Synopsys Appoints Peter A. Shimer to Board, Expands Membership to Twelve Directors
Synopsys, Inc. has expanded its board from eleven to twelve members with the appointment of Peter A. Shimer as a director effective February 14, 2026. Shimer will serve on the Audit Committee and receive an annual cash retainer of $140,000, along with stock awards valued at $350,000. Additionally, current board members Luis Borgen and Dr. Ajei Gopal will not be renominated for re-election but will continue until the 2026 Annual Meeting.
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On February 14, 2026, Synopsys, Inc. expanded its board from eleven to twelve members by appointing Peter A. Shimer as a new director and member of the Audit Committee. Shimer's compensation includes a $140,000 annual cash retainer and restricted stock awards totaling $350,000.
Current board members Luis Borgen and Dr. Ajei Gopal will not be renominated for re-election and will serve until the 2026 Annual Meeting of Stockholders. This board expansion reflects Synopsys' efforts to strengthen governance and strategic direction in the electronic design automation sector.
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