Cadence Design Systems' Hosts Annual Shareholder Meeting (Transcript)

Cadence Design Systems, Inc (CDNS)

Annual Shareholder Meeting Call

May 4, 2012 04:00 pm ET

Executives

Jim Cowie - SVP, General Counsel and Secretary

Lip-Bu Tan - President & CEO

John Shoven - Chairman of the Board

Analysts

Presentation

Operator

Good afternoon, ladies and gentlemen. My name is Jim Cowie. I am Senior Vice President, General Counsel and Secretary at Cadence. It's my pleasure to welcome you to the 2012 Annual Meeting of Cadence stockholders. As the company's bylaws provide Lip-Bu Tan, our President and Chief Executive Officer will act as Chairman of this meeting and I will as Secretary.

First I would like to introduce you to the members of Cadence' Board who are here today and are standing for election and reelection. They are Sue Bostrom, former Executive Vice President and Chief Marketing Officer, Worldwide Government Affairs, of Cisco Systems; Alberto Sangiovanni-Vincentelli Professor and Chair of Electrical engineering and Computer Sciences at the University of California Berkeley; George Scalise former President of the Semiconductor Industry Association; John Shoven, our Chairman of the Board and Professor of Economics at Stanford University; Roger Siboni an Independent Investor and of course Lip-Bu Tan our President and CEO; Don Lucas; Private Venture Capital Investor and Jim Plummer; Professor of Electrical Engineering at Stanford University and Dean of Stanford School of Engineering could not be with us today.

I would also like to introduce you to the officers of Cadence who are with us here today. In addition to Lip-Bu Tan, those who are present are Tom Beckley Senior Vice President, Research and Development, Custom IC and Signoff; Chi-Ping Hsu here with us today? No, okay. Charlie Huang, Ph.D. Senior Vice President, Worldwide Field Operations; Tina Jones Senior Vice President, Global Human Resources; Martin Lund, Senior Vice President, Research and Development, the SoC Realization Group; Nimish Modi, Senior Vice President, Research and Development, System and Software Realization Group; Pankaj Mayor Vice President, Marketing; Geoff Ribar, Senior Vice President and Chief Financial Officer.

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