secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001193125-23-205023
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synopsys appoints Trimble CEO Rob Painter to Board of Directors
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- Board expanded from 9 to 10; Painter appointed effective August 4, 2023.
- Painter is President & CEO of Trimble (TRMB); prior CFO 2016-2019; led revenue growth from $940M to $3.67B.
- Initial RSU $350k (3-year vest) + prorated interim RSU $175k; annual cash retainer $125k.
- Determined independent under Nasdaq rules; no familial or transactional relationships disclosed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312523205023/0001193125-23-205023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312523205023/d542429d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-205023

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