Synopsys amends bylaws: lowers special meeting threshold to 15% of outstanding shares

SYNOPSYS INC

Reduced requisite percentage to call special stockholder meeting from 20% to 15% of outstanding shares.
Clarified disclosure and procedural requirements for stockholder director nominations.
Adopted administrative changes aligning with SEC universal proxy rules and recent Delaware law updates.
Other minor clarifying and conforming changes made to the bylaws.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SYNOPSYS INC: Amended and restated Bylaws to lower special meeting request threshold from 20% to 15%, clarify director nomination procedures, adopt universal proxy rules, and reflect DGCL changes (effective 2023-12-12).

Change: bylaw amendment
Effective: 2023-12-12

Exact text from the filing

on December 12, 2023, Synopsys’ Board of Directors

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Source: SEC EDGAR

accession 0001193125-23-294381

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