-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K/PJbJjdbZWvh66hEqYcGsTIeXj6Inl7AXzVyGzSESXQgkIsKI8z8NMTUXXhuV6T 6rsipvCxIe2nzsaAg6smkA== 0001104659-07-044415.txt : 20070601 0001104659-07-044415.hdr.sgml : 20070601 20070531174744 ACCESSION NUMBER: 0001104659-07-044415 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070530 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070601 DATE AS OF CHANGE: 20070531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYNOPSYS INC CENTRAL INDEX KEY: 0000883241 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 561546236 STATE OF INCORPORATION: DE FISCAL YEAR END: 1029 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19807 FILM NUMBER: 07891944 BUSINESS ADDRESS: STREET 1: 700 E MIDDLEFIELD RD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043-4033 BUSINESS PHONE: 6509625000 MAIL ADDRESS: STREET 1: 700 E MIDDLEFIELD RD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043-4033 8-K 1 a07-15632_18k.htm 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):  May 30, 2007

 


 

SYNOPSYS, INC.

(Exact name of Registrant as specified in charter)

 

Delaware

 

000-19807

 

56-1546236

(State or other jurisdiction

 

(Commission File Number)

 

(I.R.S. Employer

of incorporation)

 

 

 

Identification No.)

 

700 East Middlefield Road

Mountain View, California 94043

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (650) 584-5000

 

N/A

(Former name or former address, if changed since last report)

 

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 May 30, 2007, the Board of Directors of Synopsys, Inc. (the “Company”) appointed Alfred J. Castino, the chief financial officer of Autodesk, Inc., and John Schwarz, the chief executive officer of Business Objects, to serve as directors of the Company effective May 30, 2007.  The Board also appointed Messrs. Castino and Schwarz to the Company’s Nominating and Corporate Governance Committee, Mr. Castino to the Company’s Audit Committee and Mr. Schwarz to the Company’s Compensation Committee.

Messrs. Castino and Schwarz will each participate in the non-employee director compensation arrangements described in the Company’s 2007 proxy statement.  Under the terms of those arrangements, each will receive an annual cash retainer of $125,000, paid quarterly in arrears, an initial stock option award of 30,000 options and an annual equity award with an aggregate “fair value” equal to $125,000, prorated to reflect their service for a partial year.  In addition, Mr. Castino, as a member of the Audit Committee, will receive $2,000 per meeting attended, for up to four meetings per year.

The Company’s press release announcing the appointments of Messrs. Castino and Schwarz is filed with this report as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

(d)  Exhibits

99.1

 

Press release dated May 31, 2007, entitled “Synopsys Appoints Alfred Castino and John Schwarz to its Board of Directors.”

 




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.

Date: May 31, 2007

SYNOPSYS, INC.

 

 

 

 

 

 

/s/

Brian E. Cabrera

 

 

Brian E. Cabrera

 

 

Vice President, General Counsel

 

 

and Corporate Secretary

 




Exhibit Index

Exhibit
Number

 

Exhibit Title

99.1

 

Press release dated May 31, 2007, entitled “Synopsys Appoints Alfred Castino and John Schwarz to its Board of Directors.”

 



EX-99.1 2 a07-15632_1ex99d1.htm EX-99.1

Exhibit 99.1

NEWS RELEASE

Editorial Contact:

Yvette Huygen

Synopsys, Inc.

650-584-4547

yvetteh@synopsys.com

Investor Contact:

Lisa Ewbank

Synopsys, Inc.

650-584-1901

SYNOPSYS APPOINTS ALFRED CASTINO AND JOHN SCHWARZ
TO ITS BOARD OF DIRECTORS

MOUNTAIN VIEW, Calif. – May 31, 2007 - Synopsys, Inc. (Nasdaq:SNPS), a world leader in semiconductor design software, today announced the appointment of Alfred “Al” J. Castino and John G. Schwarz to its Board of Directors, bringing the number of independent directors on the Board to seven. Mr. Castino will serve on Synopsys’ Audit Committee, while Mr. Schwarz will serve on the company’s Compensation Committee. Both new directors will also serve on the company’s Nominating and Corporate Governance Committee.

“The appointment of these two outstanding professionals brings valuable expertise to an already strong Board,” said Aart de Geus, chairman and CEO of Synopsys, Inc. “In addition to their excellent business experience and judgment, their vision, values and enthusiasm will serve Synopsys and its stakeholders well. Al is an extremely qualified financial expert from one of the top-ten software companies in the world. John has tremendous operating experience in technology companies and today is CEO of the world’s leading business intelligence player in enterprise software.”

Mr. Castino has been senior vice president and chief financial officer (CFO) for Autodesk, Inc. for the past five years. In this role, he has responsibility for finance, purchasing, information technology, business development and investor relations.

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Mr. Castino previously served as CFO for Virage, Inc., and as senior vice president and CFO for PeopleSoft in Pleasanton, CA. Other prior experience includes a role as controller for Chiron Corporation. He also worked for Sun Microsystems for eight years in a series of key domestic and international finance assignments, and at Hewlett-Packard Company for seven years, where he held various divisional finance management positions. Mr. Castino holds a CPA from the State of California, a Bachelor of Arts in Economics from Holy Cross College in Worcester, MA, and a Master of Business Administration from Stanford University.

“I have had a number of opportunities to serve on top-notch boards, but I have chosen to join Synopsys’ board because of the outstanding reputations of its members and management, as well as the synergies between Synopsys and Autodesk,” said Mr. Castino. “I look forward to contributing to the company’s continued financial success as an independent member of the Board and the Audit Committee.”

Mr. Schwarz has served as chief executive officer (CEO) of Business Objects for nearly two years. As CEO, he has ultimate responsibility for all aspects of the company, including strategy, operations, finance, product engineering, marketing and business development. Prior to joining Business Objects, Mr. Schwarz held executive management roles at Symantec Corporation in Cupertino, CA, and Reciprocal, Inc. in New York. He spent the first 25 years of his career at IBM, where he had various technical and general management assignments. Mr. Schwarz has a Bachelor of Science in Computer Science from the University of Manitoba, a Diploma in Business Administration from the University of Toronto, and an honorary PhD from Dalhousie University in Halifax, Nova Scotia.

“I consider Synopsys and its leaders to be technology visionaries in a critical area of the high technology market,” said Mr. Schwarz. “As a new member of the Board, I am looking forward to helping Synopsys pursue a strategy for ongoing business growth and technology leadership.”

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About Synopsys

Synopsys, Inc. is a world leader in EDA software for semiconductor design. The company delivers technology-leading semiconductor design and verification platforms and IC manufacturing software products to the global electronics market, enabling the development and production of complex systems-on-chips (SoCs). Synopsys also provides intellectual property and design services to simplify the design process and accelerate time-to-market for its customers. Synopsys is headquartered in Mountain View, California and has offices in more than 60 locations throughout North America, Europe, Japan and Asia. Visit Synopsys online at http://www.synopsys.com.

# # #

Synopsys is a registered trademark of Synopsys, Inc. Any other trademarks or registered trademarks mentioned in this release are the intellectual property of their respective owners.

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