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
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Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) | On November 30, 2020, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) elected Julia Liuson as a director of Cadence, and appointed Ms. Liuson to the Strategy Committee of the Board, in each case effective January 4, 2021. |
The compensation of Ms. Liuson will be consistent with Cadence’s compensation of its other non-employee directors in effect from time to time and as described in Cadence’s definitive proxy statement filed with the Securities and Exchange Commission on March 20, 2020. Ms. Liuson will be granted an incentive stock award with a grant date fair value of $21,284.15 under Cadence’s 1995 Directors Stock Incentive Plan, which will fully vest on February 14, 2021. Ms. Liuson will receive such grant in connection with her initial election to the Board and for her service on the Board for a portion of 2021. Ms. Liuson has also entered into Cadence’s standard indemnification agreement.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit |
Description | |
99.01 | Cadence Design Systems, Inc. Press Release dated December 1, 2020. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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: December 1, 2020
CADENCE DESIGN SYSTEMS, INC. | ||
By: | /s/ Alinka Flaminia | |
Alinka Flaminia | ||
Senior Vice President, Chief Legal Officer & Corporate Secretary |
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