SAN JOSE, Calif. During a year in which Synopsys Inc. fell from EDA industry's top spot and misjudged earnings twice, the company's top officers still received sizable year-end bonuses -- albeit smaller ones than in past years.
According to an 8-k filing with the Securities and Exchange Commission, Synopsys founder, Chairman and CEO Aart de Geus received $498,000 as a year-end bonus; Chi-Foon Chan, president and chief operating officer, received $402,000; and Vicki Andrews, senior vice president of worldwide sales, received $268,000, including $131,880 in commissions.
Raul Camposano, senior vice president and general manager of Synopsys Silicon Engineering Group, received $188,833, including a $3,333 patent bonus. Antun Domic, senior vice president and general manager of Synopsys' Implementation Group, received a $246,000 bonus.
The 8-k filing discloses only bonuses awarded to the CEO and the four company executives with the highest compensation packages.
According to a 10-Q filing dated October 2003, de Geus and Chan were each granted $605,000 year-end bonuses for 2003; Andrews received $534,496. John Chilton, then senior vice president and general manager of Synopsys' solutions group received $295,000; Dominic received $320,000. Camposano's compensation was not disclosed in that filing.
In 2003, Synopsys gained the top spot from Cadence Design Systems but yielded that lead back to Cadence in 2004. Synopsys revised its guidance lower twice during the summer, spawning shareholder suits as a result.