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): October 31, 2011
CADENCE DESIGN SYSTEMS, INC.
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 000-15867 | 77-0148231 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
| 2655 Seely Avenue, Building 5 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)) |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 31, 2011, Cadence Design Systems, Inc. (the “Company”) announced that James D. Plummer, Ph.D. had been elected to the Board of Directors of the Company (the “Board”). The Board also appointed Dr. Plummer to serve on the Board’s Audit Committee and Corporate Governance and Nominating Committee. Dr. Plummer will be compensated for his services and enter into an indemnification agreement as described in the discussion of director compensation in the Company’s definitive proxy statement for its 2011 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on March 28, 2011. In connection with his appointment, Dr. Plummer received the grant of an option to purchase 12,500 shares of the Company’s 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 October 31, 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: October 31, 2011
| CADENCE DESIGN SYSTEMS, INC. | ||
| By: | /s/ James J. Cowie | |
| James J. Cowie Senior Vice President and General Counsel | ||
EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.01 | Cadence Design Systems, Inc. Press Release dated October 31, 2011. | |
Exhibit 99.01
Cadence Elects James D. Plummer to Board of Directors
SAN JOSE, Calif. – October 31, 2011 – Cadence Design Systems, Inc. (NASDAQ: CDNS) announced the election of James D. Plummer, Ph.D., the Frederick Emmons Terman Dean of the Stanford University School of Engineering, to its board of directors. Dr. Plummer is a member of the National Academy of Engineering and a fellow of the IEEE. As a researcher and educator, Dr. Plummer brings to the board semiconductor industry and technical expertise in the broad field of silicon devices and technology. He has focused his research in the areas of high-voltage ICs and high-voltage IC structures, silicon process modeling, nanoscale silicon devices for logic and memory throughout his career at Stanford.
“We are extremely pleased and honored to have Jim Plummer join our board,” said John B. Shoven, Ph.D., chairman of the board of directors. “Cadence is committed to continue its leadership role in the innovation of next-generation semiconductor and SoC design. Jim’s technical expertise and business experience will be valuable in helping Cadence deliver on this commitment as our customers continue to move to 20nm and below.”
Dr. Plummer obtained his B.S. degree from UCLA and his M.S. and Ph.D. degrees in electrical engineering from Stanford University. He began teaching at Stanford as an associate professor of electrical engineering in 1978 and was appointed dean of the School of Engineering in 1999. Dr. Plummer holds numerous technical awards and honors and was elected to the National Academy of Engineering in 1996. He has authored or co-authored more than 400 publications and holds several U.S. patents. Dr. Plummer also serves on the boards of directors of Intel Corporation and International Rectifier Corporation.
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, hardware, IP, 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 the company, 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
Alan Lindstrom
Cadence Design Systems, Inc.
408-944-7100
investor_relations@cadence.com
Media and Industry Analysts
Nancy Szymanski
Cadence Design Systems, Inc.
408-473-8382
publicrelations@cadence.com
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