Summary
This 8-K filing from Synopsys Inc. (SNPS), filed on January 30, 2017, announces a significant executive transition. Brian Beattie, Executive Vice President of Business Operations and Chief Administrative Officer, has informed the company of his intention to retire effective December 22, 2017. Leading up to his retirement, Mr. Beattie will transition out of his executive officer duties starting May 1, 2017, and will then move into an executive advisory role until his departure. This filing includes the press release detailing this announcement, which is incorporated by reference, providing further context on the planned succession and transition.
Key Highlights
- 1Brian Beattie, EVP of Business Operations & Chief Administrative Officer, intends to retire.
- 2Retirement effective date is December 22, 2017.
- 3Mr. Beattie will step down from executive officer duties on May 1, 2017.
- 4Following his executive role relinquishment, he will serve in an executive advisory capacity.
- 5The company issued a press release announcing the retirement.
- 6The press release, dated January 30, 2017, is filed as an exhibit to this 8-K.