---
schema_version: "secwatch.filing_event.v1"
accession: "0000813672-23-000043"
form_type: "8-K"
ticker: "CDNS"
cik: "0000813672"
company_name: "CADENCE DESIGN SYSTEMS INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:21:57.084678+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cadence board authorizes additional $1B share repurchase

## Summary
- Board approved up to $1B in additional stock buybacks under existing program on August 2, 2023.
- Repurchases may occur via open market, private deals, accelerated or 10b5-1 plans.
- Program has no expiration; company can modify, suspend, or terminate at any time.
- Timing and amount depend on market conditions, stock price, and business factors.

## SEC filing metadata
- accession: 0000813672-23-000043
- form_type: 8-K
- ticker: CDNS
- cik: 0000813672
- company_name: CADENCE DESIGN SYSTEMS INC
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/813672/000081367223000043/0000813672-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/813672/000081367223000043/cdns-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000813672-23-000043
- JSON: https://secwatch.observer/filing/0000813672-23-000043.json
- Plain text: https://secwatch.observer/filing/0000813672-23-000043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.