secwatch.observer — SEC 8-K summary
======================================

Issuer:     SYNOPSYS INC (SNPS)
CIK:        0000883241
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001193125-26-059438
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Synopsys appoints former Deloitte interim CEO Peter Shimer to board; Borgen, Gopal not renominated
--------------------------------------------------------------------------------

- Peter A. Shimer appointed to board and audit committee, effective Feb 14, 2026.
- Shimer was Deloitte interim CEO, COO, CFO; led revenue growth to $30B.
- Shimer receives $140K cash retainer, $350K initial RSU (3-year vest), $200K interim RSU.
- Luis Borgen and Dr. Ajei Gopal not renominated; will serve until 2026 annual meeting.
- Board expanded from 11 to 12 directors for Shimer's appointment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883241/000119312526059438/0001193125-26-059438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883241/000119312526059438/d78071d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-059438

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