Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 20

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 20
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 current and potential stockholders and security analysts via roadshows, bus tours, site visits, executive meetings and ongoing responsiveness to investor inquiries 
 •Regular perception surveys to gauge investor and analyst sentiment                                                                                                                         
 •Offseason engagement with stockholders representing a significant portion of our voting shares                                                                                             
 •Proxy-related discussions                                                                                                                                                                  |

Fiscal 2024 Stockholder Engagement

Consistent with past years, in fiscal 2024 we conducted outreach to our stockholders throughout the year on key topics.

| ENGAGEMENT, TOPICS AND STOCKHOLDER FEEDBACK                                                                                                                                                                                                                                                                                                                                                                                 |     |                          |
| Who we spoke with                                                                                                                                                                                                                                                                                                                                                                                                           
 •We proactively sought engagement with our stockholders in fiscal 2024 and met with an aggregate of 59% of our total shares outstanding, including 22 out of our top 25 stockholders.                                                                                                                                                                                                                                       
 What we talked about                                                                                                                                                                                                                                                                                                                                                                                                        
 •Topics included our business and financial results, our pending acquisition of Ansys, and other matters including governance structure, Board composition and refreshment, succession planning and human capital management.                                                                                                                                                                                               
 •At our 2024 Annual Meeting, 67.3% of votes cast rejected a stockholder proposal to require that Synopsys adopt a policy and amend its charter documents to require that two separate people hold the positions of Chair of the Board and CEO. Most stockholders who we spoke to following the 2024 Annual Meeting were generally supportive of the current board oversight structure and wanted to engage on other topics. |     | STOCKHOLDER ENGAGEMENT   
 (% OF OUTSTANDING STOCK) |

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| Corporate Governance |

Board of Directors Leadership Structure

The Chair of our Board of Directors is appointed annually by the Board based on the recommendation of the Governance Committee. Our Board believes it is important to have flexibility in selecting our Chair and Board leadership structure.

#### Lead Independent Director
In the event that the positions of Chair of the Board of Directors and Chief Executive Officer are held by the same person or the Chair of the Board is not an independent director in accordance with the applicable federal securities laws and the Nasdaq Listing Standards, our Bylaws and Corporate Governance Guidelines require the independent directors of the Board to appoint a Lead Independent Director to serve until replaced by the independent directors of the Board based on the recommendation of the Governance Committee. Our Board believes the role of Lead Independent Director provides an appropriate balance and that the responsibilities assigned to the Lead Independent Director help ensure a strong, independent and active Board. Roy Vallee has served as our Lead Independent