secwatch.observer — SEC 8-K summary
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Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0000813672-23-000029
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Cadence stockholders approve omnibus equity plan amendment and elect directors at annual meeting
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- All 10 director nominees elected; votes include Anirudh Devgan (225M for), Ita Brennan (200M for).
- Amendment to Omnibus Equity Incentive Plan approved; shares authorized increased by 6.5M (213.9M for, 12.2M against).
- Say-on-pay advisory vote approved (201.2M for, 24.9M against); frequency set at 1 year (224.6M for 1 year).
- Ratification of PricewaterhouseCoopers LLP as independent auditor for FY2023 approved (243.9M for).
- Stockholder proposal to remove one-year holding period for special meetings rejected (211.7M against, 14.2M for).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367223000029/0000813672-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367223000029/cdns-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000813672-23-000029

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