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Form 8-K · Current Report · Filed 2024-04-12

Synopsys, Inc. Stockholders Approve Amended Employee Equity Plan and Elect New Board Members

At Synopsys, Inc.'s Annual Meeting on April 10, 2024, stockholders approved the Amended Employee Equity Plan, which increases the number of shares available for issuance, eliminates the term of the plan, and allows for incentive stock options to be granted without stockholder approval until the ten-year anniversary of the Board's approval.

Filer
Synopsys Inc. SNPS · NASDAQ
Filed
Accession
0001193125-24-094764
CIK
0000883241
Signal
High impactTechnology

Details

Stockholders also elected eleven directors to the Board, with all receiving significant support. The meeting also included votes on other proposals, such as the advisory vote on executive compensation and the ratification of the independent auditor.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Key Executive Appointment
Item 5.07

Submission of Matters to a Vote of Security Holders

Equity Plan Approved
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$561.97

Next session

-3.2%

Since filing

-30.8%

Latest close

$388.76

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from SNPS reporting the same item, with the next session's move:

Exhibits (1)

About Synopsys Inc.

Synopsys Inc. is a leading provider of electronic design automation software, offering comprehensive solutions essential for designing and testing integrated circuits and electronic systems. Their software facilitates complex chip design processes, catering to a wide spectrum of industries, including semiconductor, automotive, and consumer electronics. One of Synopsys's key offerings is its advanced verification platform, which enhances the reliability and performance of electronic products. The company also plays a pivotal role in advancing chip design technology through its robust intellectual property portfolio, offering Silicon-proven IP that accelerates time-to-market for semiconductor companies. Headquartered in Mountain View, California, Synopsys is integral to the semiconductor design and verification cycle, supporting innovation in various tech sectors. Its tools are indispensable in conducing the unyielding complexity and shrinking design cycles synonymous with modern electronics, underscoring its market significance.

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