Board of directors (11)
Directors with a Section 16 filing in the last 13 months. “Since” is the first filing as a director; SEC data sets start in 2016.
Executive officers (6)
Company facts
- Chair
- —
- In S&P 500 since
- Sep 2017
- Incorporated in
- DE
- Fiscal year ends
- December
- SEC industry
- Services-Prepackaged Software
- SEC filings
- EDGAR
Connections to other S&P 500 companies
Current directors and officers who also hold a role at another S&P 500 company.
Major holders (5% or more)
Latest Schedule 13D/13G filing per holder. Holders that reported falling below 5% are not shown. Index funds usually report once a year.
No 5% holder filings parsed yet for this company.
Insider trades
Open-market purchases and sales reported on Form 4. Grants, option exercises and tax withholding are excluded.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| Oct 15, 2026 | Paul Cunningham Sr. Vice President | Sale | 2,000 | $324.13 | $648K |
| Oct 1, 2026 | Vincentelli Alberto Sangiovanni Director | Sale | 1,250 | $350.07 | $438K |
| Sep 15, 2026 | Paul Cunningham Sr. Vice President | Sale | 2,000 | $277.12 | $554K |
| Sep 10, 2026 | Ita M. Brennan Director | Sale | 33 | $284.44 | $9K |
| Sep 10, 2026 | Ita M. Brennan Director | Sale | 127 | $285.58 | $36K |
| Sep 10, 2026 | Ita M. Brennan Director | Sale | 14 | $286.47 | $4K |
| Sep 10, 2026 | Ita M. Brennan Director | Sale | 6 | $287.79 | $2K |
| Aug 26, 2026 | Paul Scannell Sr. Vice President | Sale | 280 | $339.00 | $95K |
| Aug 25, 2026 | Vincentelli Alberto Sangiovanni Director | Sale | 41 | $324.66 | $13K |
| Aug 25, 2026 | Vincentelli Alberto Sangiovanni Director | Sale | 380 | $321.16 | $122K |
| Aug 25, 2026 | Vincentelli Alberto Sangiovanni Director | Sale | 240 | $319.31 | $77K |
| Aug 25, 2026 | Vincentelli Alberto Sangiovanni Director | Sale | 280 | $318.33 | $89K |
| Aug 25, 2026 | Vincentelli Alberto Sangiovanni Director | Sale | 309 | $323.54 | $100K |
| Aug 21, 2026 | Chin-Chi Teng Sr. Vice President | Sale | 4,732 | $314.49 | $1.5M |
| Aug 17, 2026 | Paul Cunningham Sr. Vice President | Sale | 2,000 | $323.32 | $647K |
| Jul 22, 2026 | Chin-Chi Teng Sr. Vice President | Sale | 200 | $337.78 | $68K |
| Jul 22, 2026 | Chin-Chi Teng Sr. Vice President | Sale | 1,968 | $339.05 | $667K |
| Jul 22, 2026 | Chin-Chi Teng Sr. Vice President | Sale | 80 | $345.17 | $28K |
| Jul 22, 2026 | Chin-Chi Teng Sr. Vice President | Sale | 399 | $343.94 | $137K |
| Jul 22, 2026 | Chin-Chi Teng Sr. Vice President | Sale | 241 | $342.98 | $83K |
| Jul 22, 2026 | Chin-Chi Teng Sr. Vice President | Sale | 440 | $342.15 | $151K |
| Jul 22, 2026 | Chin-Chi Teng Sr. Vice President | Sale | 720 | $335.70 | $242K |
| Jul 22, 2026 | Chin-Chi Teng Sr. Vice President | Sale | 200 | $340.70 | $68K |
| Jul 22, 2026 | Chin-Chi Teng Sr. Vice President | Sale | 252 | $336.71 | $85K |
| Jul 15, 2026 | Paul Cunningham Sr. Vice President | Sale | 2,000 | $383.36 | $767K |
Board and executive changes
Every 8-K with Item 5.02 (departure, election or appointment of directors and officers). The text is the first paragraph of the item.
- May 12, 2026
(d) As previously reported in a Form 8-K filed with the Securities and Exchange Commission on November 17, 2025 (the “Original Filing”) by Cadence Design Systems, Inc. (“Cadence”), the Board of Directors (the “Board”) of Cadence appointed Dr. Luc Van den hove as a director of Cadence, effective January 1, 2026. At the time of the Original Filing, the Board had not determined Dr. Van den hove’s committee assignment. Cadence is filing this Form 8-K/A to report that on May 7, 2026, the Board designated Dr. Van den hove as a member of the Compensation Committee of the Board, effective as of such date. Other than providing the preceding disclosure, no other disclosure reported in the Original Filing is amended by this Form 8-K/A.
