8-K

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 14, 2011

CADENCE DESIGN SYSTEMS, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware
(State or Other Jurisdiction
of Incorporation) 000-15867
(Commission File Number) 77-0148231
(I.R.S. Employer
Identification No.)

2655 Seely Avenue, Building 5
San Jose, California
(Address of Principal Executive Offices) 95134
(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:

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

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

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

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

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 16, 2011, Cadence Design Systems, Inc. (the “Company”) announced that Susan L. Bostrom had been elected to the Board of Directors of the Company (the “Board”). The Board also appointed Ms. Bostrom to serve on the Board’s Corporate Governance and Nominating Committee. Ms. Bostrom will be compensated for her services and enter into an indemnification agreement as described in the discussion of director compensation in the Company’s definitive proxy statement for its 2010 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on March 26, 2010. In connection with her appointment, Ms. Bostrom received a grant of options to purchase 6,250 shares of Cadence common stock pursuant to the Company’s 1995 Directors Stock Option Plan.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
	99.01	Cadence Design Systems, Inc. Press Release dated February 16, 2011.

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 16, 2011

CADENCE DESIGN SYSTEMS, INC.
By:	/s/ James J. Cowie
	James J. Cowie
	Senior Vice President, General Counsel and Secretary

EXHIBIT INDEX

Exhibit No.		Description
	99.01	Cadence Design Systems, Inc. Press Release dated February 16, 2011.

EX-99.1

Exhibit 99.01

Cadence Elects Susan L. Bostrom to Board of Directors

Veteran Management and Marketing Executive Rejoins Cadence Board

SAN JOSE, Calif. — February 16, 2011 — Cadence Design Systems, Inc. (NASDAQ: CDNS) announced the election of Susan L. Bostrom to its Board of Directors. Bostrom brings more than 25 years of operational and leadership expertise to the board, having most recently served as Executive Vice President, Chief Marketing Officer, Worldwide Government Affairs, at Cisco Systems, Inc. As a member of Cadence’s eight person board, Bostrom brings a deep understanding of Cadence’s customer requirements.

     “We are very pleased and honored to have Sue Bostrom rejoin the board,” said John B. Shoven, Ph.D., chairman of the board of directors. “Sue’s deep leadership, operational and strategic marketing experience will bolster our commitment to innovation and winning through customer success as we build on the momentum of our EDA360 vision. Having previously served on Cadence’s board, Sue brings a historical perspective to the board as well as a macro view of today’s complex electronics ecosystem from her 14 year tenure at Cisco.”

     Previously, Bostrom served in senior management positions at FTP Software, Inc., National Semiconductor Corporation and McKinsey & Company. Bostrom currently serves on the board of directors for Varian Medical Systems, Inc., Stanford Hospital and Clinics and Georgetown University. She also serves on the Advisory Board of the Stanford Institute for Economic Policy Research and the Advisory Council of the Stanford Graduate School of Business. Bostrom served on the Cadence board of directors from 2001 until 2005.

About Cadence

     Cadence enables global electronic-design innovation and plays an essential role in the creation of today’s integrated circuits and electronics. Customers use Cadence^® software and hardware, methodologies, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about Cadence and its products and services is available at www.cadence.com.

Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

For more information, please contact:

Investors and Shareholders
Jennifer Jordan
Cadence Design Systems, Inc.
408-944-7100
investor_relations@cadence.com

Media and Industry Analysts
Nancy Szymanski
Cadence Design Systems, Inc.
408-473-8382
nancy@cadence.com

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