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<TITLE>Cadence Design Systems, Inc. Form S-8</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
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    <TD align="center" valign="top"><FONT size="2"> <B>As filed with
the Securities and Exchange Commission on May&nbsp;22, 2003</B></FONT>
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<FONT size="2"><B>Registration No.&nbsp;333-</B></FONT></TD>
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<P align="center"><FONT size="4"><B>SECURITIES AND EXCHANGE COMMISSION</B>
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<DIV align="center"><FONT size="3"><B>Washington, D.C. 20549</B>
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<B>FORM S-8</B></FONT></TD>
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<DIV align="center"><FONT size="2"><B>REGISTRATION STATEMENT</B><BR>
Under<BR>
The Securities Act of 1933<BR><BR>
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<P align="center"><FONT size="6"><B>CADENCE DESIGN SYSTEMS, INC.</B>
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<DIV align="center"><FONT size="2">(Exact name of registrant as specified in its charter)
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    <TD align="center" valign="top"><FONT size="2"><B>Delaware</B><BR>
(State or Other Jurisdiction of Incorporation or Organization)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
<B>77-0148231</B><BR>
(I.R.S. Employer Identification No.)</FONT></TD>
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    <TD align="center" valign="top"><FONT size="2"><B>2655 Seely Avenue, Building 5,<BR>
San Jose, California 95134</B><BR>
(Address of Principal Executive Offices) (Zip Code)</FONT></TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2"><B>Cadence Design Systems, Inc.<BR>
1994 Deferred Compensation Plan</B><BR>
(Full titles of the Plans)</FONT></TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2"><B>R.L. Smith McKeithen<BR>
Senior Vice President, General Counsel and Secretary<BR>
Cadence Design Systems, Inc.<BR>
2655 Seely Avenue, Building 5, San Jose, California 95134</B><BR>
(Name and Address of Agent for Service)<BR>
<B>(408)&nbsp;943-1234</B><BR>
(Telephone number, including area code, of agent for service)</FONT></TD>
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<B>Copies to:</B></FONT></TD>
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    <TD align="center" valign="top"><FONT size="2"><B>Gregory J. Conklin, Esq.<BR>
Gibson, Dunn &#038; Crutcher LLP<BR>
One Montgomery Street, 31st Floor<BR>
San Francisco, CA 94104<BR>
(415)&nbsp;393-8200<BR><BR>

CALCULATION OF REGISTRATION FEE</B></FONT></TD>
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    <TD nowrap align="center"><FONT size="1"><B>Title of Securities</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount to be</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed Maximum</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed Maximum</B></FONT></TD>
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    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
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    <TD nowrap align="center"><FONT size="1"><B>to be Registered</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registered(2)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering Price per Share(2)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Aggregate Offering Price</B></FONT></TD>
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    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registration Fee</B></FONT></TD>
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    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Cadence Design</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">8,500,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">100</FONT></TD>
    <TD nowrap><FONT size="2">%</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">8,500,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">687.65</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Systems, Inc.</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">1994 Deferred</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Compensation Plan</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Obligations (1)</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">The Cadence Design Systems, Inc. 1994 Deferred Compensation Plan Obligations are unsecured obligations of the Registrant and certain affiliated
companies to pay deferred compensation in the future in accordance with the terms of the 1994 Cadence Design Systems, Inc. Deferred Compensation
Plan. Pursuant to Rule&nbsp;416(c) under the Securities and Exchange Act of 1933, this Registration Statement covers an indeterminate amount of interests
to be offered or sold pursuant to the employee benefit plan described herein.</FONT></TD>
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    <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Estimated solely for the purposes of calculating the registration fee pursuant to Rule&nbsp;457(o).</FONT></TD>
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<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interests of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item 7. Exemption from Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item 8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item 9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="f90460exv4w1.txt">EXHIBIT 4.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="f90460exv5w1.txt">EXHIBIT 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="f90460exv23w1.txt">EXHIBIT 23.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="f90460exv23w2.txt">EXHIBIT 23.2</A></TD></TR>
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<P align="center"><FONT size="2"><B>INTRODUCTION</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form&nbsp;S-8 is filed by Cadence Design
Systems, Inc., a Delaware corporation (the &#147;Registrant&#148;), relating to
$8,500,000 of unsecured obligations of the Registrant to pay deferred
compensation in the future (the &#147;Obligations&#148;) in accordance with the terms of
the Cadence Design Systems, Inc. 1994 Deferred Compensation Plan (the &#147;Plan&#148;).
</FONT>

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<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>PART I</B>
</FONT>

<P align="center"><FONT size="2"><B>Information Required in the Section&nbsp;10(a) Prospectus</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information required in Part I of this Registration Statement is
included in the prospectus for the Plan, which the Registrant has excluded from
this Registration Statement in accordance with the instructions to Form&nbsp;S-8.
</FONT>

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<DIV align="left"><A NAME="001"></A></DIV>
<P align="center"><FONT size="2"><B>PART II</B>
</FONT>

<P align="center"><FONT size="2"><B>Information Required in the Registration Statement and Explanatory Note</B>
</FONT>

