--- 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" generated_at: "2026-06-02T22:38:16.783968+00:00" event_type: "leadership" sentiment: "negative" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Cadence CRO Neil Zaman departs; Paul Scannell promoted to SVP Worldwide Field Operations ## Summary - 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. ## SEC filing metadata - 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 - event_type: leadership - sentiment: negative - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 3.03, 5.07, 5.02, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000813672-24-000100 - JSON: https://secwatch.observer/filing/0000813672-24-000100.json - Plain text: https://secwatch.observer/filing/0000813672-24-000100.txt ## Key facts - Executive change Paul Scannell was appointed as Senior Vice President of Worldwide Field Operations at CADENCE DESIGN SYSTEMS INC. - Action: promoted - Role: Senior Vice President of Worldwide Field Operations source text: Paul Scannell has been promoted to Senior Vice President of Worldwide Field Operations. evidence_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm - Executive change Neil Zaman departed as Senior Vice President of Worldwide Field Operations and Chief Revenue Officer at CADENCE DESIGN SYSTEMS INC. - Action: departed - Role: Senior Vice President of Worldwide Field Operations and Chief Revenue Officer source text: 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_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm - Shareholder Votes CADENCE DESIGN SYSTEMS INC shareholders approved Approve the amendment of the Charter to limit monetary liability of certain officers as permitted by law. - Proposal: charter amendment - Outcome: passed source text: 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_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm - Shareholder Votes 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. - Proposal: auditor ratification - Outcome: passed - Meeting: 2024-12-31 source text: 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_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm - Shareholder Votes CADENCE DESIGN SYSTEMS INC shareholders approved Election of nine directors named in the Proxy Statement. - Proposal: director election - Outcome: passed source text: 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_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm - Shareholder Votes CADENCE DESIGN SYSTEMS INC shareholders approved Approval of the amendment and restatement of the Amended and Restated Employee Stock Purchase Plan. - Proposal: equity plan - Outcome: passed source text: 2. A proposal to approve the amendment and restatement of the Amended and Restated ESPP. This proposal was approved as set forth below: evidence_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm - Shareholder Votes CADENCE DESIGN SYSTEMS INC shareholders approved Advisory resolution to approve named executive officer compensation. - Proposal: say on pay - Outcome: passed source text: 5. An advisory resolution to approve named executive officer compensation. This proposal was approved as set forth below: evidence_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm - Shareholder Votes CADENCE DESIGN SYSTEMS INC shareholders approved Approve the amendment of the Charter regarding stockholder action by written consent. - Proposal: charter amendment - Outcome: passed source text: 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_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm - Shareholder Votes CADENCE DESIGN SYSTEMS INC shareholders rejected Stockholder proposal regarding vote on golden parachutes. - Outcome: failed source text: 7. A stockholder proposal regarding vote on golden parachutes. This proposal was not approved as set forth below: evidence_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000100/0000813672-24-000100-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.