Read the 8-K filing - May 12, 2026
(e) Amendment of the Omnibus Equity Incentive Plan As described in
Read the 8-K filing - Nov 17, 2025
(d) On November 17, 2025, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) appointed Dr. Luc Van den hove as a director of Cadence effective January 1, 2026. The Board has not yet determined Dr. Van den hove’s committee assignment. Upon the effectiveness of Dr. Van den hove’s appointment to the Board, Dr. Van den hove will be granted equity under Cadence’s 1995 Directors Stock Incentive Plan with a grant date fair value of $82,849, rounded to the nearest whole share, subject to approval by the Compensation Committee of the Board. The equity award will fully vest, subject to Dr. Van den hove’s continued service on the Board, on the earlier of May 8, 2026 and the date of Cadence’s annual meeting of stockholders in 2026, aligned with the vesting of annual incentive stock awards granted to Cadence’s other non-employee Board members in May 2025. Dr.
Read the 8-K filing - Mar 26, 2025
(d) As previously reported in a Form 8-K filed with the Securities and Exchange Commission on December 12, 2024 (the “Original Filing”) by Cadence Design Systems, Inc. (“Cadence”), the Board of Directors (the “Board”) of Cadence appointed Moshe Gavrielov as a director of Cadence, effective January 1, 2025. At the time of the Original Filing, the Board had not determined Mr. Gavrielov’s committee assignment. Cadence is filing this Form 8-K/A to report that on March 24, 2025, the Board designated Mr. Gavrielov as a member of the Compensation Committee of the Board, effective as of such date. Other than providing the preceding disclosure, no other disclosure reported in the Original Filing is amended by this Form 8-K/A.
Read the 8-K filing - Dec 12, 2024
(d) On December 12, 2024, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) appointed Moshe Gavrielov as a director of Cadence, effective January 1, 2025. The Board has not yet determined Mr. Gavrielov’s committee assignments. Upon the effectiveness of Mr. Gavrielov’s appointment to the Board, Mr. Gavrielov will be granted an incentive stock award under Cadence’s 1995 Directors Stock Incentive Plan with a grant date fair value of $80,219, rounded to the nearest whole share. The incentive stock award will fully vest, subject to Mr. Gavrielov’s continued service on the Board, on the earlier of May 2, 2025 and the date of Cadence’s annual meeting of stockholders in 2025, aligned with the vesting of annual incentive stock awards granted to Cadence’s other non-employee Board members in May 2024. Mr.
Read the 8-K filing - May 6, 2024
(b)(e) Departing Officer Effective May 6, 2024, Neil Zaman will no longer serve as Senior Vice President of Worldwide Field Operations and Chief Revenue Officer of Cadence. Cadence has entered into a Transition and Release Agreement with Mr. Zaman. During the transition period through May 12, 2025, Mr. Zaman will serve as a Senior Advisor and will provide services and support to Cadence. Under the Transition and Release Agreement, in connection with his termination without cause, Mr. Zaman will receive compensation and benefits for transition services consistent with the compensation and benefits provided under Cadence’s previously disclosed Executive Severance Plan. Under the terms of the Transition and Release Agreement, Mr. Zaman will also execute customary releases and will be subject to customary restrictive covenants.
Read the 8-K filing - Feb 2, 2024
(b) On February 1, 2024, Dr. John B. Shoven, a member of the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (the “Company”), notified the Board of his decision to retire from the Board and not seek re-election at the Company’s 2024 Annual Meeting of Stockholders, when his current term expires. The Board expressed its deep appreciation for Dr. Shoven’s 32 years of service on the Board, including 16 years as Chair of the Board, and for his invaluable contributions to the Company.
