---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-294381"
form_type: "8-K"
ticker: "SNPS"
cik: "0000883241"
company_name: "SYNOPSYS INC"
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:52:17.766821+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-294381
- form_type: 8-K
- ticker: SNPS
- cik: 0000883241
- company_name: SYNOPSYS INC
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/883241/000119312523294381/0001193125-23-294381-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/883241/000119312523294381/d602070d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-294381
- JSON: https://secwatch.observer/filing/0001193125-23-294381.json
- Plain text: https://secwatch.observer/filing/0001193125-23-294381.txt

## Key facts
- Governance Changes
  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
  source text: on December 12, 2023, Synopsys’ Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/883241/000119312523294381/0001193125-23-294381-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.