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<DIV align="left"><A NAME="002"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;3. Incorporation of Documents by Reference
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant hereby incorporates by reference into this Registration
Statement the following documents previously filed with the Securities and
Exchange Commission (the &#147;Commission&#148;):
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    <TD width="3%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="82%"><FONT size="2">The Registrant&#146;s Annual Report on Form&nbsp;10-K for
the fiscal year ended December&nbsp;28, 2002, including all
material incorporated by reference therein;</FONT></TD>
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    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The Registrant&#146;s Quarterly Report on Form&nbsp;10-Q
for the quarter ended March&nbsp;29, 2003, including all material
incorporated by reference therein; and</FONT></TD>
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<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="93%"><FONT size="2">The Registrant&#146;s Current Reports on Form&nbsp;8-K
filed with the Commission on March&nbsp;14, 2003 and April&nbsp;15,
2003.</FONT></TD>
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed pursuant to Sections&nbsp;13(a), 13(c), 14, and 15(d) of
the 1934 Act, after the date of this Registration Statement and prior to the
filing of a post-effective amendment that indicates that all securities offered
hereby have been sold or that deregisters all securities then remaining unsold
shall be deemed to be incorporated by reference into this Registration
Statement and to be a part hereof from the date of filing of such documents.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any document and any statement contained in a document incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein, or in any other subsequently filed document that
also is incorporated or deemed to be incorporated by reference herein, modifies
or supersedes such document or statement. Any such document or statement so
modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement. Subject to
the foregoing, all information appearing in this Registration Statement is
qualified in its entirety by the information appearing in the documents
incorporated by reference.
</FONT>

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<DIV align="left"><A NAME="003"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;4. Description of Securities
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8,500,000 of Obligations are being registered under this Registration
Statement to be offered to certain eligible highly-compensated employees and
non-employee directors (&#147;Participants&#148;) of the Registrant pursuant to the Plan.
The Obligations are general unsecured obligations of the Registrant to pay
deferred compensation in the future in accordance with the terms of the Plan,
and rank <I>pari passu </I>with other unsecured and unsubordinated indebtedness of the
Registrant from time to time outstanding.
</FONT>

<P align="center"><FONT size="2">&nbsp;</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The amount of compensation deferred by each Participant is based on
semi-annual elections made by each Participant. Pursuant to any one election,
the minimum amount that can be deferred is $2,500 and the maximum amount is (i)
(A)&nbsp;80% of an employee Participant&#146;s base salary and (B)&nbsp;100% of an employee
Participant&#146;s cash bonus, or (ii)&nbsp;100% of a non-employee director Participant&#146;s
director&#146;s fees, all paid in respect of the applicable semi-annual period. In
addition, certain Participants selected by the compensation committee (the
&#147;Committee&#148;) are permitted to defer receipt of gain from the exercise of
qualifying options to acquire the common stock of the Registrant (&#147;Qualifying
Stock Option Gain&#148;), provided that such options are exercised using a
stock-for-stock exercise method. Deferred compensation is credited to a
Participant&#146;s &#147;Account,&#148; and deferred Qualifying Stock Option Gain is credited
to a Participant&#146;s &#147;Stock Option Subaccount,&#148; at the time such amounts
otherwise would have been paid to the Participant. The Account and Stock
Option Subaccount are bookkeeping entries only and are utilized solely as a
device for the measurement and determination of the benefits to be paid to a
Participant under the Plan.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obligations consist of an amount equal to each Participant&#146;s Account
balance under the Plan, which includes amounts credited to a Participant&#146;s
Stock Option Subaccount as well as other amounts credited as described below.
Each Participant has the sole authority to designate the manner in which his
Account balance is invested among certain hypothetical investment options
available under the Plan, and his Account balance is credited with the actual
financial performance or earnings generated by such investments. A
Participant&#146;s Stock Option Subaccount only is deemed to be invested in the
common stock of the Registrant and only is credited with the actual financial
performance of such common stock, including stock dividends. It is possible
for the value of a Participant&#146;s Account balance to decrease as a result of
decreases in the value of the hypothetical investments or decreases in the
value of the Registrant&#146;s common stock, as applicable.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participants elect to receive distribution of their Account balance (i)
upon reaching a specified age; (ii)&nbsp;upon passage of a specified number of
years; (iii)&nbsp;upon termination of employment (or service); (iv)&nbsp;upon the
earlier to occur of (A)&nbsp;termination of employment (or service) or (B)&nbsp;passage
of a specified number of years or attainment of a specified age; or (v)&nbsp;upon
the later to occur of (A)&nbsp;termination of employment (or service) or (B)&nbsp;passage
of a specified number of years or attainment of a specified age; except that
Participants make a separate distribution election as to their Stock Option
Subaccount. Participants also make a distribution election to receive the
balance of their Accounts in cash either in the form of a lump sum or in equal
annual installments over five or ten years as the Participant designates;
except that Participants make a separate election as to the timing of
distributions from their Stock Option Subaccount, which are made only in the
form of the common stock of the Registrant. A Participant may change his
distribution elections by making new elections, which are effective as of the
later of the date that is six months following the date the new elections are
made, or the first day of the plan year following the plan year in which the
new elections are made, and such new elections apply to the Participant&#146;s
entire Account; except that any changes to a Participant&#146;s distribution
elections as to his Stock Option Subaccount must be made separately. Payments
are made to Participants based on their elections described above, provided
that no payment is permitted to be made under the Plan to the extent that the
receipt of such payment, when combined with the receipt of all other
&#147;applicable employee remuneration&#148; (as defined in Section&nbsp;162(m)(4) of the
Internal Revenue Code of 1986, as amended (the &#147;Code&#148;)) would cause any
remuneration received to be nondeductible by the Registrant under Code Section
162(m)(1). Any benefits not distributable according to a Participant&#146;s
elections as a result of this limitation instead are distributed to the
Participant in subsequent years.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Participant experiences a financial Hardship, as defined under the
Plan, the Participant may petition the Committee to receive a partial or full
payout from his Account balance, not to exceed the amount reasonably needed to
satisfy the emergency. In order to receive a Hardship distribution, the
Participant must show that the need cannot be satisfied by other resources
reasonably available, including insurance proceeds. A Participant who receives
a Hardship distribution is not eligible to defer additional amounts under the
Plan until the second anniversary of the date of the Hardship distribution.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a Participant terminates employment (or service in the case of a
non-employee director Participant) on account of death or Permanent Disability
(as defined in the Plan) before distributions of his or her Account balance
otherwise would occur, the Participant or his or her designated beneficiary is
entitled to receive all amounts credited to the Account as of the date of
termination. If a Participant terminates employment (or service) for any other
</FONT>