Read the 8-K filing - May 8, 2023
(e) Amendment of the Omnibus Equity Incentive Plan As described in
Read the 8-K filing - Feb 13, 2023
(b) On February 8, 2023, Lip-Bu Tan, the Executive Chair of the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (the “Company”), notified the Board that he will not seek re-election to the Board at the Company’s 2023 Annual Meeting of Stockholders, when his current term as Executive Chair expires. Mr. Tan’s letter agreement with the Company dated December 15, 2021 (the “Tan Transition Agreement”) provides that he will continue to serve as a non-officer employee of the Company through March 31, 2024. The Tan Transition Agreement was previously disclosed by the Company and filed on December 17, 2021 as Exhibit 10.2 to Amendment No. 1 to the Company’s current report on Form 8-K dated July 21, 2021.
Read the 8-K filing - Jan 31, 2022
(d) On January 31, 2022, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) elected Mary Louise (ML) Krakauer as a director of Cadence, effective immediately. The compensation of Ms. Krakauer will be consistent with Cadence’s compensation of its other non-employee directors in effect from time to time and as described in Cadence’s definitive proxy statement filed with the Securities and Exchange Commission on March 26, 2021. In connection with Ms. Krakauer’s initial election to the Board and for her service on the Board for a portion of 2022, Ms. Krakauer has been granted an incentive stock award with a grant date fair value of $13,013.70 under Cadence’s 1995 Directors Stock Incentive Plan.
Read the 8-K filing - Jan 20, 2022
In its amended current report on Form 8-K/A filed on December 17, 2021, Cadence Design Systems, Inc. (the “Company”) disclosed that it anticipated issuing long-term performance awards in January 2022 (the “2022 LTP Awards”) to its executive officers, including its President and Chief Executive Officer, Anirudh Devgan, Ph.D. The Company granted the 2022 LTP Awards to Dr. Devgan and other executive officers under the Company’s Omnibus Equity Incentive Plan on January 13, 2022. Dr. Devgan’s 2022 LTP Award consists of 409,208 restricted stock units (“RSUs”) having a grant date fair value equal to $20,534,057. The 2022 LTP Award is 100% performance based and has a five-year performance period ending March 15, 2027, with the ability to vest in a portion of the award at the end of a three-year performance period ending March 15, 2025 and a four-year performance period ending March 15, 2026.
Read the 8-K filing - Dec 17, 2021
As previously disclosed, on July 26, 2021, Cadence Design Systems, Inc. (the “Company”) filed a current report on Form 8-K (the “Original Filing”) to report that the Board of Directors (the “Board”) appointed Anirudh Devgan, Ph.D., as President and Chief Executive Officer of the Company, effective December 15, 2021 (the “Transition Effective Date”), succeeding Lip-Bu Tan, who assumed the position of Executive Chairman of the Company as of the Transition Effective Date and who will continue to serve as director. This Form 8-K/A is being filed to update the disclosure under
Read the 8-K filing - Jul 26, 2021
On July 21, 2021, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (the “Company”) appointed Anirudh Devgan, Ph.D., currently the Company’s President, as President and Chief Executive Officer of the Company effective December 15, 2021 (the “Transition Effective Date”). Dr. Devgan will replace Lip-Bu Tan, who will step down as Chief Executive Officer of the Company and will assume the position of Executive Chair of the Company as of the Transition Effective Date and continue to serve as a director. In connection with Mr. Tan’s appointment as Executive Chair and as required by the Company’s Corporate Governance Guidelines, the independent directors of the Board appointed John Shoven, Ph.D., the Board’s current Chairman, to serve as the lead independent director of the Board, effective as of the Transition Effective Date.
Read the 8-K filing - Mar 5, 2021
(b) On March 2, 2021, Susan L. Bostrom informed the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) that she does not wish to seek re-election at Cadence’s 2021 Annual Meeting of Stockholders (the “Annual Meeting”). Accordingly, Ms. Bostrom’s term as a director will end when her current term expires at the Annual Meeting, which is expected to be held on May 6, 2021. Ms. Bostrom has served on the Board since 2011 and previously served from 2001 to 2005. She currently serves as the Chair of the Strategy Committee and on the Compensation Committee and Corporate Governance and Nominating Committee. The Board expressed its appreciation for Ms. Bostrom’s service to Cadence and her invaluable contributions to the Board during her term of service. 2
Read the 8-K filing - Dec 1, 2020
(d) On November 30, 2020, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) elected Julia Liuson as a director of Cadence, and appointed Ms. Liuson to the Strategy Committee of the Board, in each case effective January 4, 2021. The compensation of Ms. Liuson will be consistent with Cadence’s compensation of its other non-employee directors in effect from time to time and as described in Cadence’s definitive proxy statement filed with the Securities and Exchange Commission on March 20, 2020. Ms. Liuson will be granted an incentive stock award with a grant date fair value of $21,284.15 under Cadence’s 1995 Directors Stock Incentive Plan, which will fully vest on February 14, 2021. Ms. Liuson will receive such grant in connection with her initial election to the Board and for her service on the Board for a portion of 2021. Ms.
