SYNOPSYS INC
For the period ended Apr 16, 2026. Filed Feb 19, 2026.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 16, 2026 · Filed Feb 19, 2026
Contents
Proxy Statement Summary
This summary highlights certain information in the Proxy Statement, but it does not contain all of the information that you should consider before voting. Please review the entire Proxy Statement and Annual Report on Form 10-K for the year ended October 31, 2025 filed with the Securities and Exchange Commission (the SEC) on December 22, 2025 (2025 Annual Report on Form 10-K) carefully. References in this Proxy Statement to “we,” “us,” “our,” the “Company” or “Synopsys” refer to Synopsys, Inc. The items to be voted on at the Annual Meeting along with the recommendations of our Board of Directors (the Board or Board of Directors) are listed below.
| Proposals | Board VoteRecommendation | For FurtherDetails | ||
| 1. | ELECTION OF DIRECTORSThe Board and the Corporate Governance and Nominating Committee believe that it is in the best interests of Synopsys and our stockholders for each of the ten director nominees to continue as a Synopsys director because each nominee possesses the necessary qualifications, skills and experiences to provide quality advice and counsel to management and to effectively oversee key business and strategy matters, while carefully considering the long-term success of Synopsys and our stockholders. | “FOR” each director nominee | Page 11 | |
| 2. | APPROVAL OF OUR AMENDED AND RESTATED EQUITY INCENTIVE PLANWe are asking for approval of our Amended and Restated Equity Incentive Plan (the Equity Incentive Plan) in order to, among other things, include our non-employee directors as persons eligible to receive awards under the Equity Incentive Plan. This change will reduce the administrative burden of maintaining two separate equity plans and is in line with current market practice. | “FOR” | Page 41 | |
| 3. | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATIONWe are asking for approval, on an advisory basis, of the compensation paid to our named executive officers. The Board believes the compensation of our named executive officers motivates and rewards them for work that improves our long-term business performance and increases stockholder value, and recommends that you vote to approve their executive compensation. | “FOR” | Page 52 | |
| 4. | RATIFICATION OF SELECTION OF KPMG LLP AS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMThe Board and the Audit Committee believe it is in the best interests of Synopsys and our stockholders to retain KPMG LLP as Synopsys’ independent registered public accounting firm for fiscal 2026. As a matter of good corporate governance, we are asking stockholders to ratify the Audit Committee’s selection of KPMG LLP. | “FOR” | Page 96 | |
| 5. | STOCKHOLDER PROPOSALIf properly presented at the meeting, stockholders will be asked to vote on a proposal regarding stockholders' right to act by written consent. The Board recommends that stockholders vote AGAINST this proposal because the Board believes it is not in the best interests of Synopsys and our stockholders. | “AGAINST” | Page 99 | |
A Note about Our Fiscal Year
Prior to fiscal 2025, our fiscal year ended on the Saturday closest to October 31. Fiscal 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. We have changed our fiscal year end to October 31 beginning with fiscal 2025.
| 2026 Proxy Statement | 5 |
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Proxy Statement Summary
Our Board currently consists of twelve directors. We do not have a classified or staggered board of directors. Each of our directors stands for election on an annual basis and serves for a one-year term and until their successors are elected and qualified or until their earlier death, resignation or removal. Of the twelve directors whose terms expire in 2026, ten are standing for re-election. The table below describes the ten director nominees, including the Lead Independent Director and the Board's committee composition as of the conclusion of the Annual Meeting.
Director Nominees
| Committee Membership(1) | ||||
| Name, Age and Primary Occupation | Director Since | AC | CC | GC |
|---|---|---|---|---|
| Dr. Aart J. de Geus, 71Executive Chair of the Board of Directors, Synopsys | 1986 | |||
| John G. Schwarz, 75 Lead Independent Director, SynopsysChief Executive Officer (Retired), Co-founder and Chairman of the Board of Directors, Visier, Inc. | 2007 | |||
| Sassine Ghazi, 55President and Chief Executive Officer, Synopsys | 2023 | |||
| Janice D. Chaffin, 71 Group President (Retired), Consumer Business Unit, Symantec Corporation (now Gen Digital Inc.) | 2014 | |||
| Bruce R. Chizen, 70 Senior Adviser and PGO Partner, Permira Advisers LLP | 2001 | |||
| Mercedes Johnson, 71 Chief Financial Officer (Retired), Avago Technologies, Inc. (now Broadcom Inc.) | 2017 | |||
| Robert G. Painter, 54 President, Chief Executive Officer and director of Trimble Inc. | 2023 | |||
| Jeannine P. Sargent, 61 Senior Advisor and Venture Partner, Breakthrough Energy VenturesOperating Partner, G2 Venture Partners | 2020 | |||
| Peter A. Shimer, 63 Former Chief Financial Officer, Chief Operating Officer and Interim Chief Executive Officer, Deloitte | 2026 | |||
| Ravi Vijayaraghavan, 61 Senior Partner, Bain & Company, Inc. | 2025 | |||
(1)Represents committee members upon the conclusion of the Annual Meeting, assuming all director nominees are elected.
| AC | Audit Committee | CC | Compensation and Organizational Development Committee | GC | Corporate Governance and Nominating Committee |
|---|---|---|---|---|---|
| Independent | Member | Chair |
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Proxy Statement Summary
Purpose
The primary goal of the amendment of our Equity Incentive Plan is to allow our non-employee directors to participate in the Equity Incentive Plan, which eliminates the need for Synopsys' separate 2017 Non-Employee Directors Equity Incentive Plan. This change will reduce the administrative burden of maintaining two separate equity plans and is in line with current market practice, which is to have one equity plan under which a company can grant awards to both employees and non-employee directors. We are not asking our stockholders to approve an increase to the number of shares of common stock available for issuance under the Equity Incentive Plan.
