Synopsys strikes deal with activist Elliott, adds Jesse Cohn to board

Filed May 27, 2026 · Period ending May 26, 2026 · ~1 min read

Key Changes

• high

  Synopsys entered cooperation agreement with Elliott Investment Management, appointing Elliott's Jesse Cohn to the board effective June 1, 2026, avoiding a potential proxy fight with the prominent activist investor.

  Item 1.01 verify on EDGAR →
• high

  Cohn will serve on the Corporate Governance and Nominating Committee and be nominated for re-election in 2027, giving Elliott direct influence over board composition and governance decisions.

  Item 1.01 verify on EDGAR →
• medium

  Elliott agreed to cap ownership at 4.9% beneficial and 7.5% economic exposure, with standstill restrictions lasting at least one year or until Cohn leaves the board, whichever is later.

  Item 1.01 verify on EDGAR →