8-KFiled Aug 11, 8:00 PM ET

Synopsys Inc. Announces General Counsel Janet Lee to Step Down

$SNPS · SYNOPSYS INC

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Synopsys Inc. Announces General Counsel Janet Lee to Step Down

What Happened

  • Synopsys, Inc. (filed on August 12, 2026) announced in a Form 8‑K (Item 5.02) that Janet Lee will no longer serve as General Counsel and Corporate Secretary, effective the earlier of (i) December 31, 2026 or (ii) the appointment of her successor.
  • After stepping down from her officer roles, Ms. Lee will transition to an advisory role and will continue as an advisor through June 30, 2027, or a later date as determined by Synopsys, to help ensure a smooth transition.

Key Details

  • Filing date: August 12, 2026 (Form 8‑K, Item 5.02 — departure/election of directors or certain officers).
  • Effective date: earlier of December 31, 2026 or the appointment of her successor.
  • Advisory period: through June 30, 2027 (or later as determined by the company).
  • Position affected: General Counsel and Corporate Secretary (Janet Lee); no successor named in the filing.

Why It Matters

  • This is a material executive change in Synopsys’ legal and corporate governance leadership. For investors, the key points are continuity and risk management: the company has specified a transition timeline and an advisory period to reduce disruption to legal, compliance, and governance functions.
  • The filing does not name a successor or give reasons for the change, so investors should watch for future disclosures about the appointment of a new General Counsel and any related governance updates.