CADENCE DESIGN SYSTEMS INC — fact timeline

CADENCE DESIGN SYSTEMS INC shareholders approved Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-05-07 meeting.

“A proposal to ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm of Cadence for its fiscal year ending December 31, 2026. This proposal was approved as set forth below: For Against Abstain Broker Non-Votes 243,583,173 167,184 608,224 N/A”

CADENCE DESIGN SYSTEMS INC shareholders approved Advisory resolution to approve named executive officer compensation at the 2026-05-07 meeting.

“An advisory resolution to approve named executive officer compensation. This proposal was approved as set forth below: For Against Abstain Broker Non-Votes 195,205,028 29,350,859 1,465,252 18,337,442”

CADENCE DESIGN SYSTEMS INC shareholders approved Approval of the amendment of the Omnibus Equity Incentive Plan at the 2026-05-07 meeting.

“A proposal to approve the amendment of the Omnibus Equity Incentive Plan. This proposal was approved as set forth below: For Against Abstain Broker Non-Votes 216,695,272 8,512,065 813,802 18,337,442”

CADENCE DESIGN SYSTEMS INC shareholders approved Election of eleven directors named in the Proxy Statement to serve until the 2027 Annual Meeting at the 2026-05-07 meeting.

“Each of the eleven (11) director nominees named in the Proxy Statement was elected as set forth below: Nominee For Against Abstain Broker Non-Votes Mark W. Adams 213,641,523 11,871,388 508,228 18,337,442 Ita Brennan 197,550,600 27,957,323 513,216 18,337,442 Lewis Chew 219,522,489 5,976,372 522,278 18,337,442 Anirudh Devgan 223,808,980 1,403,711 808,448 18,337,442 Moshe Gavrielov 223,914,955 1,553,434 552,750 18,337,442 ML Krakauer 220,002,370 5,510,919 507,850 18,337,442 Julia Liuson 221,571,690 3,819,720 629,729 18,337,442 James D. Plummer 218,597,539 6,768,013 655,587 18,337,442 Alberto Sangiovanni-Vincentelli 210,132,429 15,237,989 650,721 18,337,442 Young K. Sohn 220,567,252 4,901,487 552,400 18,337,442 Luc Van den hove 221,687,359 3,825,730 508,050 18,337,442”

CADENCE DESIGN SYSTEMS INC reported First quarter 2026 ended March 31, 2026 results: revenue $1.474 billion, EPS $1.23 GAAP diluted net income per share, $1.96 non-GAAP diluted net income per share. Guidance raised.

“YoY Growth SAN JOSE, Calif. — April 27, 2026 — Cadence (Nasdaq: CDNS) today announced results for the first quarter of 2026. First Quarter 2026 Financial Results • Revenue of $1.474 billion, compared to revenue of $1.242 billion in Q1 2025 • GAAP operating margin of 29.3%, compared to 29.1% in Q1 2025 • Non-GAAP operating margin of 44.7%, compared to 41.7% in Q1”

CADENCE DESIGN SYSTEMS INC shareholders rejected Stockholder proposal regarding vote on golden parachutes.

“7. A stockholder proposal regarding vote on golden parachutes. This proposal was not approved as set forth below:”

CADENCE DESIGN SYSTEMS INC shareholders approved Ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm at the 2024-12-31 meeting.

“6. A proposal to ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm of Cadence for its fiscal year ending December 31, 2024. This proposal was approved as set forth below:”

CADENCE DESIGN SYSTEMS INC shareholders approved Advisory resolution to approve named executive officer compensation.

“5. An advisory resolution to approve named executive officer compensation. This proposal was approved as set forth below:”

CADENCE DESIGN SYSTEMS INC shareholders approved Approve the amendment of the Charter regarding stockholder action by written consent.

“4. A proposal to approve the amendment of the Charter regarding stockholder action by written consent. This proposal was approved as set forth below:”

CADENCE DESIGN SYSTEMS INC shareholders approved Approve the amendment of the Charter to limit monetary liability of certain officers as permitted by law.

“3. A proposal to approve the amendment of the Charter to limit monetary liability of certain officers as permitted by law. This proposal was approved as set forth below:”

CADENCE DESIGN SYSTEMS INC shareholders approved Approval of the amendment and restatement of the Amended and Restated Employee Stock Purchase Plan.

“2. A proposal to approve the amendment and restatement of the Amended and Restated ESPP. This proposal was approved as set forth below:”

CADENCE DESIGN SYSTEMS INC shareholders approved Election of nine directors named in the Proxy Statement.

“1. A proposal to elect the nine directors named in the Proxy Statement to serve until the 2025 Annual Meeting of Stockholders and until their successors are elected and qualified, or until the director’s earlier death, resignation or removal. Each of the nine director nominees named in the Proxy Statement was elected as set forth below:”

Paul Scannell was appointed as Senior Vice President of Worldwide Field Operations at CADENCE DESIGN SYSTEMS INC.

