CADENCE DESIGN SYSTEMS INC false 0000813672 0000813672 2021-05-06 2021-05-06

 

 

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 6, 2021

 

 

CADENCE DESIGN SYSTEMS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Delaware   000-15867   00-0000000

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

2655 Seely Avenue, 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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange

on which registered

Common Stock, $0.01 par value per share   CDNS   Nasdaq Global Select Market

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 5.07.

Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Stockholders of Cadence Design Systems, Inc. (“Cadence”) was held on May 6, 2021 (the “2021 Annual Meeting”). At the 2021 Annual Meeting, Cadence stockholders voted on the following proposals, which are described in detail in the Proxy Statement:

 

  1.

A proposal to elect the nine (9) directors named in the Proxy Statement to serve until the 2022 Annual Meeting of Stockholders and until their successors are elected and qualified, or until the director’s earlier death, resignation or removal. Each of the nine (9) director nominees named in the Proxy Statement was elected as set forth below:

 

Nominee

   For      Against      Abstain      Broker
Non-Votes
 

Mark W. Adams

     170,088,358        61,654,693        183,133        16,668,470  

Ita Brennan

     231,065,754        688,289        172,141        16,668,470  

Lewis Chew

     230,969,405        745,619        211,160        16,668,470  

Julia Liuson

     231,408,572        340,337        177,275        16,668,470  

Dr. James D. Plummer

     210,329,936        21,427,432        168,816        16,668,470  

Dr. Alberto Sangiovanni-Vincentelli

     214,669,000        17,107,835        149,349        16,668,470  

Dr. John B. Shoven

     207,665,862        24,108,080        152,242        16,668,470  

Young K. Sohn

     230,618,150        1,072,647        235,387        16,668,470  

Lip-Bu Tan

     224,616,660        7,193,734        115,790        16,668,470  

 

  2.

An advisory resolution to approve named executive officer compensation. This proposal was approved as set forth below:

 

For

  

Against

  

Abstain

  

Broker Non-Votes

208,701,311

   23,033,641    191,232    16,668,470

 

  3.

A proposal to ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm of Cadence for its fiscal year ending January 1, 2022. This proposal was approved as set forth below:

 

For

  

Against

  

Abstain

  

Broker Non-Votes

247,952,550

   525,359    116,745    0

 

  4.

A stockholder proposal regarding written consents. This proposal was not approved as set forth below:

 

For

  

Against

  

Abstain

  

Broker Non-Votes

88,497,825

   143,012,740    415,619    16,668,470

 

2


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: May 7, 2021

 

CADENCE DESIGN SYSTEMS, INC.
By:  

/s/ Alinka Flaminia

  Alinka Flaminia
  Senior Vice President, Chief Legal Officer and Secretary

 

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