Cadence Design : Material Event (Form 8-K)

Other Events

On August 4, 2021, the board of directors of the Cadence Design Systems, Inc. (the 'Corporation') approved the repurchase of up to an additional $1 billion of the Corporation's common stock under its existing share repurchase program. The Corporation may repurchase shares from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The actual timing and amount of future repurchases are subject to business and market conditions, corporate and regulatory requirements, stock price, acquisition opportunities and other factors. The share repurchase program does not have an expiration date and may be modified, suspended or terminated by the Corporation at any time without prior notice.