Cadence said on November 17, 2025 its board of directors appointed Dr. Luc Van den hove as a director, effective January 1, 2026. The company said the committee assignment has not yet been determined.

1. 01

   Cadence said on November 17, 2025 its board of directors appointed Dr. Luc Van den hove as a director, effective January 1, 2026. The company said the committee assignment has not yet been determined.

2. 02

   Cadence said Dr. Van den hove will be granted equity under the 1995 Directors Stock Incentive Plan with a grant date fair value of $82,849, subject to approval by the Compensation Committee.

3. 03

   The company said the equity award will fully vest on the earlier of May 8, 2026 and the date of Cadence's annual meeting of stockholders in 2026, subject to Dr. Van den hove's continued service on the board. It said his cash compensation will be generally consistent with that of Cadence's other non-employee directors and that he will enter into Cadence's standard form of indemnification agreement.

4. 04

   Cadence said Dr. Van den hove has been with imec since its founding in 1984 and has served as president and chief executive officer since 2009. He will continue in that role through March 31, 2026, then transition to chair of imec's board of directors on April 1, 2026.

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Original filing

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