<P align="center"><FONT size="2">2</FONT>
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<P align="left"><FONT size="2">reason before distribution of his or her Account balance otherwise would
occur, distributions are made pursuant to such Participant&#146;s elections unless
the Committee decides, in its sole discretion, that payment is to be made as of
the date of termination. In either case, payments are made in the form (lump
sum or annual installments) designated by the Participant&#146;s distribution
election. Upon the death of a Participant prior to complete distribution of
his entire Account balance, the unpaid balance is payable to the Participant&#146;s
beneficiary in the form elected by the Participant, or, at the request of the
beneficiary and at the discretion of the Committee, in a lump sum.
Notwithstanding any other provisions of the Plan, Participants&#146; Account
balances are paid in a lump sum thirty days after any Change of Control, as
defined in the Plan. With respect to any and all payouts of Account balances
under the Plan, the Registrant has the right to withhold taxes as required by
law.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan is administered by the Committee, whose determinations and
decisions are conclusive and binding on all persons who at any time have or
claim to have any interest whatever under the Plan. The Committee has the
right to amend the Plan at any time provided that such amendment does not
affect adversely benefits payable to a Participant without such Participant&#146;s
written consent. The Committee also has the right to terminate the Plan at any
time and to direct lump sum payment of all Account balances under the Plan.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A Participant&#146;s Obligations cannot be transferred or assigned, nor be made
subject to alienation, anticipation, encumbrance, garnishment, attachment,
execution, or levy of any kind, whether voluntary or involuntary, nor subject
to the debts, contracts, liabilities, engagements, or torts of the Registrant
or any beneficiary of a Participant. Any attempt to alienate, anticipate,
encumber, sell, transfer, assign, pledge, garnish, attach, or otherwise subject
to legal or equitable process or encumber, or dispose of any Obligation is
void.
</FONT>

<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel" -->
<DIV align="left"><A NAME="004"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;5. Interests of Named Experts and Counsel
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.
</FONT>

<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers" -->
<DIV align="left"><A NAME="005"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;6. Indemnification of Directors and Officers
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the Delaware General Corporation Law permits a corporation
to indemnify any of its directors or officers who was or is a party or is
threatened to be made a party to any third party proceeding by reason of the
fact that such person was or is a director or officer of the corporation,
against expenses (including attorneys&#146; fees), judgments, fines, and amounts
paid in settlement actually and reasonably incurred by such person in
connection with such action, suit, or proceeding, if such person acted in good
faith and in a manner such person reasonably believed to be in or not opposed
to the best interests of the corporation, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe that such person&#146;s
conduct was unlawful. In a derivative action, i.e., one by or in the right of
a corporation, the corporation is permitted to indemnify any of its directors
or officers against expenses (including attorneys&#146; fees) actually and
reasonably incurred by such person in connection with the defense or settlement
of such action or suit if such person acted in good faith and in a manner such
person reasonably believed to be in or not opposed to the best interests of the
corporation, except that no indemnification shall be made if such person shall
have been adjudged liable to the corporation, unless and only to the extent
that the court in which such action or suit was brought shall determine upon
application that such person is fairly and reasonably entitled to indemnity for
such expenses despite such adjudication of liability.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;VII of the Registrant&#146;s currently effective Certificate of
Incorporation eliminates the personal liability of its directors for monetary
damages for breach of fiduciary duty as a director, except for liability: (i)
for any breach of the director&#146;s duty of loyalty to the corporation or its
stockholders; (ii)&nbsp;for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law; (iii)&nbsp;under Section&nbsp;174
of the Delaware General Corporation Law; or (iv)&nbsp;for any transaction from
which the director derived an improper personal benefit. In addition, as
permitted by Section&nbsp;145 of the Delaware General Corporation Law, the Bylaws of
the Registrant provide that: (a)&nbsp;the Registrant is required to indemnify its
directors and officers and persons serving in such capacities in other business
entities (including, for example, subsidiaries of the Registrant) at the
Registrant&#146;s request (such directors, officers, and other persons are
collectively, &#147;Covered Persons&#148;), to the fullest extent permitted by Delaware
law, including those circumstances in which indemnification otherwise would be
discretionary; (b)&nbsp;the Registrant is required to advance expenses, as
incurred, to such Covered Persons in connection with defending a proceeding;
(c)&nbsp;the indemnitee(s) of the Registrant have the right to bring suit, and to
</FONT>

<P align="center"><FONT size="2">3</FONT>
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<P align="left"><FONT size="2">be paid the expenses of prosecuting such suit if successful, to enforce
the rights to indemnification or to advancement of expenses under the Bylaws;
(d)&nbsp;the rights conferred in the Bylaws are not exclusive and the Registrant is
authorized to enter into indemnification agreements with such directors,
officers and employees; (e)&nbsp;the Registrant is required to maintain director
and officer liability insurance to the extent reasonably available; and (f)
the Registrant may not retroactively amend the Bylaws indemnification provision
in a way that is adverse to such Covered Persons.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has entered into indemnity agreements with each of its
executive officers and directors that provide the maximum indemnity allowed to
officers and directors by Section&nbsp;145 of the Delaware General Corporation Law
and the Bylaws, as well as certain additional procedural protections. The
Registrant also maintains a limited amount of director and officer insurance.
The indemnification provision in the Bylaws, and the indemnity agreements
entered into between the Registrant and its officers or directors, may be
sufficiently broad to permit indemnification of the Registrant&#146;s officers and
directors for liability arising under the Securities Act of 1933, as amended
(the &#147;1933 Act&#148;).
</FONT>

<!-- link2 "Item 7. Exemption from Registration Claimed" -->
<DIV align="left"><A NAME="006"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;7. Exemption from Registration Claimed
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.
</FONT>

