Arista Networks, Inc 8-K, filed Jul 20, 2021
Arista Networks, Inc. (ANET)
8-K
2021-07-20
For: 2021-07-19
View Original
Added on
April 05, 2026
About this 8-K
Arista Networks, Inc filed this 8-K on July 20, 2021, reporting on events of July 19, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): July 19, 2021
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(408 ) 547-5500
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Election of New Director.
On July 19, 2021, the Board of Directors (the “Board”) of Arista Networks, Inc. (“Arista”) increased the size of the Board to nine members and appointed Lewis Chew to serve as an independent member of Arista’s Board effective immediately. Mr. Chew will serve as a Class III director with a term expiring at Arista’s 2023 annual meeting of stockholders. Mr. Chew was also appointed to the Audit Committee of the Board.
Mr. Chew, 58, has served as Executive Vice President and Chief Financial Officer of Dolby Laboratories, Inc., an audio, voice and imaging technology company, since June 2012. Mr. Chew also has served as a board member and audit committee chair of Cadence Design Systems, Inc., a provider of software, hardware, and system design tools to enable the design and development of electronic products, since 2020. Previously, Mr. Chew served as Senior Vice President of Finance and Chief Financial Officer of National Semiconductor Corporation, a manufacturer of electronic components, from 2001 to 2011. Prior to joining National Semiconductor Corporation, Mr. Chew was a partner at KPMG LLP, an accounting firm, serving numerous technology and financial institution clients. Mr. Chew served as a director of PG&E Corporation from 2009 to 2019. Mr. Chew holds a B.S. degree in accounting from Santa Clara University.
For his service as a non-employee director, Mr. Chew will be paid an annual director cash retainer of $75,000 in addition to a cash retainer of $10,000 to serve on the Company’s Audit Committee, which will be prorated for his first year of service. In the third quarter of 2021, Mr. Chew will be granted restricted stock units with a total value of $225,000 (based on the average closing stock price for the 30 trading day period ending on the grant date) that vest quarterly over one year and are subject to his continued service on the Board. Mr. Chew will also enter into Arista's standard form of indemnification agreement, pursuant to which Arista agrees to indemnify its directors to the fullest extent permitted by applicable law.
There is no arrangement or understanding between Mr. Chew and any other persons pursuant to which he was selected as a director of Arista. In addition, Mr. Chew does not have an interest in any transactions that would be reportable under Item 404(a) of Regulation S-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ARISTA NETWORKS, INC. | ||||||||
July 20, 2021 | By: /s/ ITA BRENNAN | |||||||
Ita Brennan | ||||||||
Chief Financial Officer | ||||||||
| (Principal Accounting and Financial Officer) | ||||||||