other material
confidence high
sentiment positive
materiality 0.65
Cadence Design Systems board approves $1.5B share repurchase authorization
CADENCE DESIGN SYSTEMS INC
- Board approved repurchase of up to $1.5B of common stock under existing program; no expiration date.
- All ten director nominees elected with majority support; say-on-pay approved with ~87% for.
- Stockholder proposal on political spending not approved: 121.7M against vs 98.1M for.
- Repurchases may be made through open market, block trades, or Rule 10b5-1 plans.