secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2022-11-29T23:59:59+00:00
Accession:  0001193125-22-294370
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synopsys appoints Shelagh Glaser as CFO effective Dec 2, 2022; Trac Pham retires
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- Shelagh Glaser joins from Zendesk (CFO 2021-2022); prior 29 years at Intel as VP and CFO of two business units.
- Outgoing CFO Trac Pham announced retirement in Dec 2021; will stay as executive advisor through Dec 2022.
- Glaser receives base salary of $600k, equity grants valued at $12M, and $1.15M relocation assistance.
- Equity grants include $2.5M stock option, $7M in RSUs, and $2.5M performance-based RSU.
- Glaser eligible for annual equity of ~$4M in FY2023 and standard executive benefits and severance plans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312522294370/0001193125-22-294370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312522294370/d395099d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-294370

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