<!-- link2 "Item 8. Exhibits" -->
<DIV align="left"><A NAME="007"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;8. Exhibits
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD nowrap align="center"><FONT size="1"><B>Exhibit
Number</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">

<TD nowrap align="center"><HR size="1" noshade width="100%"></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade width="10%"></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">4.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Cadence Design Systems, Inc. 1994 Deferred Compensation Plan.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">5.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Opinion of Gibson, Dunn &#038; Crutcher LLP.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Independent Auditors&#146; Consent.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Consent of Arthur Andersen LLP, Independent Public Accountants.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">23.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Consent of Gibson, Dunn &#038; Crutcher LLP (contained in Exhibit&nbsp;5.1).</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">24.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Power of Attorney (included on the signature pages to this Registration
Statement on Form&nbsp;S-8).</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<!-- link2 "Item 9. Undertakings" -->
<DIV align="left"><A NAME="008"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;9. Undertakings
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes: (1)&nbsp;to file, during any
period in which offers or sales are being made, a post-effective amendment to
this Registration Statement (i)&nbsp;to include any prospectus required by Section
10(a)(3) of the 1933 Act; (ii)&nbsp;to reflect in the prospectus any facts or
events arising after the effective date of this Registration Statement (or the
most recent post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in this
Registration Statement; and (iii)&nbsp;to include any material information with
respect to the plan of distribution not previously disclosed in this
Registration Statement or any material change to such information in this
Registration Statement; provided, however, that clauses (1)(i) and (1)(ii)
shall not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed by the
Registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the 1934 Act that are
incorporated by reference into this Registration Statement; (2)&nbsp;that for the
purpose of determining any liability under the 1933 Act, each such
post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial <I>bona fide </I>offering thereof; and
(3)&nbsp;to remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold upon the termination of the
offering.
</FONT>

<P align="center"><FONT size="2">4</FONT>
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the 1933 Act, each filing of the Registrant&#146;s
annual report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the 1934 Act that
is incorporated by reference into this Registration Statement shall be deemed
to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the
initial <I>bona fide </I>offering thereof.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the 1933 Act
may be permitted to directors, officers, and controlling persons of the
Registrant pursuant to the indemnity provisions incorporated by reference in
Item&nbsp;6, or otherwise, the Registrant has been advised that in the opinion of
the Commission such indemnification is against public policy as expressed in
the 1933 Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer, or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the 1933
Act and will be governed by the final adjudication of such issue.
</FONT>

<P align="center"><FONT size="2">5</FONT>
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<P align="center"><FONT size="2"><B>EXPLANATORY NOTE REGARDING CONSENT OF ARTHUR ANDERSEN LLP</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;22, 2002, the Registrant announced that it had appointed KPMG LLP
to replace Arthur Andersen LLP (&#147;Andersen&#148;) as the Registrant&#146;s independent
auditors. The Registrant&#146;s consolidated balance sheet as of December&nbsp;29, 2001
and the related consolidated statements of operations, stockholders&#146; equity and
cash flows for each of the two fiscal years in the period ended December&nbsp;29,
2001, incorporated by reference in this Registration Statement, have been
audited by Andersen, as stated in its report dated March&nbsp;11, 2002, which is
incorporated by reference herein. After reasonable efforts, the Registrant has
been unable to obtain Andersen&#146;s consent to the incorporation by reference into
this Registration Statement of its report with respect to these financial
statements. Under these circumstances, Rule&nbsp;437a under the Securities Act of
1933 permits us to file this Registration Statement without a written consent
from Andersen. The absence of such consent may limit recovery by investors on
certain claims. In particular, and without limitation, investors will not be
able to assert claims against Andersen under Section&nbsp;11 of the Securities Act.
In addition, the ability of Andersen to satisfy any claims (including claims
arising from Andersen&#146;s provision of auditing and other services to us) may be
limited as a practical matter due to recent events regarding Andersen.
</FONT>

<P align="center"><FONT size="2">6</FONT>
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<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="009"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form&nbsp;S-8, and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of San Jose, State of California, on
this 21st day
of May, 2003.
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" valign="top" align="left"><FONT size="2">CADENCE DESIGN SYSTEMS, INC.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
By:
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">/s/ H. Raymond Bingham</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><HR size="1" noshade width="47%"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Raymond Bingham</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" colspan="3"><FONT size="2">President, Chief Executive Officer and
Director</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">7</FONT>
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<P align="center"><FONT size="2"><B>POWER OF ATTORNEY</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints H. Raymond Bingham, William Porter, and
R.L. Smith McKeithen, and each of them, his or her true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for him or her and in his or her name, place and stead, in any and all
capacities, to sign any and all amendments (including post-effective
amendments) to this Registration Statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Commission, granting unto said attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite and necessary to be done in connection therewith, as fully to all
intents and purposes as he or she might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents, or any of them, or
their or his substitutes or substitute, may lawfully do or cause to be done by
virtue hereof.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of 1933 Act, as amended, this Registration
Statement has been signed below by the following persons in the capacities and
on the dates indicated.
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Date</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;/s/ H. Raymond Bingham<BR>
</FONT><HR size="1" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;H. Raymond Bingham</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
President, Chief Executive Officer<BR>
and Director (Principal Executive<BR>
Officer)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">May 21, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;/s/ William Porter<BR>
</FONT><HR size="1" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;William Porter</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Senior Vice President, Chief Financial<BR>
Officer (Principal Financial Officer<BR>
and Principal Accounting Officer)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">May 21, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;/s/ Susan L. Bostrom<BR>
</FONT><HR size="1" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;Susan L. Bostrom</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">May 21, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;/s/ Dr. Leonard Y.W. Liu<BR>
</FONT><HR size="1" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;Dr. Leonard Y. W. Liu</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">May 20, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;/s/ Donald L. Lucas<BR>
</FONT><HR size="1" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;Donald L. Lucas</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">May 21, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;/s/ Sean M. Maloney<BR>
</FONT><HR size="1" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;Sean M. Maloney</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">May 21, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top" nowrap><FONT size="2">&nbsp;&nbsp;&nbsp;/s/ Dr. Alberto Sangiovanni-
Vincentelli<BR>
</FONT><HR size="1" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;Dr. Alberto Sangiovanni-Vincentelli</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">May 21, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;/s/ George M. Scalise<BR>
</FONT><HR size="1" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;George M. Scalise</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">May 21, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;/s/ Dr. John B. Shoven<BR>
</FONT><HR size="1" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;Dr. John B. Shoven</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">May 21, 2003</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;&nbsp;&nbsp;/s/ Roger S. Siboni<BR>
</FONT><HR size="1" noshade><FONT size="2">
&nbsp;&nbsp;&nbsp;Roger S. Siboni</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Director
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">May 21, 2003</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">8</FONT>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the 1933 Act, the Committee has duly
caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the city of San Jose, State of
California, on this 21st day of May, 2003.
</FONT>

