UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
(Exact name of Registrant as specified in charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
(Address of principal executive offices) |
Registrant’s telephone number, including area code:
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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading |
Name of each exchange | ||
(par value of $0.01 per share) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events. |
On June 17, 2021, Synopsys, Inc. (“Synopsys”) issued a press release announcing that its board of directors (the “Board”) had replenished Synopsys’ existing stock repurchase program up to $500 million. The program authorizes, but does not obligate, Synopsys to purchase up to $500 million of its common stock, and Synopsys’ chief financial officer or Board may suspend or terminate the program at any time at their sole discretion. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit Number |
Exhibit Title | |
99.1 | Press release dated June 17, 2021 announcing the replenishment of Synopsys’ existing stock repurchase program up to $500 million. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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: June 17, 2021 | By: | /s/ John F. Runkel, Jr. |
||||||
John F. Runkel, Jr. | ||||||||
General Counsel and Corporate Secretary |
Exhibit 99.1
NEWS RELEASE
INVESTOR CONTACT:
Lisa L. Ewbank
Synopsys, Inc.
650-584-1901
Synopsys-ir@synopsys.com
EDITORIAL CONTACT:
Simone Souza
Synopsys, Inc.
650-584-6454
simone@synopsys.com
Synopsys Replenishes Repurchase Authorization up to $500 Million
MOUNTAIN VIEW, Calif. June 17, 2021 Synopsys, Inc. (Nasdaq: SNPS) today announced that its Board of Directors has replenished its existing stock repurchase authorization up to $500 million.
The replenishment of our repurchase authorization reinforces our ongoing commitment to generate sustainable, long-term shareholder value, said Trac Pham, chief financial officer of Synopsys. We continue to execute well on our strategy to balance strategic investments to grow the business, expand margins and return capital to stockholders.
Synopsys Board of Directors originally approved the stock repurchase program in 2002 and has periodically replenished the program as funds are spent. The program does not obligate Synopsys to acquire any particular amount of common stock, and the program may be suspended or terminated at any time by the chief financial officer or the Board of Directors at their sole discretion.
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 an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industrys broadest portfolio of
application security testing tools and services. Whether youre a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing more secure, high-quality code, Synopsys has the solutions needed to deliver innovative products. Learn more at www.synopsys.com.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, statements related to the timing and extent of stock repurchases, if any, and our planned deployment of capital. Forward-looking statements are subject to both known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, among others: fluctuations in the market price of Synopsys common stock and our use of cash for other purposes. Other risks and uncertainties that may apply are set forth in the Risk Factors section of Synopsys most recently filed Quarterly Report on Form 10-Q. Synopsys assumes no obligation to update any forward-looking statement contained in this press release.
###
Document and Entity Information |
Jun. 17, 2021 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | SYNOPSYS INC |
Amendment Flag | false |
Entity Central Index Key | 0000883241 |
Document Type | 8-K |
Document Period End Date | Jun. 17, 2021 |
Entity Incorporation State Country Code | DE |
Entity File Number | 000-19807 |
Entity Tax Identification Number | 56-1546236 |
Entity Address, Address Line One | 690 East Middlefield Road |
Entity Address, City or Town | Mountain View |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 94043 |
City Area Code | (650) |
Local Phone Number | 584-5000 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock(par value of $0.01 per share) |
Trading Symbol | SNPS |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
M-8?20$3;8T.P6BP^0"X99K>]9!:G
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end