{"schema_version":"secwatch.filing_event.v1","accession":"0000813672-24-000100","form_type":"8-K","ticker":"CDNS","cik":"0000813672","company_name":"CADENCE DESIGN SYSTEMS INC","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.051357+00:00","generated_at":"2026-06-02T22:38:16.783968+00:00","sec_items":["3.03","5.07","5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Cadence CRO Neil Zaman departs; Paul Scannell promoted to SVP Worldwide Field Operations","bullets":["Neil Zaman steps down as SVP WW Field Ops and CRO effective May 6; becomes Senior Advisor through May 12, 2025.","Paul Scannell promoted to SVP WW Field Ops, effective May 6, 2024.","Stockholders approved charter amendments: written consent modifications and officer liability limit.","All nine director nominees elected; advisory say-on-pay and PwC ratifications approved.","Shareholder golden parachute proposal rejected with 93% of votes against."],"urls":{"canonical":"https://secwatch.observer/filing/0000813672-24-000100","json":"https://secwatch.observer/filing/0000813672-24-000100.json","markdown":"https://secwatch.observer/filing/0000813672-24-000100.md","text":"https://secwatch.observer/filing/0000813672-24-000100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/cdns-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T22:38:16.783968+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":"2e7db55efb","claim":"Paul Scannell was appointed as Senior Vice President of Worldwide Field Operations at CADENCE DESIGN SYSTEMS INC.","evidence_excerpt":"Paul Scannell has been promoted to Senior Vice President of Worldwide Field Operations.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"promoted"},{"label":"Role","value":"Senior Vice President of Worldwide Field Operations"}],"fact_type":"executive_change"},{"claim_id":"f182f8e50f","claim":"Neil Zaman departed as Senior Vice President of Worldwide Field Operations and Chief Revenue Officer at CADENCE DESIGN SYSTEMS INC.","evidence_excerpt":"Effective May 6, 2024, Neil Zaman will no longer serve as Senior Vice President of Worldwide Field Operations and Chief Revenue Officer of Cadence.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Senior Vice President of Worldwide Field Operations and Chief Revenue Officer"}],"fact_type":"executive_change"},{"claim_id":"20e8efce0f78df6613d57fb169da6775808d6c5b","claim":"CADENCE DESIGN SYSTEMS INC shareholders approved Approve the amendment of the Charter to limit monetary liability of certain officers as permitted by law.","evidence_excerpt":"3. A proposal to approve the amendment of the Charter to limit monetary liability of certain officers as permitted by law. This proposal was approved as set forth below:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"2af868f647c99294bc102abfa74a242c7bcf83fc","claim":"CADENCE DESIGN SYSTEMS INC shareholders approved Ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm at the 2024-12-31 meeting.","evidence_excerpt":"6. A proposal to ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm of Cadence for its fiscal year ending December 31, 2024. This proposal was approved as set forth below:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-12-31"}],"fact_type":"shareholder_vote"},{"claim_id":"3273a7639ae6721af8c6a49700d374712a01b24a","claim":"CADENCE DESIGN SYSTEMS INC shareholders approved Election of nine directors named in the Proxy Statement.","evidence_excerpt":"1. A proposal to elect the nine directors named in the Proxy Statement to serve until the 2025 Annual Meeting of Stockholders and until their successors are elected and qualified, or until the director’s earlier death, resignation or removal. Each of the nine director nominees named in the Proxy Statement was elected as set forth below:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"7f51b03f14c1b5881afaa7928fa39dbcccdb596b","claim":"CADENCE DESIGN SYSTEMS INC shareholders approved Approval of the amendment and restatement of the Amended and Restated Employee Stock Purchase Plan.","evidence_excerpt":"2. A proposal to approve the amendment and restatement of the Amended and Restated ESPP. This proposal was approved as set forth below:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"8a917e17082520a08956cc961b92ddefa13075c5","claim":"CADENCE DESIGN SYSTEMS INC shareholders approved Advisory resolution to approve named executive officer compensation.","evidence_excerpt":"5. An advisory resolution to approve named executive officer compensation. This proposal was approved as set forth below:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"ca9fb2bb7d5aa3400463d79b5bc79f8ac8fd2707","claim":"CADENCE DESIGN SYSTEMS INC shareholders approved Approve the amendment of the Charter regarding stockholder action by written consent.","evidence_excerpt":"4. A proposal to approve the amendment of the Charter regarding stockholder action by written consent. This proposal was approved as set forth below:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"d475bcb205adbf32cf1c14e66296e82d03d6d25f","claim":"CADENCE DESIGN SYSTEMS INC shareholders rejected Stockholder proposal regarding vote on golden parachutes.","evidence_excerpt":"7. A stockholder proposal regarding vote on golden parachutes. This proposal was not approved as set forth below:","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"failed"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}