secwatch.observer — SEC 8-K summary
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Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001193125-23-214352
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synopsys CEO Aart de Geus to step down Jan 1, 2024; COO Sassine Ghazi to become CEO
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- Sassine Ghazi promoted from President/COO to President and CEO, effective Jan 1, 2024; also appointed to board Aug 13, 2023.
- Aart de Geus transitions to Executive Chair, continuing board role; founded Synopsys in 1986.
- Succession follows multi-year planning process; Ghazi has 25 years at Synopsys, previously engineer at Intel.
- Board expanded from 10 to 11 directors to accommodate Ghazi's appointment.
- Compensation terms for de Geus and Ghazi to be disclosed later via amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312523214352/0001193125-23-214352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312523214352/d529777d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-214352

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