Cadence Design Systems Inc

1. 1

   Election of Directors

   ManagementBoard: FOR

   Elect eleven directors named in the proxy statement to serve until the 2027 annual meeting.

2. 2

   Approval of the Amendment of the Omnibus Equity Incentive Plan

   ManagementBoard: FOR

   Approve amendment to the Omnibus Equity Incentive Plan to increase authorized shares by 5,000,000, remove fixed term, and modify administration and tax-related provisions.

   More detail

   This management proposal asks shareholders to approve the Amended and Restated Omnibus Equity Incentive Plan, increasing the share reserve by 5,000,000 shares and eliminating the Plan’s fixed expiration date so awards can continue until the board terminates the plan or the shares are exhausted. Management seeks shareholder approval to ensure sufficient equity remains available for grants that Cadence uses to attract, retain, and motivate employees, consultants and officers; the board’s rationale emphasizes the Omnibus Plan’s centrality to compensation strategy, its role in aligning employee and stockholder interests, and peer competitive practice. The amendment also clarifies administrative authority (including adopting sub-plans for non‑U.S. jurisdictions), strengthens withholding and tax-payment mechanisms, and standardizes fair market value determinations for tax and reporting purposes. The board highlights governance-friendly features in the Amended Plan (no evergreen provision, no liberal share recycling, no discounted options, individual award limits, minimum vesting for executive awards, clawback policy), arguing the amendment balances flexibility for global administration with stockholder protections. The board recommends a FOR vote, contending the incremental increase represents a small percentage (~1.81%) of outstanding shares and is appropriate given historical burn rates, existing overhang, and anticipated hiring and retention needs. Potential investor concerns include dilution, plan duration removal (ending the fixed expiration), and the mechanics of share recycling and withholding — the board attempts to address these by detailing limits, anti-repricing protections, and disclosure of burn rate, overhang metrics and award design. Overall, sophisticated investors should weigh the company’s demonstrated historical usage of equity, governance safeguards in the Amended Plan, and Cadence’s competitive hiring needs against the dilutionary effect of additional shares and any perceived weakening of shareholder control over future equity increases.

3. 3

   Advisory Resolution to Approve Named Executive Officer Compensation

   ManagementBoard: FOR

   Non-binding vote to approve the compensation of the named executive officers as disclosed in the proxy statement (Say-on-Pay).

   More detail

   This advisory (non-binding) management proposal asks shareholders to approve Cadence’s named executive officer compensation as disclosed in the proxy statement. Management argues the program is pay-for-performance with significant at‑risk compensation, including annual PSUs, RSUs, and periodic long-term equity LTP Awards, and that the structure and recent changes (e.g., introduction of PSUs, LTP program design) align executives with stockholder value creation. The Board and Compensation Committee cite strong historical shareholder support for say‑on‑pay votes and high prior approval levels (e.g., ~89% in 2025) as evidence of alignment, and they commit to considering future voting outcomes in their decisions. Opposing views often focus on potential outsized pay levels due to large LTP awards and concentrated equity grants; management counters that LTP awards have rigorous absolute stock price hurdles, relative TSR gates, post‑vesting holding periods, and other governance features (e.g., clawback policy, no tax gross-ups, minimum vesting), limiting unwarranted payouts. Investors should assess whether the mix of annual PSUs, RSUs, and periodic multi-year LTP Awards effectively balances retention, performance incentives and dilution risk, and consider that the vote is advisory and non-binding though the Board will review results.

4. 4

   Ratification of the Selection of the Independent Registered Public Accounting Firm

   ManagementBoard: FOR

   Ratify the appointment of PricewaterhouseCoopers LLP as Cadence’s independent registered public accounting firm for fiscal year ending December 31, 2026.

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When is the Cadence Design Systems Inc 2026 annual meeting?

Cadence Design Systems Inc (CDNS) holds its 2026 annual shareholder meeting on Thursday, May 7, 2026.

What is the record date for the Cadence Design Systems Inc 2026 meeting?

The record date for the Cadence Design Systems Inc 2026 meeting is Monday, March 9, 2026. Shareholders of record on or before that date are eligible to vote.

Who are the director nominees for Cadence Design Systems Inc's 2026 meeting?

The board is presenting 11 director nominees at the Cadence Design Systems Inc 2026 meeting, listed with their independence status and background.

What proposals will shareholders vote on at the Cadence Design Systems Inc 2026 meeting?

Shareholders will vote on 4 proposals at the Cadence Design Systems Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.