Synopsys appoints Luis Borgen and Marc Casper to board, expands from 8 to 10 directors

SYNOPSYS INC

Board expanded from 8 to 10 members; Borgen and Casper appointed as independent directors effective immediately.
Luis Borgen most recently CFO of athenahealth; Marc Casper is chairman, president, and CEO of Thermo Fisher Scientific.
Each new director receives $125,000 annual cash retainer and initial equity grants (stock option $350k FMV, restricted stock $175k prorated).
Board expects to assign each to board committees at a later date; standard indemnification agreements entered.
CEO Aart de Geus cites their operational experience to help scale Synopsys to $5 billion and beyond.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Marc Casper

Director

SNPS · SYNOPSYS INC

Effective: 2022-05-23
Filed: May 25, 2022, 7:59 PM ET

the Board of Directors (the “ Board ”) of Synopsys, Inc. (“ Synopsys ”) increased the size of the Board from eight to ten directors and appointed Luis Borgen and Marc Casper (each an “ Appointee ” and together, the “ Appointees ”) to serve as directors effective immediately.

Appointed

Luis Borgen

Director

SNPS · SYNOPSYS INC

Effective: 2022-05-23
Filed: May 25, 2022, 7:59 PM ET

the Board of Directors (the “ Board ”) of Synopsys, Inc. (“ Synopsys ”) increased the size of the Board from eight to ten directors and appointed Luis Borgen and Marc Casper (each an “ Appointee ” and together, the “ Appointees ”) to serve as directors effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Marc Casper was appointed as Director at SYNOPSYS INC.

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors (the “ Board ”) of Synopsys, Inc. (“ Synopsys ”) increased the size of the Board from eight to ten directors and appointed Luis Borgen and Marc Casper (each an “ Appointee ” and together, the “ Appointees ”) to serve as directors effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Luis Borgen was appointed as Director at SYNOPSYS INC.

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors (the “ Board ”) of Synopsys, Inc. (“ Synopsys ”) increased the size of the Board from eight to ten directors and appointed Luis Borgen and Marc Casper (each an “ Appointee ” and together, the “ Appointees ”) to serve as directors effective immediately.

View on SEC.gov

SYNOPSYS INC filing history →

Source: SEC EDGAR

accession 0001193125-22-159178

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