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AI English summary of an SEC filing — figures as filed

Cadence Design Systems logoCadence Design Systems CDNS

Cadence said all 10 director nominees were elected at its annual meeting on May 8, 2025, to serve until the 2026 annual meeting. Mark W. Adams received 178,887,412 votes for and 44,130,652 against.

8-KSubmission of Matters to a Vote of Security HoldersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Cadence said all 10 director nominees were elected at its annual meeting on May 8, 2025, to serve until the 2026 annual meeting. Mark W. Adams received 178,887,412 votes for and 44,130,652 against.

  2. The company said stockholders approved the advisory resolution on named executive officer compensation. There were 197,054,174 votes for, 25,520,573 against and 777,337 abstentions.

  3. The company said stockholders approved the selection of PricewaterhouseCoopers LLP as independent auditor for the fiscal year ending December 31, 2025, with 240,625,488 votes for. A stockholder proposal on political spending was not approved, with 98,107,834 votes for and 121,659,337 against.

  4. Cadence said its board of directors approved on May 8, 2025 the repurchase of up to an additional $1.5 billion of common stock under its existing share repurchase program. It said the program has no expiration date and may be modified, suspended or terminated at any time without prior notice.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Cadence Elects 10 Directors on May 8, 2025

Cadence said all 10 director nominees were elected at its annual meeting on May 8, 2025, to serve until the 2026 annual meeting. Mark W. Adams received 178,887,412 votes for and 44,130,652 against.

Source · Based on the filing body and exhibits

Stockholders Approve Executive Pay Advisory Vote

The company said stockholders approved the advisory resolution on named executive officer compensation. There were 197,054,174 votes for, 25,520,573 against and 777,337 abstentions.

Source · Based on the filing body and exhibits

Stockholders Approve Auditor, Reject Proposal

The company said stockholders approved the selection of PricewaterhouseCoopers LLP as independent auditor for the fiscal year ending December 31, 2025, with 240,625,488 votes for. A stockholder proposal on political spending was not approved, with 98,107,834 votes for and 121,659,337 against.

Source · Based on the filing body and exhibits

Additional Buyback of Up to $1.5 billion Approved

Cadence said its board of directors approved on May 8, 2025 the repurchase of up to an additional $1.5 billion of common stock under its existing share repurchase program. It said the program has no expiration date and may be modified, suspended or terminated at any time without prior notice.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.