2021021701

Successor

Cisco Systems, Inc.

Event Publicly Available Information:

Cisco Systems Inc has reincorporated from California to Delaware on 1/25/2021 by reverse merger. From 8-K: In order to change the state of its incorporation from California to Delaware (the “Reincorporation”), Cisco Systems, Inc., a California corporation (“Cisco Systems California”), merged with and into (the “Merger”) its wholly-owned subsidiary, Cisco Systems (DE), Inc., a Delaware corporation (“Cisco Systems Delaware”), pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) which became effective on January 25, 2021. Cisco Systems Delaware is the surviving corporation in the Merger and at the effective time of the Merger, changed its name to Cisco Systems, Inc. 

8-K

DateDescriptionDocument
Closed

Americas DC Decision - Issue Number 2021021701 (Cisco Systems, Inc.) - 03/04/21

Americas DC Statement March 4, 2021: On January 25, 2021, Cisco Systems, Inc., a California corporation (Original Cisco), merged into Cisco Systems (DE), Inc., and Original Cisco ceased to exist.  Cisco Systems (DE), Inc., as the surviving entity of the merger, changed its name to "Cisco Systems, Inc." (New Cisco) and assumed all debt obligations of Original Cisco.

The Americas DC concluded that Original Cisco had at least one Relevant Obligation outstanding at the time of the merger and all obligations of Original Cisco were assumed by New Cisco pursuant to the relevant agreement and plan of merger. Accordingly, the Americas DC Resolved that New Cisco was the sole Successor to Original Cisco under the Updated 2003 and 2014 Definitions, and that January 25, 2021 was (a) the legally effective date of the Succession Event for purposes of the Updated 2003 Definitions and (b) the Succession Date for purposes of the 2014 Definitions.

Request Accepted by DC

Americas DC Decision - Issue Number 2021021701 (Cisco Systems, Inc.) - 03/01/21

The Americas DC Legal Subcommittee met on February 24, 2021 to begin discussions with respect to whether there is a Successor to Cisco Systems, Inc. The Americas DC will continue discussions next week.

Request Accepted by DC
Pending DC Consent