“Paul Scannell has been promoted to Senior Vice President of Worldwide Field Operations.”

Neil Zaman departed as Senior Vice President of Worldwide Field Operations and Chief Revenue Officer at CADENCE DESIGN SYSTEMS INC.

“Effective May 6, 2024, Neil Zaman will no longer serve as Senior Vice President of Worldwide Field Operations and Chief Revenue Officer of Cadence.”

CADENCE DESIGN SYSTEMS INC reported financial results for the quarter ended March 31, 2024.

“Cadence issued a press release announcing its financial results for the quarter ended March 31, 2024”

CADENCE DESIGN SYSTEMS INC reported the first quarter of 2024 results: revenue $1.009 billion, EPS $0.91. Guidance raised.

“Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the first quarter of 2024. First Quarter 2024 Financial Results • Revenue of $1.009 billion, compared to revenue of $1.022 billion in Q1 2023 • GAAP operating margin of 25%, compared to 32% in Q1 2023 • Non-GAAP operating margin of 38%, compared to 42% in Q1 2023 • GAAP diluted net income per share of $0.91, compared to $0.89 in Q1 2023 • Non-GAAP diluted net income per share of $1.17, compared to $1.29 in Q1 2023”

CADENCE DESIGN SYSTEMS INC entered into Share Purchase Agreement with shareholders of BETA CAE Systems International AG valued at $1.24 billion (effective 2024-03-02).

“Cadence Design Systems, Inc., a Delaware corporation (“Cadence”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with the shareholders of BETA CAE Systems International AG”

CADENCE DESIGN SYSTEMS INC reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue $1.069 billion, EPS $1.19. Guidance initiated.

“12, 2024 — Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced results for the fourth quarter and fiscal year 2023. Fourth Quarter 2023 Financial Highlights • Revenue of $1.069 billion, compared to revenue of $900 million in Q4 2022 • GAAP operating margin of 31%, compared to 23% in Q4 2022 • Non-GAAP operating margin of 43%, compared to 36% in Q4 2022 • GAAP”

John B. Shoven retired as Director at CADENCE DESIGN SYSTEMS INC.

“On February 1, 2024, Dr. John B. Shoven, a member of the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (the “Company”), notified the Board of his decision to retire from the Board and not seek re-election at the Company’s 2024 Annual Meeting of Stockholders, when his current term expires.”

CADENCE DESIGN SYSTEMS INC: Adopted amended and restated bylaws implementing procedural and disclosure requirements for stockholder director nominations, conforming to Delaware law, removing restrictions on written consent, updating indemnification, and enhancing forum provisions (effective 2023-11-02).

“On November 2, 2023, the Board of Directors of Cadence Design Systems, Inc. (the “Company”) approved and adopted amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective the same day.”

CADENCE DESIGN SYSTEMS INC reported the third quarter of 2023 results: revenue $1.023 billion, net income $254 million, EPS $0.93 per share on a diluted basis. Guidance raised.

“Cadence reported third quarter 2023 revenue of $1.023 billion”

CADENCE DESIGN SYSTEMS INC reported the quarter ended June 30, 2023 results: revenue $977 million, net income $221 million, EPS $0.81 per share on a diluted basis. Guidance raised.

“Cadence reported second quarter 2023 revenue of $977 million, compared to revenue of $858 million for the same period in 2022. On a GAAP basis, Cadence achieved operating margin of 31 percent and recognized net income of $221 million, or $0.81 per share on a diluted basis, in the second quarter of 2023”

CADENCE DESIGN SYSTEMS INC shareholders rejected Stockholder proposal to remove the one-year holding period requirement to call a special stockholder meeting at the 2023-05-04 meeting.

“6. A stockholder proposal to remove the one-year holding period requirement to call a special stockholder meeting. This proposal was not approved as set forth below: For Against Abstain Broker Non-Votes 14,171,818 211,723,224 483,795 17,871,396”

CADENCE DESIGN SYSTEMS INC shareholders approved Ratification of the selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-04 meeting.

“5. A proposal to ratify the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm of Cadence for its fiscal year ending December 31, 2023. This proposal was approved as set forth below: For Against Abstain Broker Non-Votes 243,918,188 185,601 146,444 N/A”

CADENCE DESIGN SYSTEMS INC shareholders approved Advisory vote on the frequency of the advisory vote on named executive officer compensation at the 2023-05-04 meeting.

“4. An advisory vote on the frequency of the advisory vote on named executive officer compensation. A frequency of “1 Year” was approved as set forth below: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 224,605,495 119,080 1,504,951 149,311 17,871,396”

CADENCE DESIGN SYSTEMS INC shareholders approved Advisory resolution to approve named executive officer compensation at the 2023-05-04 meeting.

