Form 8-K · Current Report · Filed 2026-02-19
Synopsys Appoints Former Deloitte Executive to Board of Directors
Synopsys, Inc. announced on February 14, 2026, the appointment of Peter A. Shimer to its Board of Directors, effective immediately. Shimer, a seasoned executive with over four decades at Deloitte LLP, including serving as interim CEO, brings extensive experience in strategy, financials, and corporate governance. His appointment coincides with the decision not to renominate two existing directors, Luis Borgen and Dr. Ajei Gopal, reflecting the board's commitment to refreshment. Shimer will serve on the Audit Committee and participate in the non-employee director program, receiving a compensation package including an annual cash retainer, restricted stock awards, and indemnification in accordance with Synopsys' customary practice.
- Filer
- Synopsys Inc. SNPS · NASDAQ
- Filed
- Accession
- 0001193125-26-059438
- CIK
- 0000883241
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$442.31
Next session
-0.5%
Since filing
-12.1%
Latest close
$388.76
What happened, not what will happen — closing prices around the filing date.
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.
Never miss another SNPS filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.