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AI English summary of an SEC filing — figures as filed

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The company said it filed Amendment No. 1 on Form 8-K/A to attach the correct version of Exhibit 99.2 press release to the Initial Form 8-K it submitted on February 3, 2026, as an incorrect version had been attached.

8-K/ADeparture or Appointment of Directors or Certain Officers (amended)Amended filingFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it filed Amendment No. 1 on Form 8-K/A to attach the correct version of Exhibit 99.2 press release to the Initial Form 8-K it submitted on February 3, 2026, as an incorrect version had been attached.

  2. The company said on February 3, 2026 its board appointed Anirudh Devgan, Ph.D., age 56, as a director, effective immediately, and the board size increased by one. It added that he joined the Innovation and Technology Committee on the same day.

  3. The company said Dr. Devgan has served as chief executive officer of Cadence Design Systems since December 2021 and as president since November 2017. It said director compensation will be consistent with its current policies for non-employee directors and that it is entering into its standard form of indemnification agreement with him.

  4. The company said Patrick J. Lord, Ph.D. is retiring from his position as chief operating officer effective March 6, 2026, and Seshasayee (Sesha) Varadarajan was appointed as executive vice president and chief operating officer, effective the same date.

Summary

AI-written

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

Reason for Amendment to Form 8-K/A

The company said it filed Amendment No. 1 on Form 8-K/A to attach the correct version of Exhibit 99.2 press release to the Initial Form 8-K it submitted on February 3, 2026, as an incorrect version had been attached.

Source · Based on the filing body and exhibits

Appointment of Dr. Anirudh Devgan to Board of Directors

The company said on February 3, 2026 its board appointed Anirudh Devgan, Ph.D., age 56, as a director, effective immediately, and the board size increased by one. It added that he joined the Innovation and Technology Committee on the same day.

Source · Based on the filing body and exhibits

Dr. Devgan's Background and Director Compensation

The company said Dr. Devgan has served as chief executive officer of Cadence Design Systems since December 2021 and as president since November 2017. It said director compensation will be consistent with its current policies for non-employee directors and that it is entering into its standard form of indemnification agreement with him.

Source · Based on the filing body and exhibits

Chief Operating Officer Transition

The company said Patrick J. Lord, Ph.D. is retiring from his position as chief operating officer effective March 6, 2026, and Seshasayee (Sesha) Varadarajan was appointed as executive vice president and chief operating officer, effective the same date.

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.