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    <TD width="46%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
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    <TD width="1%">&nbsp;</TD>
    <TD width="46%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" valign="top" align="left"><FONT size="2">CADENCE DESIGN SYSTEMS, INC. 1994<BR>
DEFERRED COMPENSATION PLAN</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
By:
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">/s/ R.L. Smith McKeithen</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><HR size="1" noshade width="45%"></TD>
</TR>
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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">R.L. Smith McKeithen,</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">on behalf of the Compensation
Committee of the</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Board of Directors of Cadence Design
Systems, Inc.,</FONT></TD>
</TR>

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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">administrator of the
Cadence Design Systems, Inc. 1994</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Deferred Compensation Plan</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">9</FONT>
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<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="010"></A></DIV>
<P align="center"><FONT size="2">EXHIBIT INDEX
</FONT>

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    <TD width="55%">&nbsp;</TD>
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    <TD nowrap align="center"><FONT size="1"><B>Exhibit Number</B></FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Exhibit</B></FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
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    <TD><HR size="1" noshade width="100%"></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade width="10%"></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">4.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Cadence Design Systems, Inc. 1994 Deferred Compensation Plan.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">5.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Opinion of Gibson, Dunn &#038; Crutcher LLP.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Independent Auditors&#146; Consent.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Consent of Arthur Andersen LLP, Independent Public Accountants.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top" align="center"><FONT size="2">23.3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Consent of Gibson, Dunn &#038; Crutcher LLP (contained in Exhibit&nbsp;5.1).</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

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    <TD valign="top" align="center"><FONT size="2">24.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">
Power of Attorney (included on the signature pages to this Registration
Statement on Form&nbsp;S-8).</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
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<P align="center"><FONT size="2">&nbsp;</FONT>




