secwatch.observer — SEC 8-K summary
======================================

Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001193125-23-154314
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synopsys initiates $300M accelerated share repurchase with Mizuho
-----------------------------------------------------------------

- ASR with Mizuho Markets Americas LLC to repurchase $300M of Synopsys common stock.
- Initial delivery of ~645,000 shares; final settlement by Aug 11, 2023 based on VWAP.
- Repurchase price based on average daily VWAP during the period less a discount.
- Capital return program expansion; no other material changes disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312523154314/0001193125-23-154314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312523154314/d475194d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-154314

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer