Cisco Chief Legal Officer Deborah "Dev" Stahlkopf saw her compensation increase 22.5% in the latest fiscal year—reaching $12.5 million—even though the company posted disappointing sales and profits, and its stock price declined 9.2%.

The company disclosed Stahlkopf's pay for the 12 months ending July 27, in its proxy statement filed with the U.S. Securities and Exchange Commission late Friday.