</BODY>
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Cadence Design Systems, Inc. Form S-8
Table of Contents
As filed with
the Securities and Exchange Commission on May 22, 2003
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
CADENCE DESIGN SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or Other Jurisdiction of Incorporation or Organization)
77-0148231
(I.R.S. Employer Identification No.)
2655 Seely Avenue, Building 5,
San Jose, California 95134
(Address of Principal Executive Offices) (Zip Code)
Cadence Design Systems, Inc.
1994 Deferred Compensation Plan
(Full titles of the Plans)
R.L. Smith McKeithen
Senior Vice President, General Counsel and Secretary
Cadence Design Systems, Inc.
2655 Seely Avenue, Building 5, San Jose, California 95134
(Name and Address of Agent for Service)
(408) 943-1234
(Telephone number, including area code, of agent for service)
Copies to:
Gregory J. Conklin, Esq.
Gibson, Dunn & Crutcher LLP
One Montgomery Street, 31st Floor
San Francisco, CA 94104
(415) 393-8200
CALCULATION OF REGISTRATION FEE
Title of Securities
Amount to be
Proposed Maximum
Proposed Maximum
Amount of
to be Registered
Registered(2)
Offering Price per Share(2)
Aggregate Offering Price
Registration Fee
Cadence Design
$
8,500,000
100
%
$
8,500,000
$
687.65
Systems, Inc.
1994 Deferred
Compensation Plan
Obligations (1)
(1)
The Cadence Design Systems, Inc. 1994 Deferred Compensation Plan Obligations are unsecured obligations of the Registrant and certain affiliated
companies to pay deferred compensation in the future in accordance with the terms of the 1994 Cadence Design Systems, Inc. Deferred Compensation
Plan. Pursuant to Rule 416(c) under the Securities and Exchange Act of 1933, this Registration Statement covers an indeterminate amount of interests
to be offered or sold pursuant to the employee benefit plan described herein.
(2)
Estimated solely for the purposes of calculating the registration fee pursuant to Rule 457(o).
TABLE OF CONTENTS
PART I
PART II
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
EXHIBIT INDEX
EXHIBIT 4.1
EXHIBIT 5.1
EXHIBIT 23.1
EXHIBIT 23.2
Table of Contents
INTRODUCTION
This Registration Statement on Form S-8 is filed by Cadence Design
Systems, Inc., a Delaware corporation (the "Registrant"), relating to
$8,500,000 of unsecured obligations of the Registrant to pay deferred
compensation in the future (the "Obligations") in accordance with the terms of
the Cadence Design Systems, Inc. 1994 Deferred Compensation Plan (the "Plan").
PART I
Information Required in the Section 10(a) Prospectus
The information required in Part I of this Registration Statement is
included in the prospectus for the Plan, which the Registrant has excluded from
this Registration Statement in accordance with the instructions to Form S-8.
PART II
Information Required in the Registration Statement and Explanatory Note
Item 3. Incorporation of Documents by Reference
The Registrant hereby incorporates by reference into this Registration
Statement the following documents previously filed with the Securities and
Exchange Commission (the "Commission"):
(a)
The Registrant's Annual Report on Form 10-K for
the fiscal year ended December 28, 2002, including all
material incorporated by reference therein;
(b)
The Registrant's Quarterly Report on Form 10-Q
for the quarter ended March 29, 2003, including all material
incorporated by reference therein; and
(c)
The Registrant's Current Reports on Form 8-K
filed with the Commission on March 14, 2003 and April 15,
2003.
All documents filed pursuant to Sections 13(a), 13(c), 14, and 15(d) of
the 1934 Act, after the date of this Registration Statement and prior to the
filing of a post-effective amendment that indicates that all securities offered
hereby have been sold or that deregisters all securities then remaining unsold
shall be deemed to be incorporated by reference into this Registration
Statement and to be a part hereof from the date of filing of such documents.
Any document and any statement contained in a document incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein, or in any other subsequently filed document that
also is incorporated or deemed to be incorporated by reference herein, modifies
or supersedes such document or statement. Any such document or statement so
modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement. Subject to
the foregoing, all information appearing in this Registration Statement is
qualified in its entirety by the information appearing in the documents
incorporated by reference.
Item 4. Description of Securities
$8,500,000 of Obligations are being registered under this Registration
Statement to be offered to certain eligible highly-compensated employees and
non-employee directors ("Participants") of the Registrant pursuant to the Plan.
The Obligations are general unsecured obligations of the Registrant to pay
deferred compensation in the future in accordance with the terms of the Plan,
and rank
pari passu
with other unsecured and unsubordinated indebtedness of the
Registrant from time to time outstanding.
Table of Contents
The amount of compensation deferred by each Participant is based on
semi-annual elections made by each Participant. Pursuant to any one election,
the minimum amount that can be deferred is $2,500 and the maximum amount is (i)
(A) 80% of an employee Participant's base salary and (B) 100% of an employee
Participant's cash bonus, or (ii) 100% of a non-employee director Participant's
director's fees, all paid in respect of the applicable semi-annual period. In
addition, certain Participants selected by the compensation committee (the
"Committee") are permitted to defer receipt of gain from the exercise of
qualifying options to acquire the common stock of the Registrant ("Qualifying
Stock Option Gain"), provided that such options are exercised using a
stock-for-stock exercise method. Deferred compensation is credited to a
Participant's "Account," and deferred Qualifying Stock Option Gain is credited
to a Participant's "Stock Option Subaccount," at the time such amounts
otherwise would have been paid to the Participant. The Account and Stock
Option Subaccount are bookkeeping entries only and are utilized solely as a
device for the measurement and determination of the benefits to be paid to a
Participant under the Plan.
Obligations consist of an amount equal to each Participant's Account
balance under the Plan, which includes amounts credited to a Participant's
Stock Option Subaccount as well as other amounts credited as described below.
Each Participant has the sole authority to designate the manner in which his
Account balance is invested among certain hypothetical investment options
available under the Plan, and his Account balance is credited with the actual
financial performance or earnings generated by such investments. A
Participant's Stock Option Subaccount only is deemed to be invested in the
common stock of the Registrant and only is credited with the actual financial
performance of such common stock, including stock dividends. It is possible
for the value of a Participant's Account balance to decrease as a result of
decreases in the value of the hypothetical investments or decreases in the
value of the Registrant's common stock, as applicable.
Participants elect to receive distribution of their Account balance (i)
upon reaching a specified age; (ii) upon passage of a specified number of
years; (iii) upon termination of employment (or service); (iv) upon the
earlier to occur of (A) termination of employment (or service) or (B) passage
of a specified number of years or attainment of a specified age; or (v) upon
the later to occur of (A) termination of employment (or service) or (B) passage
of a specified number of years or attainment of a specified age; except that
Participants make a separate distribution election as to their Stock Option
Subaccount. Participants also make a distribution election to receive the
balance of their Accounts in cash either in the form of a lump sum or in equal
annual installments over five or ten years as the Participant designates;
