Summary by Futu AI
On September 30, 2024, Cisco Systems, Inc. filed a Form S-8 registration statement with the Securities and Exchange Commission (SEC), indicating the registration of equity securities for their 2024 Equity Incentive Plan. This plan is designed to provide long-term incentives to selected employees, directors, and consultants (Specified Individuals) by offering them the opportunity to acquire a proprietary interest in the company through restricted stock units (RSUs) and stock options. The plan, which includes 19,000,000 shares of common stock, aims to align the interests of Specified Individuals with those of shareholders and promote the company's success. The registration statement details the terms and conditions of the equity awards, including vesting schedules, exercise prices, and the impact of corporate transactions on outstanding awards. The plan is subject to stockholder approval and will be governed by the laws of the State of California.