secwatch.observer — SEC 8-K summary
======================================

Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0000813672-22-000032
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadence Design Systems announces $100M accelerated share repurchase agreement
-----------------------------------------------------------------------------

- Entered ASR with Royal Bank of Canada to repurchase $100M of common stock.
- Initial delivery of approx 489,000 shares; remainder settled in Q3 2022.
- Final price based on daily VWAP during term less a discount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367222000032/0000813672-22-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367222000032/cdns-20220621.htm
  HTML page:      https://secwatch.observer/filing/0000813672-22-000032

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