Cadence Design Systems Files Proxy Supplement

TL;DR

CADENCE DESIGN SYSTEMS (CDNS) filed a proxy supplement, likely with more info for shareholders.

AI Summary

Cadence Design Systems, Inc. filed a Definitive Additional Materials proxy statement on April 29, 2025. This filing supplements their previous proxy statement, indicating it's for materials already distributed to shareholders. The company is based in San Jose, CA, and operates in the prepackaged software industry.

Why It Matters

This filing indicates Cadence Design Systems is providing additional information to shareholders related to a previous proxy statement, which is a standard part of corporate governance and shareholder communication.

Risk Assessment

Risk Level: low — This is a routine filing of additional proxy materials, not indicating any immediate financial or operational risks.

Key Players & Entities

• CADENCE DESIGN SYSTEMS, INC. (company) — Registrant
• 2655 SEELY AVENUE (location) — Business Address
• SAN JOSE, CA (location) — Business Address City and State
• 4089431234 (phone_number) — Business Phone

FAQ

From the Filing

0001193125-25-104067.txt : 20250429 0001193125-25-104067.hdr.sgml : 20250429 20250429172017 ACCESSION NUMBER: 0001193125-25-104067 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20250429 DATE AS OF CHANGE: 20250429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CADENCE DESIGN SYSTEMS INC CENTRAL INDEX KEY: 0000813672 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 770148231 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-15867 FILM NUMBER: 25889542 BUSINESS ADDRESS: STREET 1: 2655 SEELY AVENUE BLDG 5 CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4089431234 MAIL ADDRESS: STREET 1: 2655 SEELY AVENUE CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: ECAD INC /DE/ DATE OF NAME CHANGE: 19880609 DEFA14A 1 d926590ddefa14a.htm DEFA14A DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (RULE 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant To Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy Statement ☒ Definitive Additional Materials ☐ Soliciting Material under § 240.14a-12 CADENCE DESIGN SYSTEMS, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☒ No fee required ☐ Fee paid previously with preliminary materials ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 CADENCE DESIGN SYSTEMS, INC. SUPPLEMENT TO DEFINITIVE PROXY STATEMENT RELATING TO THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 8, 2025 Explanatory Note This proxy statement supplement (this ‘‘Proxy Supplement’’) supplements the definitive proxy statement (the ‘‘Proxy Statement’’) filed by Cadence Design Systems, Inc. (“we” or “Cadence”) with the Securities and Exchange Commission on March 25, 2025 regarding our 2025 Annual Meeting of Stockholders (the ‘‘Annual Meeting’’) to be held on May 8, 2025 at 1:00 p.m. Pacific Time at www.meetnow.global/M9LNHJ2 via live audio webcast. Except as supplemented by this Proxy Supplement, all information set forth in the Proxy Statement remains unchanged and should be considered in casting your vote by proxy or in person at the Annual Meeting. This Proxy Supplement, our Notice of 2025 Annual Meeting of Stockholders, our Proxy Statement and our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 are available at http://www.envisionreports.com/CDNS. The purpose of this Proxy Supplement is to provide additional information with respect to Mark W. Adams, one of Cadence’s current directors and a nominee for election to Cadence’s Board of Directors named in Proposal 1: Election of Directors in the Proxy Statement. Supplemental Disclosure Concerning Proposal 1: Election of Directors As described in the Proxy Statement, Cadence’s Board of Directors (the “Board”) unanimously recommends a vote “FOR” each of the director nominees named in the Proxy Statement, including Mr. Adams. Mr. Adams is the President and Chief Executive Officer of Penguin Solutions, Inc. and serves on the boards of Penguin Solutions, Inc., Seagate Technology plc and Cadence. The Board understands that Mr. Adams has significant responsibilities in his other roles; however, Mr. Adams’ positions outside of Cadence comply with Cadence’s Corporate Governance Guidelines (available at https://www.cadence.com/en_US/