Important Features of the Equity Incentive Plan
Our Equity Incentive Plan includes provisions that are designed to protect our stockholders’ interests and to reflect corporate governance best practices, including:•Stockholder approval required for additional shares.•No discounted stock options or stock appreciation rights.•Repricing and cash-out of underwater options not allowed.•No liberal share recycling.•Seven-year maximum term for equity awards.•Full-value awards deplete share reserve at a higher multiple.•Limitations on dividends and dividend equivalents.•No liberal corporate transaction provisions.•Limitation on non-employee director compensation.•No automatic grants to employees.•No tax gross-up provisions.
| 2026 Proxy Statement | 7 |
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Proxy Statement Summary
Compensation Governance and Our Compensation Philosophy
We have designed our executive compensation program to attract, motivate and retain a team of highly qualified executives who will drive our success. To motivate and reward our named executive officers (NEOs) for work that improves our long-term business performance and increases stockholder value, we have set out the following objectives:
| Pay for Performance | Internal Pay Equity | Competitiveness |
|---|---|---|
| Align executive compensation to the success of our business objectives | Promote teamwork among executives by considering internal pay equity in setting compensation levels | Provide competitive compensation that attracts and retains top-performing executives |
| Outperformance | Stockholder Alignment | Balance |
| Motivate executives to achieve results that exceed our strategic targets | Align interests of executives with stockholder interests through the managed use of long-term incentives | Set performance goals that reward an appropriate balance of near- and long-term results |
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Proxy Statement Summary
Fiscal 2025 NEO Compensation Details
Our three core elements of NEO direct compensation are base salary, an annual cash incentive opportunity and annual equity awards. The graphic below reflects the approximate general distribution of these three core elements of NEO target total direct compensation awarded during fiscal 2025 as determined by our Compensation and Organizational Development Committee (the Compensation Committee).
| CHIEF EXECUTIVE OFFICER (MR. GHAZI) | AVERAGE OF OTHER NEOs(1) |
|---|
Our Compensation Practices
| What We Do | What We Don’t Do |
|---|---|
| ü Pay for Performanceü Mix of Performance Goalsü Double Trigger Change of Control Benefitsü Maximum Payout Caps ü Compensation Recovery Policyü Robust Share Ownership Guidelinesü Independent Compensation Committeeü Independent Compensation Consultantü Annual Advisory Say-on-Pay Voteü Equity Burn Rate Management | û No Excessive Risksû No Excessive Change of Control Paymentsû No Golden Parachute Tax Gross Upsû No Excessive Perks û No Hedging or Pledging of Our Stock û No Repricing or Cash-out of Underwater Optionsû No Dividends on Unvested Equity Awardsû No Executive Pension Plans or SERPs |
| 2026 Proxy Statement | 9 |
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Proxy Statement Summary
Fees and Services of Independent Registered Public Accounting Firm
The following table presents fees for professional audit services rendered by KPMG LLP for the audit of our annual financial statements and fees billed for all other services rendered by KPMG LLP during the following fiscal years.
| Fiscal Year Ended | ||
|---|---|---|
| Oct. 31, 2025 (in thousands) | Nov. 2, 2024 (in thousands) | |
| Audit Fees(1) | $12,275 | $7,520 |
| Audit-Related Fees(2) | 4 | 2,898 |
| Tax Fees(3) | 137 | 18 |
| All Other Fees(4) | 23 | 28 |
| TOTAL FEES | $12,439 | $10,464 |
(1)Audit fees consist of fees for the audit of Synopsys’ consolidated financial statements in our 2025 Annual Report on Form 10-K, review of Synopsys’ interim condensed consolidated financial statements in each of our Quarterly Reports on Form 10-Q and services that are normally provided by KPMG LLP in connection with statutory and regulatory filings or engagements.
(2)Audit-related fees consist of fees for assurance and related services that are reasonably related to the performance of the audit or review of Synopsys’ consolidated financial statements and not reported under “Audit Fees.” This category includes fees related to the performance of attestation services not required by statute or regulations.
(3)Tax fees consist of fees for professional services for tax compliance, tax advice and tax planning. This category includes fees primarily related to assistance with international tax compliance services pertaining to certain foreign subsidiaries.
(4)All other fees consist of permitted services other than audit or tax services, and include fees related to a subscription to KPMG LLP’s research tools and other general advisory services.
We received a stockholder proposal that asks our Board to take the steps necessary to permit stockholders to act by written consent. For the reasons set forth following the proponent’s proposal, our Board opposes adoption of the proposal and recommends that you vote AGAINST the proposal.
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