Ciena Renews Executive Change-in-Control Severance Agreements Through 2028
Ciena Corporation has renewed its change-in-control severance agreements with executive officers, effective November 30, 2025, through November 30, 2028. The agreements include President and CEO Gary B. Smith and CFO Marc D. Graff, maintaining previous severance benefits levels. Updates clarify the agreements' non-restriction under Ciena’s Executive Compensation Clawback Policy, address equity treatment under Section 409A of the Internal Revenue Code, and include other administrative changes.
Ciena Corporation has entered into revised change in control severance agreements with its executive officers, effective November 30, 2025. The agreements, covering executives including President and CEO Gary B. Smith and CFO Marc D. Graff, maintain severance benefits at previous levels. Key updates include clarification that the agreements do not restrict Ciena’s rights under its Executive Compensation Clawback Policy, new language on the treatment of equity under Section 409A of the Internal Revenue Code, and other administrative changes. The agreements have a fixed term through November 30, 2028, unless terminated earlier. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ciena Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-055133), on December 04, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