except that Participants make a separate election as to the timing of
distributions from their Stock Option Subaccount, which are made only in the
form of the common stock of the Registrant. A Participant may change his
distribution elections by making new elections, which are effective as of the
later of the date that is six months following the date the new elections are
made, or the first day of the plan year following the plan year in which the
new elections are made, and such new elections apply to the Participant's
entire Account; except that any changes to a Participant's distribution
elections as to his Stock Option Subaccount must be made separately. Payments
are made to Participants based on their elections described above, provided
that no payment is permitted to be made under the Plan to the extent that the
receipt of such payment, when combined with the receipt of all other
"applicable employee remuneration" (as defined in Section 162(m)(4) of the
Internal Revenue Code of 1986, as amended (the "Code")) would cause any
remuneration received to be nondeductible by the Registrant under Code Section
162(m)(1). Any benefits not distributable according to a Participant's
elections as a result of this limitation instead are distributed to the
Participant in subsequent years.
If the Participant experiences a financial Hardship, as defined under the
Plan, the Participant may petition the Committee to receive a partial or full
payout from his Account balance, not to exceed the amount reasonably needed to
satisfy the emergency. In order to receive a Hardship distribution, the
Participant must show that the need cannot be satisfied by other resources
reasonably available, including insurance proceeds. A Participant who receives
a Hardship distribution is not eligible to defer additional amounts under the
Plan until the second anniversary of the date of the Hardship distribution.
If a Participant terminates employment (or service in the case of a
non-employee director Participant) on account of death or Permanent Disability
(as defined in the Plan) before distributions of his or her Account balance
otherwise would occur, the Participant or his or her designated beneficiary is
entitled to receive all amounts credited to the Account as of the date of
termination. If a Participant terminates employment (or service) for any other
2
Table of Contents
reason before distribution of his or her Account balance otherwise would
occur, distributions are made pursuant to such Participant's elections unless
the Committee decides, in its sole discretion, that payment is to be made as of
the date of termination. In either case, payments are made in the form (lump
sum or annual installments) designated by the Participant's distribution
election. Upon the death of a Participant prior to complete distribution of
his entire Account balance, the unpaid balance is payable to the Participant's
beneficiary in the form elected by the Participant, or, at the request of the
beneficiary and at the discretion of the Committee, in a lump sum.
Notwithstanding any other provisions of the Plan, Participants' Account
balances are paid in a lump sum thirty days after any Change of Control, as
defined in the Plan. With respect to any and all payouts of Account balances
under the Plan, the Registrant has the right to withhold taxes as required by
law.
The Plan is administered by the Committee, whose determinations and
decisions are conclusive and binding on all persons who at any time have or
claim to have any interest whatever under the Plan. The Committee has the
right to amend the Plan at any time provided that such amendment does not
affect adversely benefits payable to a Participant without such Participant's
written consent. The Committee also has the right to terminate the Plan at any
time and to direct lump sum payment of all Account balances under the Plan.
A Participant's Obligations cannot be transferred or assigned, nor be made
subject to alienation, anticipation, encumbrance, garnishment, attachment,
execution, or levy of any kind, whether voluntary or involuntary, nor subject
to the debts, contracts, liabilities, engagements, or torts of the Registrant
or any beneficiary of a Participant. Any attempt to alienate, anticipate,
encumber, sell, transfer, assign, pledge, garnish, attach, or otherwise subject
to legal or equitable process or encumber, or dispose of any Obligation is
void.
Item 5. Interests of Named Experts and Counsel
Not Applicable.
Item 6. Indemnification of Directors and Officers
Section 145 of the Delaware General Corporation Law permits a corporation
to indemnify any of its directors or officers who was or is a party or is
threatened to be made a party to any third party proceeding by reason of the
fact that such person was or is a director or officer of the corporation,
against expenses (including attorneys' fees), judgments, fines, and amounts
paid in settlement actually and reasonably incurred by such person in
connection with such action, suit, or proceeding, if such person acted in good
faith and in a manner such person reasonably believed to be in or not opposed
to the best interests of the corporation, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe that such person's
conduct was unlawful. In a derivative action, i.e., one by or in the right of
a corporation, the corporation is permitted to indemnify any of its directors
or officers against expenses (including attorneys' fees) actually and
reasonably incurred by such person in connection with the defense or settlement
of such action or suit if such person acted in good faith and in a manner such
person reasonably believed to be in or not opposed to the best interests of the
corporation, except that no indemnification shall be made if such person shall
have been adjudged liable to the corporation, unless and only to the extent
that the court in which such action or suit was brought shall determine upon
application that such person is fairly and reasonably entitled to indemnity for
such expenses despite such adjudication of liability.
Article VII of the Registrant's currently effective Certificate of
Incorporation eliminates the personal liability of its directors for monetary
damages for breach of fiduciary duty as a director, except for liability: (i)
for any breach of the director's duty of loyalty to the corporation or its
stockholders; (ii) for acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law; (iii) under Section 174
of the Delaware General Corporation Law; or (iv) for any transaction from
which the director derived an improper personal benefit. In addition, as
permitted by Section 145 of the Delaware General Corporation Law, the Bylaws of
the Registrant provide that: (a) the Registrant is required to indemnify its
directors and officers and persons serving in such capacities in other business
entities (including, for example, subsidiaries of the Registrant) at the
Registrant's request (such directors, officers, and other persons are
collectively, "Covered Persons"), to the fullest extent permitted by Delaware
law, including those circumstances in which indemnification otherwise would be
discretionary; (b) the Registrant is required to advance expenses, as
incurred, to such Covered Persons in connection with defending a proceeding;
(c) the indemnitee(s) of the Registrant have the right to bring suit, and to
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be paid the expenses of prosecuting such suit if successful, to enforce
the rights to indemnification or to advancement of expenses under the Bylaws;
(d) the rights conferred in the Bylaws are not exclusive and the Registrant is
authorized to enter into indemnification agreements with such directors,
officers and employees; (e) the Registrant is required to maintain director
and officer liability insurance to the extent reasonably available; and (f)
the Registrant may not retroactively amend the Bylaws indemnification provision
in a way that is adverse to such Covered Persons.
The Registrant has entered into indemnity agreements with each of its
executive officers and directors that provide the maximum indemnity allowed to
