
Formal filing recorded decision and left committee role open
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. The report was Dated: October 9, 2026 By: /s/ Jay Higdon Name: Jay Higdon Title: Assistant Secretary.