Synopsys (SNPS) outlines Janet Lee transition from General Counsel to advisory role
Rhea-AI Filing Summary
Synopsys, Inc. reported a leadership transition in its legal function. Janet Lee will cease serving as General Counsel and Corporate Secretary effective on the earlier of December 31, 2026 or the appointment of her successor. After her successor is in place, she will move into an advisory role to support continuity.
Synopsys states that Ms. Lee will continue in this advisory capacity until June 30, 2027, or a later date determined by the company, to help ensure a smooth transition of responsibilities. The filing does not describe any changes to Synopsys’ business operations beyond this leadership change.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Latest date in role: December 31, 2026
Advisory role end date: June 30, 2027
Company phone number: (650) 584-5000
3 metrics
Latest date in role
December 31, 2026
Latest possible date Janet Lee remains General Counsel and Corporate Secretary
Advisory role end date
June 30, 2027
Date through which Janet Lee will serve in an advisory role, unless extended
Company phone number
(650) 584-5000
Registrant’s telephone number including area code
Key Terms
General Counsel, Corporate Secretary, Nasdaq Global Select Market, advisory role
4 terms
General Counsel regulatory
"Janet Lee will no longer serve as Synopsys’ General Counsel and Corporate Secretary"
A general counsel is the chief lawyer of an organization, responsible for overseeing all legal matters and ensuring the company complies with laws and regulations. Think of them as the organization's legal advisor or navigator, helping to prevent legal problems before they happen. Their role matters to investors because they help protect the company from legal risks that could impact its success and value.
Corporate Secretary regulatory
"Janet Lee will no longer serve as Synopsys’ General Counsel and Corporate Secretary"
A corporate secretary is a person in a company who helps organize meetings, keeps important records, and makes sure the company follows legal rules. They act like a bridge between the company's leaders and its shareholders, making sure everything runs smoothly and by the book. Their role is important because it helps the company stay organized and legally compliant.
Nasdaq Global Select Market market
"Common Stock (par value of $0.01 per share) SNPS Nasdaq Global Select Market"
A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.
advisory role other
"Thereafter, Ms. Lee will transition to an advisory role and will continue in that role"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What executive change did Synopsys (SNPS) disclose in this 8-K?
Synopsys disclosed that Janet Lee will no longer serve as General Counsel and Corporate Secretary, effective on the earlier of December 31, 2026 or the appointment of her successor, then transition to an advisory role.
When will Janet Lee’s advisory role at Synopsys (SNPS) end?
Janet Lee is expected to serve in an advisory role until June 30, 2027, or such later date as determined by Synopsys, to help ensure a smooth transition of legal leadership.
What positions did Janet Lee hold at Synopsys (SNPS) before this transition?
Before the transition, Janet Lee served as Synopsys’ General Counsel and Corporate Secretary. The company plans for her to step down from these roles and then continue in an advisory capacity to support her successor.
Is Janet Lee immediately leaving Synopsys (SNPS)?
No. Janet Lee will leave her roles as General Counsel and Corporate Secretary by the earlier of December 31, 2026 or her successor’s appointment, and then remain as an advisor through at least June 30, 2027.
Who signed the Synopsys (SNPS) 8-K reporting Janet Lee’s transition?
The report was signed on behalf of Synopsys by Shelagh Glaser, Chief Financial Officer, indicating executive-level authorization of the disclosure regarding the General Counsel and Corporate Secretary transition.