officers and directors by Section 145 of the Delaware General Corporation Law
and the Bylaws, as well as certain additional procedural protections. The
Registrant also maintains a limited amount of director and officer insurance.
The indemnification provision in the Bylaws, and the indemnity agreements
entered into between the Registrant and its officers or directors, may be
sufficiently broad to permit indemnification of the Registrant's officers and
directors for liability arising under the Securities Act of 1933, as amended
(the "1933 Act").
Item 7. Exemption from Registration Claimed
Not Applicable.
Item 8. Exhibits
Exhibit
Number
Exhibit
4.1
Cadence Design Systems, Inc. 1994 Deferred Compensation Plan.
5.1
Opinion of Gibson, Dunn & Crutcher LLP.
23.1
Independent Auditors' Consent.
23.2
Consent of Arthur Andersen LLP, Independent Public Accountants.
23.3
Consent of Gibson, Dunn & Crutcher LLP (contained in Exhibit 5.1).
24.1
Power of Attorney (included on the signature pages to this Registration
Statement on Form S-8).
Item 9. Undertakings
A.     The undersigned Registrant hereby undertakes: (1) to file, during any
period in which offers or sales are being made, a post-effective amendment to
this Registration Statement (i) to include any prospectus required by Section
10(a)(3) of the 1933 Act; (ii) to reflect in the prospectus any facts or
events arising after the effective date of this Registration Statement (or the
most recent post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in this
Registration Statement; and (iii) to include any material information with
respect to the plan of distribution not previously disclosed in this
Registration Statement or any material change to such information in this
Registration Statement; provided, however, that clauses (1)(i) and (1)(ii)
shall not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed by the
Registrant pursuant to Section 13 or Section 15(d) of the 1934 Act that are
incorporated by reference into this Registration Statement; (2) that for the
purpose of determining any liability under the 1933 Act, each such
post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial
bona fide
offering thereof; and
(3) to remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold upon the termination of the
offering.
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B.     The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the 1933 Act, each filing of the Registrant's
annual report pursuant to Section 13(a) or Section 15(d) of the 1934 Act that
is incorporated by reference into this Registration Statement shall be deemed
to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the
initial
bona fide
offering thereof.
C.     Insofar as indemnification for liabilities arising under the 1933 Act
may be permitted to directors, officers, and controlling persons of the
Registrant pursuant to the indemnity provisions incorporated by reference in
Item 6, or otherwise, the Registrant has been advised that in the opinion of
the Commission such indemnification is against public policy as expressed in
the 1933 Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer, or controlling person in
connection with the securities being registered, the Registrant will, unless in
the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the 1933
Act and will be governed by the final adjudication of such issue.
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EXPLANATORY NOTE REGARDING CONSENT OF ARTHUR ANDERSEN LLP
On March 22, 2002, the Registrant announced that it had appointed KPMG LLP
to replace Arthur Andersen LLP ("Andersen") as the Registrant's independent
auditors. The Registrant's consolidated balance sheet as of December 29, 2001
and the related consolidated statements of operations, stockholders' equity and
cash flows for each of the two fiscal years in the period ended December 29,
2001, incorporated by reference in this Registration Statement, have been
audited by Andersen, as stated in its report dated March 11, 2002, which is
incorporated by reference herein. After reasonable efforts, the Registrant has
been unable to obtain Andersen's consent to the incorporation by reference into
this Registration Statement of its report with respect to these financial
statements. Under these circumstances, Rule 437a under the Securities Act of
1933 permits us to file this Registration Statement without a written consent
from Andersen. The absence of such consent may limit recovery by investors on
certain claims. In particular, and without limitation, investors will not be
able to assert claims against Andersen under Section 11 of the Securities Act.
In addition, the ability of Andersen to satisfy any claims (including claims
arising from Andersen's provision of auditing and other services to us) may be
limited as a practical matter due to recent events regarding Andersen.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8, and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of San Jose, State of California, on
this 21st day
of May, 2003.
CADENCE DESIGN SYSTEMS, INC.
By:
/s/ H. Raymond Bingham
H. Raymond Bingham
President, Chief Executive Officer and
Director
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints H. Raymond Bingham, William Porter, and
R.L. Smith McKeithen, and each of them, his or her true and lawful
attorney-in-fact and agent, with full power of substitution and resubstitution,
for him or her and in his or her name, place and stead, in any and all
capacities, to sign any and all amendments (including post-effective
amendments) to this Registration Statement, and to file the same, with all
exhibits thereto, and other documents in connection therewith, with the
Commission, granting unto said attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite and necessary to be done in connection therewith, as fully to all
intents and purposes as he or she might or could do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents, or any of them, or
their or his substitutes or substitute, may lawfully do or cause to be done by
virtue hereof.
Pursuant to the requirements of 1933 Act, as amended, this Registration
Statement has been signed below by the following persons in the capacities and
on the dates indicated.
Signature
Title
Date
/s/ H. Raymond Bingham
H. Raymond Bingham
President, Chief Executive Officer
and Director (Principal Executive
Officer)
May 21, 2003
/s/ William Porter
William Porter
Senior Vice President, Chief Financial
Officer (Principal Financial Officer
and Principal Accounting Officer)
May 21, 2003
/s/ Susan L. Bostrom
Susan L. Bostrom
Director
May 21, 2003
/s/ Dr. Leonard Y.W. Liu
Dr. Leonard Y. W. Liu
Director
May 20, 2003
/s/ Donald L. Lucas
Donald L. Lucas
Director
May 21, 2003
/s/ Sean M. Maloney
Sean M. Maloney
Director
May 21, 2003
/s/ Dr. Alberto Sangiovanni-
Vincentelli
Dr. Alberto Sangiovanni-Vincentelli
Director
May 21, 2003
/s/ George M. Scalise
George M. Scalise
Director
May 21, 2003
/s/ Dr. John B. Shoven
Dr. John B. Shoven
Director
May 21, 2003
/s/ Roger S. Siboni
Roger S. Siboni
Director
May 21, 2003
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Pursuant to the requirements of the 1933 Act, the Committee has duly
caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the city of San Jose, State of
California, on this 21st day of May, 2003.
CADENCE DESIGN SYSTEMS, INC. 1994
DEFERRED COMPENSATION PLAN
By:
/s/ R.L. Smith McKeithen
R.L. Smith McKeithen,
on behalf of the Compensation
Committee of the
Board of Directors of Cadence Design
Systems, Inc.,
administrator of the
Cadence Design Systems, Inc. 1994
Deferred Compensation Plan
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EXHIBIT INDEX
Exhibit Number
Exhibit
4.1
Cadence Design Systems, Inc. 1994 Deferred Compensation Plan.
5.1
Opinion of Gibson, Dunn & Crutcher LLP.
23.1
Independent Auditors' Consent.
23.2
Consent of Arthur Andersen LLP, Independent Public Accountants.
23.3
Consent of Gibson, Dunn & Crutcher LLP (contained in Exhibit 5.1).
24.1
Power of Attorney (included on the signature pages to this Registration
Statement on Form S-8).