Article

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.