Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

(d) The Board of Directors (the "Board") of Cadence Design Systems, Inc.


    ("Cadence") have elected Ita Brennan and Lewis Chew to the Board of Cadence,
    and appointed each of them to the Audit Committee of the Board, effective
    March 15, 2020.

The compensation of Ms. Brennan and Mr. Chew will be consistent with Cadence's compensation of its other non-employee directors in effect from time to time and as described in Cadence's definitive proxy statement filed with the Securities and Exchange Commission on March 22, 2019. Ms. Brennan and Mr. Chew were each granted an incentive stock award with a grant date fair value of $174,945.36 under Cadence's 1995 Directors Stock Incentive Plan, which will vest on February 14, 2021. Ms. Brennan and Mr. Chew received such grant in connection with their initial election to the Board and for the portion of 2020 during which they will serve on the Board. Ms. Brennan and Mr. Chew have also entered into Cadence's standard indemnification agreement.

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits.


Exhibit
  No.          Description

   99.01         Cadence Design Systems, Inc. Press Release dated March 16, 2020.

   104         Cover Page Interactive Data File (embedded within the Inline XBRL
               document).


                                       2

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses