{"schema_version":"secwatch.filing_event.v1","accession":"0000813672-23-000013","form_type":"8-K","ticker":"CDNS","cik":"0000813672","company_name":"CADENCE DESIGN SYSTEMS INC","filed_at":"2023-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.161247+00:00","generated_at":"2026-06-19T17:00:36.048454+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Executive Chair Lip-Bu Tan not seeking re-election to Cadence board; stays through March 2024","bullets":["Lip-Bu Tan notified the Board on Feb 8, 2023 he will not stand for re-election at the 2023 Annual Meeting.","He will continue as a non-officer employee until March 31, 2024 under the Tan Transition Agreement.","The Tan Transition Agreement was previously filed on Dec 17, 2021 as Exhibit 10.2 to Form 8-K/A."],"urls":{"canonical":"https://secwatch.observer/filing/0000813672-23-000013","json":"https://secwatch.observer/filing/0000813672-23-000013.json","markdown":"https://secwatch.observer/filing/0000813672-23-000013.md","text":"https://secwatch.observer/filing/0000813672-23-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000013/0000813672-23-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000013/cdns-20230208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T17:00:36.048454+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a23a31d2ae","claim":"Lip-Bu Tan departed as Executive Chair at CADENCE DESIGN SYSTEMS INC.","evidence_excerpt":"On February 8, 2023, Lip-Bu Tan, the Executive Chair of the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (the “Company”), notified the Board that he will not seek re-election to the Board at the Company’s 2023 Annual Meeting of Stockholders, when his current term as Executive Chair expires.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367223000013/0000813672-23-000013-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not seek re-election"},{"label":"Role","value":"Executive Chair"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}