Magma Design Automation 8-K 2005
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 10, 2005
MAGMA DESIGN AUTOMATION, INC.
(Exact name of Registrant as Specified in Its Charter)
(State or other jurisdiction of incorporation)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
(b) On June 10, 2005, Wade Meyercord resigned as a member of Magmas Board of Directors. Mr. Meyercord had served on the Board of Directors since January 2004. Mr. Meyercords resignation was not due to any disagreement with Magma known to an executive officer of Magma on any matter relating to Magmas operations, policies or practices.
(d) The Board of Directors of Magma Design Automation, Inc. (Magma), appointed Susumu Kohyama as a member of Magmas Board of Directors, effective upon his acceptance of that appointment on June 10, 2005. Dr. Kohyama has not yet been appointed to any committees of the Board of Directors. There is no arrangement between Dr. Kohyama and any other person pursuant to which he was selected as a director. In connection with his appointment, Dr. Kohyama will be entitled to Magmas standard director compensation arrangements, as described in exhibit 99.1 to this report.
Dr. Kohyama is currently President and Chief Executive Officer of Toshiba Ceramics Co., Ltd. and has held this position since June 2004. Prior to his current position, Dr. Kohyama held various senior executive positions within Toshiba Corporation. There is no family relationship between Dr. Kohyama and any other Magma executive officer or director.
Item 9.01. Financial Statements and Exhibits.
The following exhibit is furnished herewith:
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.