# EDGAR Filing Document

**Accession Number:** 0000813672
**File Stem:** 0000813672-23-000013
**Filing Date:** 2023-2
**Character Count:** 4774
**Document Hash:** 70e736f88d5c4fab24640faca5a780fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000813672-23-000013.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0000813672-23-000013

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20230208

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CADENCE DESIGN SYSTEMS INC
- **CENTRAL INDEX KEY:** 0000813672
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 770148231
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-15867
- **FILM NUMBER:** 23619995

**BUSINESS ADDRESS:**
- **STREET 1:** 2655 SEELY AVENUE BLDG 5
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95134
- **BUSINESS PHONE:** 4089431234

**MAIL ADDRESS:**
- **STREET 1:** 2655 SEELY AVENUE
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95134

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ECAD INC /DE/
- **DATE OF NAME CHANGE:** 19880609

?xml version="1.0" ? cdns-20230208

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT PURSUANT TO**

**SECTION 13 OR 15(d) OF** 

**THE SECURITIES EXCHANGE ACT OF 1934**

**Date of report (Date of earliest event reported): February 8, 2023** 

**CADENCE DESIGN SYSTEMS, INC.** 

**(Exact Name of Registrant as Specified in its Charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **000-15867** | **00-0000000** |
| (State or Other Jurisdiction<br>of Incorporation) | (Commission File Number) | (I.R.S. Employer<br>Identification No.) |

---

**2655 Seely Avenue, San Jose, California 95134** 

(Address of Principal Executive Offices) (Zip Code)

**(408) 943-1234** 

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Common Stock, $0.01 par value per share** | **CDNS** | **Nasdaq Global Select Market** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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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.**

(b) On February 8, 2023, Lip-Bu Tan, the Executive Chair of the Board of Directors (the "Board") of Cadence Design Systems, Inc. (the "Company"), notified the Board that he will not seek re-election to the Board at the Company's 2023 Annual Meeting of Stockholders, when his current term as Executive Chair expires. Mr. Tan's letter agreement with the Company dated December 15, 2021 (the "Tan Transition Agreement") provides that he will continue to serve as a non-officer employee of the Company through March 31, 2024. The Tan Transition Agreement was previously disclosed by the Company and filed on December 17, 2021 as Exhibit 10.2 to Amendment No. 1 to the Company's current report on Form 8-K dated July 21, 2021.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 13, 2023

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| | |
|:---|:---|
| CADENCE DESIGN SYSTEMS, INC. | CADENCE DESIGN SYSTEMS, INC. |
| By: | /s/ Karna Nisewaner |
|  | Karna Nisewaner |
|  | Corporate Vice President, General Counsel and <br>Corporate Secretary |

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