“3. An advisory resolution to approve named executive officer compensation. This proposal was approved as set forth below: For Against Abstain Broker Non-Votes 201,155,587 24,903,646 319,604 17,871,396”

CADENCE DESIGN SYSTEMS INC shareholders approved Approval of the amendment of the Omnibus Equity Incentive Plan at the 2023-05-04 meeting.

“2. A proposal to approve the amendment of the Omnibus Equity Incentive Plan. This proposal was approved as set forth below: For Against Abstain Broker Non-Votes 213,949,432 12,238,787 190,618 17,871,396”

CADENCE DESIGN SYSTEMS INC shareholders approved Election of ten directors named in the Proxy Statement to serve until the 2024 Annual Meeting at the 2023-05-04 meeting.

“1. A proposal to elect the ten (10) directors named in the Proxy Statement to serve until the 2024 Annual Meeting of Stockholders and until their successors are elected and qualified, or until the director’s earlier death, resignation or removal. Each of the ten (10) director nominees named in the Proxy Statement was elected as set forth below: Nominee For Against Abstain Broker Non-Votes Mark W. Adams 218,997,560 7,174,743 206,534 17,871,396 Ita Brennan 200,191,182 25,982,820 204,835 17,871,396 Lewis Chew 225,763,535 439,996 175,306 17,871,396 Anirudh Devgan 225,062,683 1,152,076 164,078 17,871,396 ML Krakauer 218,691,974 7,503,463 183,400 17,871,396 Julia Liuson 220,848,074 5,331,979 198,784 17,871,396 Dr. James D. Plummer 218,758,466 7,222,430 397,941 17,871,396 Dr. Alberto Sangiovanni-Vincentelli 218,192,766 8,024,433 161,638 17,871,396 Dr. John B. Shoven 216,253,281 9,747,546 378,010 17,871,396 Young K. Sohn 224,822,537 1,365,367 190,933 17,871,396”

CADENCE DESIGN SYSTEMS INC reported Fiscal year 2023 results: revenue $4.03 billion to $4.07 billion, EPS $3.26 to $3.34. Guidance raised.

“For fiscal year 2023, the company expects total revenue in the range of $4.03 billion to $4.07 billion. On a GAAP basis, operating margin for 2023 is expected to be in the range of 30 percent to 31 percent and GAAP net income per diluted share for 2023 is expected to be in the range of $3.26 to $3.34.”

CADENCE DESIGN SYSTEMS INC reported First quarter 2023 results: revenue $1.022 billion, net income $242 million, EPS $0.89.

“Cadence reported first quarter 2023 revenue of $1.022 billion, compared to revenue of $902 million for the same period in 2022. On a GAAP basis, Cadence achieved operating margin of 32 percent and recognized net income of $242 million, or $0.89 per share on a diluted basis, in the first quarter of 2023”

Lip-Bu Tan departed as Executive Chair at CADENCE DESIGN SYSTEMS INC.

“On February 8, 2023, Lip-Bu Tan, the Executive Chair of the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (the “Company”), notified the Board that he will not seek re-election to the Board at the Company’s 2023 Annual Meeting of Stockholders, when his current term as Executive Chair expires.”

CADENCE DESIGN SYSTEMS INC reported the quarter and fiscal year ended December 31, 2022 results: revenue $900 million, net income $240 million, EPS $0.88 per share on a diluted basis.

“Cadence reported 2022 revenue of $3.562 billion, compared to revenue of $2.988 billion for 2021. On a GAAP basis, Cadence achieved operating margin of 30 percent and recognized net income of $849 million, or $3.09 per share on a diluted basis, in 2022”

Mary Louise Krakauer was elected as director at CADENCE DESIGN SYSTEMS INC.

“On January 31, 2022, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) elected Mary Louise (ML) Krakauer as a director of Cadence, effective immediately.”

John Shoven was appointed as lead independent director at CADENCE DESIGN SYSTEMS INC.

“appointed John Shoven, Ph.D., the Board’s current Chairman, to serve as the lead independent director of the Board, effective as of the Transition Effective Date.”

Anirudh Devgan was appointed as director at CADENCE DESIGN SYSTEMS INC.

“approved an increase in the size of the Board from nine to ten directors, and appointed Dr. Devgan as a director, each effective as of August 2, 2021”

Anirudh Devgan was appointed as President and Chief Executive Officer at CADENCE DESIGN SYSTEMS INC.

“appointed Anirudh Devgan, Ph.D., currently the Company’s President, as President and Chief Executive Officer of the Company effective December 15, 2021”

Lip-Bu Tan changed role as Executive Chair at CADENCE DESIGN SYSTEMS INC.

“will assume the position of Executive Chair of the Company as of the Transition Effective Date.”

Lip-Bu Tan departed as Chief Executive Officer at CADENCE DESIGN SYSTEMS INC.

“Dr. Devgan will replace Lip-Bu Tan, who will step down as Chief Executive Officer of the Company and will assume the position of Executive Chair of the Company as of the Transition Effective Date.”