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): March 5, 2012
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 7.01. Regulation FD Disclosure.
On March 5, 2012, Cadence Design Systems, Inc. announced the appointment of Martin Lund to the position of Senior Vice President of Research and Development.
A copy of the press release making such announcement is attached hereto as Exhibit 99.01 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits |
| Exhibit No. |
Description | |
| 99.01 | Cadence Design Systems, Inc. Press Release dated March 5, 2012. | |
1
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 5, 2012 | ||||||
| CADENCE DESIGN SYSTEMS, INC. | ||||||
| By: | /s/ James J. Cowie | |||||
| James J. Cowie | ||||||
| Sr. Vice President, General Counsel and Secretary | ||||||
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EXHIBIT INDEX
| Exhibit No. |
Description | |
| 99.01 | Cadence Design Systems, Inc. Press Release dated March 5, 2012. | |
3
Exhibit 99.01
For more information, please contact:
Craig Cochran
Cadence Design Systems, Inc.
craig@cadence.com
408-914-6277
Cadence Appoints Martin Lund to lead SoC Realization Business
Seasoned Executive to Expand Growing Portfolio of Design Intellectual Property
San Jose, California, March 5, 2012 – Cadence Design Systems, Inc. (NASDAQ: CDNS), a leader in global electronic design innovation, today announced the appointment of Martin Lund to the position of senior vice president of research and development for the SoC Realization Group, a business which provides differentiated standards-based design intellectual property (IP) and services to the electronics industry. Lund’s primary focus is to expand the Cadence design IP portfolio, enabling customers to realize their System-on-Chip (SoC) products faster, cheaper and with higher quality. He joins Cadence from Broadcom, where he served for twelve years, most recently as senior vice president and general manager of Broadcom’s Network Switching Business. Lund succeeds Sanjay Srivastava, who moves into a new role as strategy advisor to Cadence CEO Lip-Bu Tan.
“SoC Realization is a strategic growth area for Cadence,” said Lip-Bu Tan, president and CEO. “While at Broadcom, Martin Lund grew the company to become the global leader in Ethernet switch SoCs for data center, service provider, enterprise, and SMB markets, and successfully drove several strategic acquisitions. His extensive operational experience equips him well to scale our SoC Realization business.”
“Cadence is in an excellent position to deliver differentiated IP for memory, storage and connectivity,” said Martin Lund. “Customers are looking to Cadence to be their trusted partner in delivering these IP reliably and with high quality. This is an exciting time to join Cadence and I am looking forward to helping accelerate the company’s success.”
Lip-Bu Tan continued, “I want to thank Sanjay Srivastava for successfully guiding our IP strategy following the acquisition and integration of Denali. I look forward to working with him in his new role.”
Prior to Broadcom, Lund held various marketing and senior engineering management positions in the Network Systems Division of Intel Corporation and at Case Technology, a European networking equipment manufacturer acquired by Intel in 1997. Lund is an inventor on 26 issued and pending US patents. He holds a technical degree from Frederiksberg Technical College and Risø National Laboratory at the Technical University of Denmark.
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.
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