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CADENCE DESIGN SYSTEMS INC 8-K Report, Regulation FD Disclosure (Oct 29, 2009)

Reports
Regulation FD
Filing Date
Filed October 29, 2009
Period End
October 29, 2009
Security
CDNS
In the record · 2016–202610-K1210-Q328-K98

CDNS filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 98 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Feb ’17Feb ’17
  2. Leadership change8-K · May ’19May ’19
  3. Leadership change8-K · Jul ’21Jul ’21
  4. Material agreement8-K · Sep ’25Sep ’25

01—Abstract

Summary

Summary of the 8-K filed October 29, 2009. Cited figures are marked; the original filing is the authoritative source.

Cadence Design Systems, Inc. (CDNS) filed an 8-K on October 29, 2009, to address an inadvertent disclosure made by its CFO during its third-quarter earnings call on October 28, 2009.

The CFO mentioned that the company's projected bookings for fiscal year 2010 could be $800 milliona or more. Cadence clarified that this statement was premature as they had not yet finalized their 2010 bookings analysis. The company intends to provide formal guidance for 2010 bookings when they release their fourth-quarter and full-year 2009 results.

02—Key points

Key Highlights

  1. Inadvertent disclosure of potential $800 million+ in 2010 bookings by CFO.
  2. Company states the disclosure was premature and 2010 analysis was incomplete.
  3. Formal 2010 bookings guidance will be provided with Q4 2009 earnings release.
  4. This 8-K filing is to comply with Regulation FD following the disclosure.
  5. The company acknowledges the forward-looking nature of the statement and outlines various risks and uncertainties that could impact actual results.

03—Questions

Frequently Asked Questions

  1. What was the main reason for this 8-K filing?

    This 8-K was filed to comply with Regulation FD due to an inadvertent disclosure made by the CFO during the Q3 2009 earnings call regarding potential 2010 bookings.

  2. What specific information was inadvertently disclosed?

    The CFO inadvertently disclosed that Cadence's projected bookings for fiscal year 2010 could be $800 million or more.

  3. Does the company stand by the $800 million+ 2010 bookings projection?

    No, the company stated that the disclosure was premature because they had not yet completed their analysis for projecting 2010 bookings. Formal guidance will be provided later.

  4. When will investors receive official guidance for 2010 bookings?

    Cadence expects to complete its 2010 bookings analysis and provide guidance when it releases its operating results for fiscal year 2009 (which would typically include Q4 results).

04—Continue

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