8-KLeadership ChangesExhibits & Filings

SYNOPSYS INC 8-K Report, Executive Changes (Aug 19, 2020)

Filed August 19, 2020For Securities:SNPS

Summary

Synopsys, Inc. (SNPS) filed an 8-K report on August 18, 2020, primarily announcing the appointment of Sassine Ghazi as its new Chief Operating Officer (COO), effective immediately. This promotion marks a significant internal leadership change, with Mr. Ghazi bringing extensive experience to the role, having been with Synopsys since 1998 and most recently serving as General Manager of the Design Group. His background includes engineering roles at Intel and a strong educational foundation in electrical engineering and business administration. This appointment is a key development for investors as it signals continuity and the elevation of proven internal talent within Synopsys' operational leadership. The report details Mr. Ghazi's qualifications and confirms there are no undisclosed arrangements or conflicts of interest related to his new position. Synopsys will also enter into its standard indemnification agreement with him, a common practice for executive appointments. The filing also includes a press release officially announcing this appointment and the interactive data file.

Key Highlights

  • 1Sassine Ghazi appointed as Chief Operating Officer (COO) of Synopsys, Inc., effective August 17, 2020.
  • 2Mr. Ghazi has a long tenure at Synopsys, joining in March 1998.
  • 3Most recently, Mr. Ghazi held the position of General Manager of the Design Group.
  • 4His prior experience includes a role as a design engineer at Intel.
  • 5Mr. Ghazi possesses a strong technical and business educational background, including degrees from Georgia Tech and the University of Tennessee.
  • 6The company is entering into a standard indemnification agreement with the new COO.
  • 7The filing includes an official press release announcing the appointment.

Frequently Asked Questions

Sassine Ghazi has been appointed as the new Chief Operating Officer (COO) of Synopsys, Inc., effective immediately on August 17, 2020.

Mr. Ghazi has been with Synopsys since March 1998 and most recently served as the General Manager of the Design Group. He also has prior experience as a design engineer at Intel.

The filing states that there are no arrangements or understandings with other persons related to his appointment, nor does he have any direct or indirect material interest in any transactions that need to be reported. He also has no family relationship with Synopsys' directors or executive officers.

In accordance with Synopsys' customary practice, the company is entering into its standard form of indemnification agreement with Mr. Ghazi. This agreement requires Synopsys to indemnify him against certain liabilities that may arise from his status or service as an officer.