Summary
Synopsys Inc. (SNPS) filed an 8-K on May 18, 2005, primarily to report its financial results for the fiscal quarter ended April 30, 2005, and to announce a key executive change. The company reported its financial performance via a press release, which is attached as an exhibit. While specific financial figures are not detailed within the 8-K itself, the filing indicates that detailed results were made available on May 18, 2005. Significantly, the filing also disclosed the resignation of Steven K. Shevick as Senior Vice President and Chief Financial Officer, effective on or around May 13, 2005. This departure was stated to be without any known disagreements. Following Mr. Shevick's resignation, the Board of Directors appointed Rex S. Jackson, who was serving as Vice President and General Counsel, to the role of Acting Chief Financial Officer. The filing provides background on Mr. Jackson's extensive legal and business development experience.
Key Highlights
- 1Synopsys Inc. announced its financial results for the fiscal quarter ended April 30, 2005, via a press release filed with this 8-K.
- 2The press release detailing the fiscal quarter's financial performance is attached as Exhibit 99.1.
- 3Steven K. Shevick resigned from his position as Senior Vice President and Chief Financial Officer.
- 4Mr. Shevick's resignation was effective on or around May 13, 2005, and was not due to any known disagreements with the company.
- 5Rex S. Jackson, currently Vice President and General Counsel, has been appointed Acting Chief Financial Officer.
- 6Mr. Jackson's appointment as Acting CFO is effective as of the date of Mr. Shevick's resignation.
- 7The filing includes a press release (Exhibit 99.2) specifically announcing Mr. Shevick's departure.