Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 61

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 61
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 Ghazi has led Synopsys to record financial results and has made strong contributions to our strategic progress, including his leadership of our pending acquisition of ANSYS, Inc. (Ansys) and further optimization of our business portfolio, with the divestiture of our Software Integrity Group.

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| PROPOSAL 4 — Advisory Vote to Approve Executive Compensation |

Dr. de Geus continues to champion our unique culture and technical innovation both inside and outside the Company as Executive Chair. Key aspects of Dr. de Geus’ role include serving as the Executive Chair of our Board of Directors, providing strategic advice to our Chief Executive Officer, continuing work on the Board of the Synopsys Foundation, participating at key industry conferences and helping to maintain key external stakeholder relationships. Dr. de Geus was the 2024 recipient of the Robert N. Noyce award, the Semiconductor Industry Association's highest honor, awarded annually in recognition of a leader who has made outstanding contributions to the semiconductor industry in technology or public policy.

### Fiscal 2024 Performance Overview
Synopsys delivered an outstanding year in fiscal 2024. We have a resilient business model, and our customers continue to prioritize mission-critical investments in the silicon and systems that position them for future growth and to capitalize on AI in this era of pervasive intelligence. We made great progress in fiscal 2024 to align our portfolio investment with the greatest return potential to accelerate our growth. This was highlighted by the sale of our software integrity business and increased investment in our core design automation and IP businesses. We also doubled down on our silicon to systems strategy with the pending acquisition of Ansys. We expect this acquisition to accelerate our silicon to systems strategy, by strengthening our capabilities in advanced chip design technology and accelerating our expansion into new growth verticals. We are confident in our business heading into fiscal 2025 based on our proven track record of powering innovation and resilient growth.

(1) Reflects results as of the end of fiscal 2024. Presented on a continuing operations basis, without the Software Integrity business that was sold on September 30, 2024.

(2) Please see Appendix C for a reconciliation of non-GAAP operating margin and non-GAAP EPS to the most directly comparable measure reported under U.S. generally accepted accounting principles (GAAP) as well as information regarding how these measures are calculated.

(3) Free cash flow is calculated as cash provided from operating activities less capital expenditures and capitalization of software development costs.

(4) “Back