Read the 8-K filing
Show 12 older changes
- May 1, 2020
(e) Amendment of the Omnibus Equity Incentive Plan As described in
Read the 8-K filing - Mar 16, 2020
(d) The Board of Directors (the “Board”) of Cadence Design Systems, Inc. (“Cadence”) have elected Ita Brennan and Lewis Chew to the Board of Cadence, and appointed each of them to the Audit Committee of the Board, effective March 15, 2020. The compensation of Ms. Brennan and Mr. Chew will be consistent with Cadence’s compensation of its other non-employee directors in effect from time to time and as described in Cadence’s definitive proxy statement filed with the Securities and Exchange Commission on March 22, 2019. Ms. Brennan and Mr. Chew were each granted an incentive stock award with a grant date fair value of $174,945.36 under Cadence’s 1995 Directors Stock Incentive Plan, which will vest on February 14, 2021. Ms. Brennan and Mr. Chew received such grant in connection with their initial election to the Board and for the portion of 2020 during which they will serve on the Board. Ms.
Read the 8-K filing - May 3, 2019
As described in Item 5.07 below, at the Annual Meeting of Stockholders of Cadence Design Systems, Inc. (“Cadence” or the “Registrant”) held on May 2, 2019, Cadence stockholders approved an amendment to Cadence’s Omnibus Equity Incentive Plan (the “Omnibus Plan”). The board of directors of Cadence had previously approved the amendment to the Omnibus Plan on February 6, 2019, subject to stockholder approval. The amendment increased the number of shares of common stock authorized for issuance under the Omnibus Plan by 4,000,000 shares, extended the expiration date of the Omnibus Plan to May 2, 2029 and removed certain references related to the performance-based compensation exemption under Section 162(m) of the Internal Revenue Code of 1986, as amended.
Read the 8-K filing - Feb 8, 2019
On February 5, 2019, the Compensation Committee of the Board of Directors (the “Committee”) of Cadence Design Systems, Inc. (“Cadence”) adopted the Senior Executive Bonus Plan. The Senior Executive Bonus Plan is based on and replaces Cadence’s prior Senior Executive Bonus Plan, which was terminated by the Committee pursuant to its terms on February 5, 2019, with updates to eliminate references related to the performance-based compensation exemption under Section 162(m) of the Internal Revenue Code of 1986, as amended, and to reflect certain other administrative changes.
Read the 8-K filing - Mar 21, 2018
On March 15, 2018, the Compensation Committee of the Board of Directors of Cadence Design Systems, Inc. (“Cadence”) approved a Third Amendment (the “Third Amendment”) to the Employment Agreement between Cadence and Lip-Bu Tan, its Chief Executive Officer, dated January 8, 2009 and amended on May 13, 2009 and March 1, 2010 (collectively, the “Agreement”). As set forth in the Third Amendment, Mr. Tan’s annualized base salary has been increased to $725,000 and he is eligible to earn an incentive bonus under Cadence’s Senior Executive Bonus Plan targeted at 125% of his annualized base salary. The Third Amendment also amends the Agreement to provide that the lump-sum severance payment that may be payable to Mr.
Read the 8-K filing - Nov 17, 2017
On November 16, 2017, Cadence Design Systems, Inc. (“Cadence”) announced that Anirudh Devgan has been appointed President of Cadence, effective November 16, 2017. Lip-Bu Tan, Cadence’s current President and Chief Executive Officer, resigned from his position as President of Cadence effective immediately prior to Mr. Devgan’s appointment. Mr. Tan will continue to serve as Chief Executive Officer and a director of Cadence. Mr. Devgan, age 48, has held several positions at Cadence since May 2012, including his current role as Executive Vice President, Research and Development since March 2017, Senior Vice President, Research and Development from November 2013 to March 2017, and Corporate Vice President, Research and Development from May 2012 to November 2013. Prior to joining Cadence, from May 2005 to March 2012, Mr.
