ANSYS, INC. (NASDAQ:ANSS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 1, 2017, ANSYS, Inc. (the Company) entered into an
agreement and general release with Walid Abu-Hadba, to which
Mr.Abu-Hadba, as previously announced, resigned as the Companys
Chief Product Officer effective as of May 1, 2017. The agreement
and general release provides for, among other things, (i)a cash
separation payment equal to approximately $202,894, (ii)a general
release of claims by Mr.Abu-Hadba in favor of the Company and
(iii)the termination of all of Mr.Abu-Hadbas outstanding unvested
equity awards.
The foregoing summary of the agreement and general release and
its terms is qualified in its entirety by reference to the
agreement and general release, a copy of which is filed hereto as
Exhibit 10.1 and is incorporated herein by reference.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
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Exhibit No. |
Description |
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| 10.1 |
Agreement and General Release by and between the Company and Walid Abu-Hadba, dated May 1, 2017. |
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About ANSYS, INC. (NASDAQ:ANSS)
ANSYS, Inc. develops and markets engineering simulation software and services used by engineers, designers and students across industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors. The Company distributes its ANSYS suite of simulation technologies through a network of independent resellers and distributors, channel partners and direct sales offices across the world. The Company’s product portfolio consists of ANSYS Workbench, Structures, Fluids, Electronics, Multiphysics, Embedded Software, Systems, 3-D Direct Modeling and Academic. ANSYS Workbench is the framework upon which the Company’s suite of engineering simulation technologies is built. Its fluids product suite enables modeling of fluid flow and other related physical phenomena. Its electronics product suite provides field simulation software for designing electronic and electromechanical products. ANSYS, INC. (NASDAQ:ANSS) Recent Trading Information
ANSYS, INC. (NASDAQ:ANSS) closed its last trading session up +0.74 at 110.90 with 348,165 shares trading hands.
