Summary by Moomoo AI
Synopsys, Inc., a company incorporated in Delaware and listed on the Nasdaq Global Select Market under the trading symbol SNPS, filed a Current Report on Form 8-K with the United States Securities and Exchange Commission on March 25, 2024. The report announced that the Board of Directors, following the recommendation of the Corporate Governance and Nominating Committee, amended and restated the company's bylaws. The key change detailed in the amendments is the provision for the appointment of the lead independent director by the independent directors of the Board. This position was previously appointed by the full Board and will continue to be served until the independent directors decide on a replacement. The full text of the amended and restated bylaws was attached as Exhibit 3.1 to the report. This corporate governance update is part of Synopsys' ongoing efforts to maintain effective board leadership and oversight.