secwatch.observer — SEC 8-K summary
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Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0000813672-22-000006
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadence Design Systems appoints Mary Louise Krakauer to Board of Directors
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- Mary Louise Krakauer elected effective Jan 31, 2022; serves on boards of Xilinx, Mercury Systems, DXC, Proterra.
- Received incentive stock award with grant date fair value of $13,013.70, fully vesting Feb 25, 2022.
- Compensation consistent with other non-employee directors as described in March 2021 proxy statement.
- Krakauer was EVP/CIO at Dell and held executive roles at EMC, Hewlett-Packard Enterprise, Compaq.
- Appointment supports Cadence's Intelligent System Design strategy; executive chairman Lip-Bu Tan commented.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367222000006/0000813672-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367222000006/cdns-20220131.htm
  HTML page:      https://secwatch.observer/filing/0000813672-22-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer