Cadence Design Systems Inc 8-K, filed Jan 31, 2022
Cadence Design Systems Inc (CDNS)
8-K
2022-01-31
For: 2022-01-31
View Original
Added on
April 11, 2026
About this 8-K
Cadence Design Systems Inc filed this 8-K on January 31, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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): January 31, 2022
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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).
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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. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)On January 31, 2022, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) elected Mary Louise (ML) Krakauer as a director of Cadence, effective immediately.
The compensation of Ms. Krakauer will be consistent with Cadence’s compensation of its other non-employee directors in effect from time to time and as described in Cadence’s definitive proxy statement filed with the Securities and Exchange Commission on March 26, 2021. In connection with Ms. Krakauer’s initial election to the Board and for her service on the Board for a portion of 2022, Ms. Krakauer has been granted an incentive stock award with a grant date fair value of $13,013.70 under Cadence’s 1995 Directors Stock Incentive Plan. The incentive stock award will fully vest on February 25, 2022, aligned with the vesting of annual incentive stock awards granted to Cadence’s other Board members in February 2021. Ms. Krakauer has also entered into Cadence’s standard indemnification agreement.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
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: January 31, 2022
| CADENCE DESIGN SYSTEMS, INC. | ||||||||
| By: | /s/ Alinka Flaminia | |||||||
Alinka Flaminia | ||||||||
Senior Vice President, Chief Legal Officer & Corporate Secretary | ||||||||
Exhibit 99.01
For more information, please contact:
Cadence Newsroom
408-944-7039
newsroom@cadence.com
Cadence Newsroom
408-944-7039
newsroom@cadence.com
Cadence Appoints Mary Louise Krakauer to Board of Directors
SAN JOSE, Calif., January 31, 2022—Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced the appointment of Mary Louise (ML) Krakauer to its board of directors, effective January 31, 2022. Ms. Krakauer currently serves on the boards of Xilinx, Inc., Mercury Systems, Inc., DXC Technology and Proterra Inc. and previously held various executive roles at global technology companies.
“We are honored to welcome ML to our board of directors,” said Lip-Bu Tan, Cadence’s executive chairman of the board. “ML has had a highly distinguished career and her extensive experience at several global technology companies will provide Cadence with key strategic and operational insights, helping accelerate growth through our Intelligent System Design strategy and further enhancing our delivery of long-term shareholder value.”
Ms. Krakauer retired as executive vice president, chief information officer of Dell Corporation, a global information technology company, in January 2017. Prior to that, she served in various executive positions at EMC Corporation, a global IT infrastructure company, which she joined in 2008, including executive vice president, chief information officer in 2016, executive vice president, business development, Global Enterprise Services during 2015 and executive vice president, Global Human Resources for EMC Corporation from 2012 to 2015. Ms. Krakauer also held executive general management roles at Hewlett-Packard Enterprise, Compaq Computer Corporation and Digital Equipment Corporation.
About Cadence
Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary electronic products
from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare. For seven years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.
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