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Synopsys | 8-K: Current report

SEC announcement ·  Apr 12 16:36
Summary by Moomoo AI
On April 10, 2024, Synopsys, Inc., a company incorporated in Delaware and listed on the Nasdaq Global Select Market under the symbol SNPS, held its Annual Meeting of Stockholders. During the meeting, stockholders approved an amendment to the 2006 Employee Equity Incentive Plan, which included an increase of 3,400,000 shares available for issuance, the elimination of the plan's term, and provisions allowing incentive stock options to be granted without stockholder approval until the ten-year anniversary of the Board's approval. The Board and the Compensation and Organizational Development Committee had previously approved the amendment, pending stockholder consent. Executive officers of Synopsys are eligible to participate in the amended plan. Additionally, stockholders elected eleven directors to the Board, approved the compensation of named...Show More
On April 10, 2024, Synopsys, Inc., a company incorporated in Delaware and listed on the Nasdaq Global Select Market under the symbol SNPS, held its Annual Meeting of Stockholders. During the meeting, stockholders approved an amendment to the 2006 Employee Equity Incentive Plan, which included an increase of 3,400,000 shares available for issuance, the elimination of the plan's term, and provisions allowing incentive stock options to be granted without stockholder approval until the ten-year anniversary of the Board's approval. The Board and the Compensation and Organizational Development Committee had previously approved the amendment, pending stockholder consent. Executive officers of Synopsys are eligible to participate in the amended plan. Additionally, stockholders elected eleven directors to the Board, approved the compensation of named executive officers, ratified the selection of KPMG LLP as the independent registered public accounting firm for the fiscal year ending November 2, 2024, and rejected a proposal for an independent board chair requirement. The detailed voting results for each proposal were disclosed, with the majority of votes cast in favor of the elected directors and the amended Employee Equity Plan.

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