Company: SNPS
Filing Date: 2025-04-11
Form Type: 8-K
Source: 0001193125-25-079138
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Company: SYNOPSYS INC
Filing Date: 2025-04-11
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

(e)  Amendment of 2006 Employee Equity Incentive Plan, as amended; Amendment of Employee Stock Purchase Plan, as amended

At the 2025 Annual Meeting of Stockholders (the “ Annual Meeting”) of Synopsys, Inc. (“Synopsys”) held on April 10, 2025, Synopsys’ stockholders approved Synopsys’ 2006 Employee Equity Incentive Plan, as amended (the “ Amended Employee Equity Plan”), in order to, among other things, (i) increase the number of shares of common stock, par value of $0.01 per share, available for issuance under the plan by 1,600,000 shares, (ii) conform the plan to Synopsys’ non-GAAP financial measures practices and compensation recovery policy, as currently effective, and (iii) remove certain references to Section 162(m) of the Internal Revenue Code that are no longer applicable. Synopsys’ Board of Directors (the “Board”) and the Compensation and Organizational Development Committee (the “ Compensation Committee”) of the Board previously approved the Amended Employee Equity Plan, subject to such stockholder approval. Synopsys’ executive officers are eligible to participate in the Amended Employee Equity Plan.