Cadence amends bylaws with procedural updates for director nominations and stockholder actions

CADENCE DESIGN SYSTEMS INC

Enhanced disclosure requirements for stockholder director nominations, including affiliate info and updates.
Removed restrictions on stockholders' ability to take actions by written consent.
Updated indemnification provision for successful defenses and clarified proper forum for disputes.
Amendments align with Delaware General Corporation Law and include technical modernizing revisions.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CADENCE DESIGN SYSTEMS INC: Adopted amended and restated bylaws implementing procedural and disclosure requirements for stockholder director nominations, conforming to Delaware law, removing restrictions on written consent, updating indemnification, and enhancing forum provisions (effective 2023-11-02).

Change: bylaw amendment
Effective: 2023-11-02

Exact text from the filing

On November 2, 2023, the Board of Directors of Cadence Design Systems, Inc. (the “Company”) approved and adopted amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective the same day.

View on SEC.gov

27 governance changes filed in the last 30 days. Browse all governance changes →

CADENCE DESIGN SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000813672-23-000082

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.