Skip to content
AnalystLens

CADENCE DESIGN SYSTEMS INC 8-K Report, Executive Changes (Feb 12, 2013)

Reports
Leadership Changes·Exhibits & Filings
Filing Date
Filed February 12, 2013
Period End
February 12, 2013
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 February 12, 2013. Cited figures are marked; the original filing is the authoritative source.

This 8-K filing by Cadence Design Systems, Inc. (CDNS) on February 12, 2013, primarily reports on changes within its Board of Directors.

Donald L. Lucas has resigned from the Board, effective February 12, 2013, due to his retirement. Concurrently, the company announced the election of Young K.

Sohn as a new member of the Board and his appointment to the Corporate Governance and Nominating Committee. Mr. Sohn's appointment brings new expertise to the Board, and he has been granted stock options and incentive shares, which vest after one year of continuous service. This filing indicates a transition in board composition, with an experienced director stepping down and a new individual with potential to contribute to the company's governance and strategic direction joining.

02—Key points

Key Highlights

  1. Donald L. Lucas has resigned from Cadence Design Systems' Board of Directors.
  2. Young K. Sohn has been elected as a new member to the Board of Directors.
  3. Mr. Sohn has also been appointed to the Board's Corporate Governance and Nominating Committee.
  4. Mr. Sohn's appointment is effective February 12, 2013.
  5. As part of his appointment, Mr. Sohn received an option grant for 10,000 shares and an award of 7,500 incentive shares.
  6. These equity awards will vest fully on the first anniversary of the grant date, contingent on his continued service on the Board.
  7. The filing includes a press release dated February 12, 2013, as an exhibit.

03—Questions

Frequently Asked Questions

  1. Why did Donald L. Lucas resign from the board?

    Donald L. Lucas resigned from the Board of Directors due to his retirement.

  2. Who is the new director appointed to the board?

    Young K. Sohn has been elected as a new member to the Board of Directors.

  3. What compensation did Young K. Sohn receive upon his appointment?

    Upon his appointment, Mr. Sohn received an option grant to purchase 10,000 shares of the Company’s common stock and an award of 7,500 shares of incentive stock. These awards will fully vest on the first anniversary of the grant date, provided he remains on the Board.

  4. What committees will Young K. Sohn serve on?

    Mr. Sohn has been appointed to serve on the Board's Corporate Governance and Nominating Committee.

04—Continue

← View all 8-K filings