SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
August 19, 2004
Date of Report (Date of earliest event reported)
CIENA Corporation
(Exact name of registrant as specified in its charter)
Delaware 0-21969 23-2725311
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
1201 Winterson Road, Linthicum, Maryland 21090
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(410) 865-8500
Not applicable
(Former name or former address, if changed since last report)
Exhibit Index on Page 2
TABLE OF CONTENTS
Item 5. Other Events and Regulation FD Disclosure
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SIGNATURES
EXHIBIT INDEX
EX-99.1 Text of Press Release
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ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
On August 19, 2004, CIENA Corporation issued a press release announcing that
Michael J. Rowny has been elected to CIENA's board of directors. The text of the
press release is furnished as Exhibit 99.1 to this Report.
Exhibits -- The following exhibit is furnished as part of this Report:
Exhibit 99.1 -- Text of Press Release filed under Item 5 by CIENA Corporation,
dated August 19, 2004.
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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 thereunto duly authorized.
CIENA CORPORATION
Dated: August 19, 2004 By: /s/ Russell B. Stevenson, Jr.
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Senior Vice President, General Counsel
and Secretary
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Exhibit 99.1
Michael J. Rowny Joins CIENA Board of Directors
LINTHICUM, Md.--(BUSINESS WIRE)--Aug. 19, 2004--CIENA(R)
Corporation (NASDAQ:CIEN) today announced that Michael J. Rowny,
chairman of Rowny Capital and former president and CEO of MCI's
International Ventures, Alliances and Correspondent group, has joined
CIENA's board of directors as its tenth member and eighth independent
director.
"Michael's vast business and leadership experience will be a solid
addition to CIENA's board as the company works through the challenges
associated with its ongoing business transformation, recent portfolio
expansion and resulting market repositioning," said Patrick Nettles,
CIENA's executive chairman.
Since 1999, Rowny, 54, has served as chairman of Rowny Capital, a
private equity company focusing on broadband, Internet, electronic
commerce and related businesses. From 1994 to 1999, he was CEO of MCI
Communications Corporation's International Ventures, Alliances and
Correspondent group. In this role, Rowny led MCI's international
operations and managed business development for the corporation
worldwide, including acquisitions and divestitures. He also served as
MCI's acting CFO; senior vice president, finance; and treasurer.
His extensive career has included positions as executive vice
president, CFO and Director of ICF Kaiser International; Chairman and
CEO of Ransohoff Company; CEO of Hermitage Holding Company; Vice
President, Strategic Planning and Ventures of The Bendix Corporation;
Deputy Staff Director for The White House; Assistant to the Ambassador
for U.S. Trade Negotiations and Professional Staff Member for the U.S.
Senate Finance Committee.
"CIENA is a great company with an excellent leadership team.
While, along with most of its competitors, CIENA has suffered the
effects of the extraordinarily challenging conditions in the
telecommunications industry, it has taken significant steps to deal
with those conditions and to set the stage for a return to
profitability," said Rowny. "I am pleased to join CIENA's board of
directors, and I look forward to being a part of CIENA's future as an
industry leader."
Rowny currently serves as Chairman of the board of directors for
Step 9 Software Corporation and as a member of the board of directors
of Intelliden.
Mr. Rowny earned a Bachelor of Science degree in management from
the Sloan School at the Massachusetts Institute of Technology. He also
holds a J.D. in corporate law from Georgetown University and remains a
member of the District of Columbia Bar Association.
ABOUT CIENA
CIENA Corporation delivers innovative network solutions to the
world's largest service providers, cable operators and enterprises,
increasing the cost-efficiency of current services while enabling the
creation of new carrier-class data services built upon the existing
network infrastructure. Additional information about CIENA can be
found at www.ciena.com.
CONTACT: CIENA Corporation
Investor Contacts:
Suzanne DuLong or Jessica Towns
(888) 243-6223
email: ir@ciena.com
or
Press Contacts:
Aaron Graham or Nicole Anderson
(877) 857-7377
email: pr@ciena.com