Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On September 13, 2021, the Board of Directors of Synopsys, Inc. ("Synopsys")
appointed Sassine Ghazi, currently Chief Operating Officer of Synopsys, as
President and Chief Operating Officer of Synopsys, effective as of November 1,
2021.
Mr. Ghazi, age 51, joined Synopsys in March 1998 as an Application Engineer, and
prior to his appointment as Chief Operating Officer, 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 connection with his prior appointment as Chief Operating Officer, Synopsys
previously entered 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.
Chi-Foon Chan will transition from his role of President of Synopsys as of
November 1, 2021, and will continue as co-Chief Executive Officer until
April 30, 2022.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Exhibit Title
99.1 Press release dated September 13, 2021 announcing the appointment of
Sassine Ghazi as the President and Chief Operating Officer of
Synopsys, Inc., effective November 1, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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