Ciena Corporation (NYSE:CIEN) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM 5.03 – AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS;
CHANGE IN FISCAL YEAR.
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On January 25, 2017, the Board of Directors (the Board)
of Ciena Corporation (Ciena) adopted and approved Cienas Second Amended and Restated Bylaws (the Amended Bylaws). In addition to incorporating certain technical and administrative changes, the Amended Bylaws:
Enhance the information and disclosure requirements in
connection with the advance notice provisions in Article I, Section 4; and
Implement proxy access by the addition of Article I,
Section 12. Specifically, this section permits an eligible stockholder i.e., a stockholder, or group of up to 20 stockholders, who owns at least three percent (3%) of Cienas outstanding common stock continuously for at least three years to nominate and include in Cienas proxy materials individuals for election to the Board not to exceed the greater of two individuals or twenty percent (20%) of the Board, provided that the eligible stockholder and the nominee(s) satisfy the requirements specified in the Amended Bylaws.
The foregoing description is qualified in all respects
by reference to the text of the Second Amended and Restated Bylaws of Ciena Corporation, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference. |
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(d)
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The following exhibit is being filed herewith:
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Exhibit Number
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Description of Document
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Exhibit 3.1
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Second Amended and Restated Bylaws of Ciena Corporation
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About Ciena Corporation (NYSE:CIEN)
Ciena Corporation is a network specialist that focuses on providing communications networking solutions. The Company operates through four segments: Converged Packet Optical, Packet Networking, Optical Transport, and Software and Services. Its Converged Packet Optical portfolio includes networking solutions optimized for the convergence of coherent optical transport, optical transport network (OTN) switching and packet switching. Its Optical Transport products include stand-alone wavelength-division multiplexing (WDM) and synchronous optical networking/synchronous digital hierarchy (SONET/SDH)-based optical transport solutions. Its Packet Networking portfolio includes 8700 Packetwave platform, a multi-terabit packet switching platform for high-density metro networks and inter-data center wide area networks. Its software business consists of the development and licensing of element and network management software, and software-related services that support its hardware offerings. Ciena Corporation (NYSE:CIEN) Recent Trading Information
Ciena Corporation (NYSE:CIEN) closed its last trading session down -0.30 at 24.61 with 3,602,610 shares trading hands.