SYNOPSYS INC false 0000883241 --10-31 0000883241 2024-11-25 2024-11-25

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): November 25, 2024

 

 

SYNOPSYS, INC.

(Exact name of registrant as specified in charter)

 

 

 

Delaware   000-19807   56-1546236

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

675 Almanor Ave.

Sunnyvale, California 94085

(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (650) 584-5000

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange

on which registered

Common Stock (par value of $0.01 per share)   SNPS   Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.03

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On November 25, 2024, Synopsys’ Board of Directors approved changing Synopsys’ fiscal year from a 52/53-week period ending on the Saturday nearest to October 31 of each year to October 31 of each year. This change is intended to improve the alignment of financial and business processes and to streamline financial reporting.

Synopsys’ fiscal year 2024 was a 53-week year that began on October 29, 2023 and ended on November 2, 2024. Synopsys’ fiscal year 2025 began on November 3, 2024 and will end on October 31, 2025. Effective beginning in fiscal year 2025, Synopsys’ quarterly results will be for the three-month periods ending January 31, April 30, July 31 and October 31 of each year. As a result of this change, there will be ten fewer days in the first half of fiscal year 2025 and two extra days in the second half of fiscal year 2025, which results in eight fewer days in the aggregate in Synopsys’ fiscal year 2025 as compared to its fiscal year 2024. In reliance on Exchange Act Release No. 26589, Synopsys will not file a transition report.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

    SYNOPSYS, INC.
Dated: November 25, 2024     By:  

/s/ John F. Runkel, Jr.

      John F. Runkel, Jr.
      General Counsel and Corporate Secretary
v3.24.3
Document and Entity Information
Nov. 25, 2024
Cover [Abstract]  
Entity Registrant Name SYNOPSYS INC
Amendment Flag false
Entity Central Index Key 0000883241
Current Fiscal Year End Date --10-31
Document Type 8-K
Document Period End Date Nov. 25, 2024
Entity Incorporation State Country Code DE
Entity File Number 000-19807
Entity Tax Identification Number 56-1546236
Entity Address, Address Line One 675 Almanor Ave.
Entity Address, City or Town Sunnyvale
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94085
City Area Code (650)
Local Phone Number 584-5000
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock (par value of $0.01 per share)
Trading Symbol SNPS
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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