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EX-10.1 - EXHIBIT 10.1 - ANSYS INCexh_101.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of Earliest Event Reported): May 1, 2017

 

 

 

ANSYS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 
         
Delaware   0-20853   04-3219960

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

     
2600 ANSYS Drive, Canonsburg, PA   15317
(Address of Principal Executive Offices)   (Zip Code)

 

(Registrant’s Telephone Number, Including Area Code) (724) 746-3304

 

 

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 (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

    Emerging growth company
       
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On May 1, 2017, ANSYS, Inc. (the “Company”) entered into an agreement and general release with Walid Abu-Hadba, pursuant to which Mr. Abu-Hadba, as previously announced, resigned as the Company’s Chief Product Officer effective as of May 1, 2017. The agreement and general release provides for, among other things, (i) a cash separation payment equal to approximately $202,894, (ii) a general release of claims by Mr. Abu-Hadba in favor of the Company and (iii) the termination of all of Mr. Abu-Hadba’s outstanding unvested equity awards.

 

The foregoing summary of the agreement and general release and its terms is qualified in its entirety by reference to the agreement and general release, a copy of which is filed hereto as Exhibit 10.1 and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

     

Exhibit
No.

 

Description

   
10.1    Agreement and General Release by and between the Company and Walid Abu-Hadba, dated May 1, 2017.
   
     

 

 

 

SIGNATURE

 

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.

 

             
        ANSYS, INC.
       
Date: May 1, 2017       By:  

/s/Maria T. Shields

            Maria T. Shields, Chief Financial Officer