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): January 27, 2017
SYNOPSYS, INC.
(Exact name of Registrant as specified in charter)
| Delaware | 000-19807 | 56-1546236 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
690 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:
| ☐ | 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 January 27, 2017, Brian Beattie, Executive Vice President of Business Operations and Chief Administrative Officer of Synopsys, Inc. (“Synopsys”), informed Synopsys of his intention to retire effective December 22, 2017. Beginning May 1, 2017, Mr. Beattie will relinquish his duties as an executive officer, at which time he will transition into an executive advisory position for the remainder of his tenure. Synopsys has issued a press release announcing Mr. Beattie’s retirement. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit |
Exhibit Title | |
| 99.1 | Press release dated January 30, 2017 announcing the retirement of Brian M. Beattie. | |
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.
| SYNOPSYS, INC. | ||||||
| Dated: January 30, 2017 | By: | /S/ JOHN F. RUNKEL, JR. | ||||
| John F. Runkel, Jr. | ||||||
| General Counsel and Corporate Secretary | ||||||
INDEX TO EXHIBITS
| Exhibit |
Exhibit Title | |
| 99.1 | Press release dated January 30, 2017 announcing the retirement of Brian M. Beattie. | |
Exhibit 99.1
NEWS RELEASE
Editorial Contact:
Carole Murchison
Synopsys, Inc.
650-584-4632
carolem@synopsys.com
Investor Contact:
Lisa Ewbank
Synopsys, Inc.
650-584-1901
Synopsys EVP of Business Operations and Chief Administrative Officer
Brian Beattie to Retire in 2017
MOUNTAIN VIEW, Calif., January 30, 2017 – Synopsys, Inc. (Nasdaq:SNPS) today announced that Brian Beattie, EVP of business operations and chief administrative officer, will retire effective December 22, 2017.
Mr. Beattie joined Synopsys in 2006 as chief financial officer and served in that capacity until 2014, when Trac Pham was promoted to CFO and Mr. Beattie assumed the additional responsibilities of CAO. The transition will occur in two phases: Mr. Beattie will remain CAO through the end of the second fiscal quarter, at which time he will transition to an executive advisory position through the end of the calendar year. During his retirement, Mr. Beattie intends to remain active in the technology community and add to his board work at Lattice Semiconductor by joining additional boards and pursuing other professional endeavors.
“Brian has been a strong member of our senior leadership team for the past 11 years,” said Aart de Geus, chairman and co-CEO. “During Brian’s tenure as CFO and CAO, Synopsys’ revenue has more than doubled from $1B to $2.4B, with healthy annual growth. Brian and his team have completed many critical merger and acquisition activities and he has built a strong and effective finance and business operations team capable of scaling as we move forward. We are all grateful for his contributions and wish him well in this next chapter.”
“It has been an honor to serve as the leader of our business operations team and as CFO of Synopsys. I am extremely grateful for the support of the board, our executive team and our employees,” said Mr. Beattie. “Synopsys is a clear Silicon to Software leader, and will continue to succeed due to the incredibly talented individuals at Synopsys. I am proud of what we have accomplished and am excited about Synopsys’ future.”
About Synopsys
Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As the world’s 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you’re a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.
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