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 27, 2006

CADENCE DESIGN SYSTEMS, INC.

(Exact Name of Registrant as Specified in Charter)

Delaware	000-15867	77-0148231
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

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

Registrant’s telephone number, including area code:           (408) 943-1234

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))

TABLE OF CONTENTS

	Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
	Item 9.01. Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
EXHIBIT 99.1

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

     On February 27, 2006, upon the recommendation of the Corporate Governance and Nominating Committee, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) elected John Swainson, President and Chief Executive Officer of CA, Inc., as a director of Cadence. Mr. Swainson has not yet been named to any committees of the Board.

     There are no arrangements between Mr. Swainson and any other person pursuant to which Mr. Swainson was elected to serve as a director, nor are there any transactions to which Cadence or any of its subsidiaries is a party in which Mr. Swainson has a material interest.

     A copy of the press release announcing Mr. Swainson’s election is attached hereto as Exhibit 99.1 and incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

Exhibit Description

99.1. Press Release issued by Cadence Design Systems, Inc. on February 28, 2006.

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: March 1, 2006

CADENCE DESIGN SYSTEMS, INC.
By:	/s/ R.L. Smith McKeithen
	R.L. Smith McKeithen
	Senior Vice President, General Counsel and Secretary

EXHIBIT INDEX

Exhibit Description

99.1. Press Release issued by Cadence Design Systems, Inc. on February 28, 2006.

EX-99.1

EXHIBIT 99.1

For more information, please contact:

Adolph Hunter

Cadence Design Systems, Inc.

408-914-6016/408-425-7840 mobile

publicrelations@cadence.com

CADENCE ELECTS CA’S JOHN SWAINSON TO ITS BOARD OF DIRECTORS

     San Jose, Calif., February 28, 2006, Cadence Design Systems, Inc.(NASDAQ:CDNS) announced today that John Swainson, president and CEO of CA, Inc. (CA), has been elected to the Cadence^® Board of Directors.

     “We are pleased to have John Swainson join the Cadence Board of Directors,” said Mike Fister, president and CEO of Cadence. “John brings over three decades of experience in the Information Technology (IT) industry. His leadership ability in the mature and evolving IT market place provides a unique synergy with Cadence that will be an enormous asset as we continue to broaden our markets and expand our focus in the enterprise solutions space.”

     “It is an exciting time to join the Cadence Board of Directors,” said John Swainson. “With Mike Fister’s leadership, Cadence is leveraging its breadth of advanced technology to move beyond traditional electronics design automation and provide additional value for the electronics industry. With strong demand from both the consumer and the enterprise customer, Cadence is well positioned, through its collective resources, to deliver inventive design solutions to meet this demand.”

     Under John Swainson, CA has focused on its core strengths in systems, networks, security and storage management for the enterprise. He has leveraged CA’s deep expertise and broad product portfolio to define a unique vision, Enterprise IT Management (EITM), to unify and simplify the management of IT across the enterprise. This vision encompasses an integrated yet modular approach across security, storage, systems, devices and network functions.

     Before joining CA in 2004, Swainson was vice president of worldwide sales for IBM’s Software Group, responsible for selling IBM’s diverse line of software products through multiple channels. Prior to that, he was general manager of the Application Integration and Middleware division, IBM’s largest software group, a division he started in 1997.

     Mr. Swainson holds a bachelor of applied science degree in engineering from the University of British Columbia.

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, printed-circuit boards and systems used in consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2005 revenues of approximately $1.3 billion, and has approximately 5,000 employees. 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 the company, its products, and services is available at www.cadence.com.

About CA

CA (NYSE: CA), one of the world’s largest information technology (IT) management software companies, unifies and simplifies the management of enterprise-wide IT. Founded in 1976, CA is headquartered in Islandia, N.Y., and serves customers in more than 140 countries. For more information, please visit http://www.ca.com.