Synopsys ($SNPS) expanded its board 11→12 and appointed Peter A.
Filed with the SEC on · Summarized by InvestorsBot
Synopsys ($SNPS) expanded its board 11→12 and appointed Peter A. Shimer to the Board and Audit Committee effective Feb 14, 2026. He’s independent and an audit committee financial expert; former Deloitte exec (2007–2025). 📌💼 #CorporateGovernance #SNPS
Shimer compensation: $140K annual cash retainer (paid quarterly, prorated 1st year); initial RSU grant $350K vesting over 3 years; interim prorated RSU from $200K award vesting before 1st annual meeting. No related‑party ties. 💰🔒 $SNPS #BoardUpdate #Governance
Board will not renominate Luis Borgen and Dr. Ajei Gopal for re‑election; both will serve through Synopsys’ 2026 Annual Meeting. Synopsys will enter its standard director indemnification agreement with Shimer. 🤝📑 $SNPS #BoardChange #SNPS