Synopsys amends bylaws to let independent directors appoint lead independent director

SYNOPSYS INC

Lead independent director will be appointed solely by the independent directors, not the full board.
Amendment effective March 25, 2024; no other bylaw changes disclosed.
Change is procedural governance update with no financial impact.
Synopsys filed amended and restated bylaws as Exhibit 3.1.

Key facts

Extracted from this filing and checked against the source text.

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

SYNOPSYS INC: Amended bylaws to change appointment of lead independent director from full Board to independent directors (effective 2024-03-25).

Change: bylaw amendment
Effective: 2024-03-25

Exact text from the filing

The Bylaws were updated to provide for the appointment of the lead independent director of the Board (the “ Lead Independent Director ”) by the independent directors of the Board, rather than the full Board, to serve until replaced by the independent directors of the Board, rather than the full Board.

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Source: SEC EDGAR

accession 0001193125-24-076463

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