Read the 8-K filing - Sep 13, 2017
On September 13, 2017, Cadence Design Systems, Inc. (“Cadence”) announced that John Wall has been appointed as Senior Vice President and Chief Financial Officer of Cadence, effective October 1, 2017. Mr. Wall, age 47, has held several positions at Cadence since October 2000, including his current role as Corporate Vice President and Corporate Controller of Cadence since April 2016, Vice President of Finance and Operations, Worldwide Revenue Accounting and Sales Finance, from 2015 to 2016 and Vice President, Finance and Operations, EMEA and Worldwide Revenue Accounting, from 2005 to 2015. Mr. Wall’s annualized base salary has been increased to $360,000 and he will be eligible to earn an incentive bonus targeted at 75% of his annualized base salary in accordance with Cadence’s Senior Executive Bonus Plan. Mr.
Read the 8-K filing - Jun 28, 2017
(d) On June 28, 2017, the Board of Directors (the “Board”) of Cadence Design Systems, Inc. (the “Company”) elected Mary Agnes Wilderotter to serve as a director of the Company, effective July 1, 2017. In addition, Ms. Wilderotter was designated to serve as a member of the Corporate Governance and Nominating Committee and Strategy Committee of the Board, effective July 1, 2017. Ms. Wilderotter’s compensation will be consistent with the Company’s compensation of its other non-employee directors in effect from time to time and as described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 23, 2017. Ms. Wilderotter was granted an incentive stock award with a grant date fair value of $85,000 under the Company’s 1995 Directors Stock Incentive Plan, which fully vests on February 21, 2018. Ms.
Read the 8-K filing - Mar 23, 2017
(b) As of March 23, 2017, George M. Scalise has decided to retire from the Board of Directors (the “Board”) of Cadence Design Systems, Inc. and not stand for re-election at the 2017 Annual Meeting of Stockholders, which is scheduled to be held on May 4, 2017 (the “Annual Meeting”). Mr. Scalise intends to serve on the Board until the Annual Meeting.
Read the 8-K filing - Feb 1, 2017
Geoffrey G. Ribar, Senior Vice President and Chief Financial Officer of Cadence, will not retire as previously announced and will remain in his current role until March 31, 2018, unless a successor is designated before then.
Read the 8-K filing - May 11, 2016
Effective May 5, 2016, an Executive Severance Plan (the “Severance Plan”) was adopted by the Compensation Committee of the Board of Cadence (the “Compensation Committee”) which will provide certain severance benefits to individuals promoted to or hired as executive officers of Cadence, to the extent designated as a participant by the Compensation Committee. The employment agreements Cadence previously entered into with certain of its executive officers containing severance provisions will remain in effect and such executive officers will not participate in the Severance Plan. The Compensation Committee also determined that Neil Zaman, Senior Vice President, Worldwide Field Operations and a named executive officer, shall be a participant in the Severance Plan. Mr. Zaman will be entitled to the benefits as provided below.
Read the 8-K filing - Apr 25, 2016
On April 25, 2016, Cadence announced that Geoffrey G. Ribar, Senior Vice President and Chief Financial Officer of Cadence, has decided to retire from Cadence effective March 31, 2017. A copy of the press release is attached hereto as Exhibit 99.03 and is incorporated herein by reference.
Read the 8-K filing
Proxy statements (DEF 14A): 2026 · 2025 · 2024 · 2023 · 2022 · 2021
Share price
Annual financials
From the company's 10-K XBRL data (SEC companyfacts).
| Fiscal year | Revenue | Net income | Margin | Diluted EPS | Total assets |
|---|---|---|---|---|---|
| FY2025 | $5.3B | $1.1B | 20.9% | $4.06 | $10.2B |
| FY2024 | $4.6B | $1.1B | 22.7% | $3.85 | $9.0B |
| FY2023 | $4.1B | $1.0B | 25.5% | $3.82 | $5.7B |
| FY2022 | $3.6B | $849.0M | 23.8% | $3.09 | $5.1B |
| FY2021 | $3.0B | $696.0M | 23.3% | $2.50 | $4.4B |
| FY2020 | $2.7B | $590.6M | 22.0% | $2.11 | $4.0B |
| FY2019 | $2.3B | $989.0M | 42.3% | $3.53 | $3.4B |
| FY2018 | $2.1B | $345.8M | 16.2% | $1.23 | $2.5B |
Former directors and officers (15)
People who stopped filing as an insider of this company. “Last filing” is the last Form 3/4/5, an upper bound on when they left.