Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(d) Appointment of Principal Operating Officer
On August 17, 2020, Sassine Ghazi was promoted to Chief Operating Officer of
Synopsys, Inc. ("Synopsys") and was appointed by Synopsys' Board of Directors as
its principal operating officer, effective immediately.
Mr. Ghazi, age 50, joined Synopsys in March 1998 as an Application Engineer and
most recently served as General Manager of the Design Group. Prior to joining
Synopsys, Mr. Ghazi was a design engineer at Intel. Mr. Ghazi received his
bachelor's degree in Business Administration from Lebanese American University;
a B.S.E.E from the Georgia Institute of Technology in 1993; and an M.S.E.E. from
the University of Tennessee in 1995.
There are no arrangements or understandings between Mr. Ghazi and any other
persons pursuant to which Mr. Ghazi was named an officer of Synopsys. Mr. Ghazi
does not have any family relationship with any of Synopsys' directors or
executive officers or any persons nominated or chosen by Synopsys to be a
director or executive officer. Mr. Ghazi has no direct or indirect material
interest in any transaction or proposed transaction required to be reported
under Section 404(a) of Regulation S-K or Item 5.02(d) of Form 8-K.
In accordance with Synopsys' customary practice, Synopsys is entering into its
standard form of indemnification agreement with Mr. Ghazi, which requires
Synopsys to indemnify him against certain liabilities that may arise as result
of his status or service as an officer. The description of Mr. Ghazi's
indemnification agreement is qualified in its entirety by the full text of the
form of indemnification agreement, which is attached to Synopsys' Form 8-K filed
on July 14, 2011 as Exhibit 99.2.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Exhibit Title
99.1 Press release dated August 19, 2020 announcing the appointment of
Sassine Ghazi as the Chief Operating Officer of Synopsys, Inc.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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