CADENCE DESIGN SYSTEMS, INC. (NASDAQ:CDNS) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
|
Submission of Matters to a Vote of Security Holders. |
At the Annual Meeting of Stockholders of Cadence Design Systems,
Inc. (Cadence) held on May4, 2017, Cadence stockholders voted on
the following proposals, which are described in detail in
Cadences Proxy Statement on Schedule 14A, which was filed with
the Securities and Exchange Commission on March23, 2017:
| 1. |
A proposal to elect the eight (8)directors named in the Proxy Statement to serve until the 2018 Annual Meeting of Stockholders and until their successors are elected and qualified, or until the directors earlier death, resignation or removal. This proposal was approved as set forth below: |
|
Nominee |
For | Against | Abstain | Broker Non-Votes | ||||||||||||
|
Mark W. Adams |
226,624,796 | 523,976 | 285,977 | 20,138,437 | ||||||||||||
|
Susan L. Bostrom |
225,836,841 | 1,305,128 | 292,780 | 20,138,437 | ||||||||||||
|
Dr.JamesD. Plummer |
224,163,379 | 2,984,491 | 286,879 | 20,138,437 | ||||||||||||
|
Dr.Alberto Sangiovanni-Vincentelli |
221,210,291 | 5,943,666 | 280,792 | 20,138,437 | ||||||||||||
|
Dr.John B. Shoven |
218,704,591 | 7,724,549 | 1,005,609 | 20,138,437 | ||||||||||||
|
Roger S. Siboni |
221,304,278 | 5,831,969 | 298,502 | 20,138,437 | ||||||||||||
|
Young K. Sohn |
225,802,101 | 1,329,986 | 302,662 | 20,138,437 | ||||||||||||
|
Lip-Bu Tan |
219,314,020 | 7,881,023 | 239,706 | 20,138,437 |
| 2. |
A proposal to approve the amendment and restatement of the Omnibus Equity Incentive Plan. This proposal was approved as set forth below: |
|
For |
Against |
Abstain |
BrokerNon-Votes |
|||
|
217,042,699 |
10,053,524 | 338,526 | 20,138,437 |
| 3. |
An advisory resolution to approve named executive officer compensation. This proposal was approved as set forth below: |
|
For |
Against |
Abstain |
BrokerNon-Votes |
|||
|
223,071,432 |
3,830,195 | 533,122 | 20,138,437 |
| 4. |
An advisory vote on the frequency of the advisory vote on named executive officer compensation. This proposal for 1Year was approved as set forth below: |
|
1Year |
2Years |
3Years |
Abstain |
BrokerNon-Votes |
||||
|
200,294,304 |
155,207 | 26,620,195 | 365,043 | 20,138,437 |
| 5. |
A proposal to ratify the selection of KPMG LLP as the independent registered public accounting firm of Cadence for the fiscal year ending December30, 2017. This proposal was approved as set forth below: |
|
For |
Against |
Abstain |
BrokerNon-Votes |
|||
|
246,073,363 |
1,218,629 | 281,194 |
About CADENCE DESIGN SYSTEMS, INC. (NASDAQ:CDNS)
Cadence Design Systems, Inc. (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices. The Company’s SDE product offerings include electronic design automation (EDA), software, emulation and prototyping hardware, and two categories of intellectual property (IP): verification IP (VIP) and design IP. The Company provides maintenance for its software, emulation hardware and IP product offerings. The Company offers products and technologies for Functional Verification, including Emulation and Prototyping Hardware; Digital IC Design and Signoff; Custom IC Design; System Interconnect and Analysis, and IP. It offers products and services to electronics systems and semiconductor companies, Internet service providers and other technology companies that deliver a range of electronics products in market segments, such as mobile and consumer devices, communications and personal computers. CADENCE DESIGN SYSTEMS, INC. (NASDAQ:CDNS) Recent Trading Information
CADENCE DESIGN SYSTEMS, INC. (NASDAQ:CDNS) closed its last trading session down -0.21 at 32.83 with 1,298,824 shares trading hands.
