Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
SNPS > SEC Filings for SNPS > Form 8-K on 18-Dec-2012All Recent SEC Filings

Show all filings for SYNOPSYS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for SYNOPSYS INC


18-Dec-2012

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) Change in Compensatory Arrangements

On May 21, 2012, Dr. Chi-Foon Chan was promoted from Chief Operating Officer and President of Synopsys, Inc. ("Synopsys") to Co-Chief Executive Officer and President, as described in more detail in the Current Report on Form 8-K filed by Synopsys with the Securities and Exchange Commission on May 23, 2012. No changes were made to his compensation at that time.

On December 12, 2012, the Compensation Committee of the Board of Directors of Synopsys (the "Compensation Committee") met and approved changes to the compensation of Dr. Chan as well as for Dr. Aart de Geus, Synopsys' other Co-Chief Executive Officer, for Synopsys' fiscal year 2013, to reflect their Co-Chief Executive Officer roles. Dr. Chan's base salary was increased from $450,000 to $500,000 for fiscal year 2013, commensurate with Dr. de Geus' salary. Dr. Chan's target cash incentive payment under Synopsys' Executive Incentive Plan 162(m) ("EIP"), which is cash compensation that can be earned upon the achievement of certain performance goals and is expressed as a percentage of base salary, was increased from 170% to 220%. At Dr. de Geus' request, the Compensation Committee decreased Dr. de Geus' target cash incentive payment under the EIP from 240% to 220% of base salary, to match Dr. Chan's target cash incentive payment.


  Add SNPS to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for SNPS - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2013 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.