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<TYPE>8-K
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<PERIOD>20040512
<ITEMS>9
<FILING-DATE>20040512
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CADENCE DESIGN SYSTEMS INC
<CIK>0000813672
<ASSIGNED-SIC>7372
<IRS-NUMBER>770148231
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0102
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<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-10606
<FILM-NUMBER>04798487
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<BUSINESS-ADDRESS>
<STREET1>2655 SEELY ROAD BLDG 5
<CITY>SAN JOSE
<STATE>CA
<ZIP>95134
<PHONE>4089431234
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>555 RIVER OAKS PARKWAY
<CITY>SAN JOSE
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<FORMER-CONFORMED-NAME>ECAD INC /DE/
<DATE-CHANGED>19880609
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<FILENAME>f98977e8vk.htm
<DESCRIPTION>FORM 8-K
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<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>


<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="15%">


<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>


<P align="center" style="font-size: 10pt"><B>CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF<BR>
THE SECURITIES EXCHANGE ACT OF 1934</B>



<P align="center" style="font-size: 10pt">Date of Report (Date of Earliest Event Reported):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B>May&nbsp;12, 2004</B>


<P align="center" style="font-size: 24pt"><B>CADENCE DESIGN SYSTEMS, INC.</B>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in its Charter)</DIV>


<DIV align="center">
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    <TD width="31%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>DELAWARE</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-10606</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>77-0148231</B></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction of<BR>
Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer Identification No.)</TD>
</TR>


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<P align="center" style="font-size: 10pt"><B>2655 SEELY AVENUE, BUILDING 5<BR>
SAN JOSE, CALIFORNIA 95134</B><BR>
(Address of Principal Executive Offices) (Zip Code)



<P align="center" style="font-size: 10pt">Registrant&#146;s Telephone Number, Including Area Code: <B>(408)&nbsp;943-1234</B>



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<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;9. Regulation&nbsp;FD Disclosure.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">Signature</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="f98977exv99w1.htm">EXHIBIT 99.1</A></TD></TR>
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<P align="left" style="font-size: 10pt"><B>Item&nbsp;9. Regulation&nbsp;FD Disclosure.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May&nbsp;12, 2004, Cadence Design Systems, Inc., a Delaware corporation (the
&#147;Registrant&#148;), issued a press release announcing the appointment of Michael J.
Fister as President and Chief Executive Officer, succeeding H. Raymond Bingham,
who has been appointed as Chairman of the Board of Directors of the Registrant.
The press release also announced the appointment of Roger S. Siboni as lead
director. A copy of the press release is attached hereto as Exhibit&nbsp;99.1 and
incorporated by reference herein.


<P align="center" style="font-size: 10pt">&nbsp;
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<P align="center" style="font-size: 10pt"><B>Signature</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dated as of May&nbsp;12, 2004.

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    <TD colspan="3" valign="top" align="left"><B>CADENCE DESIGN SYSTEMS, INC.</B></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ R.L. Smith McKeithen
<HR align="center" size="1" noshade width="100%"></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">R.L. Smith McKeithen</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and General Counsel</TD>
</TR>


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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
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    <TD align="left" valign="top">Press Release of the Registrant issued on May&nbsp;12, 2004.</TD>
</TR>


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<P align="right" style="font-size: 10pt">EXHIBIT 99.1


<P align="center" style="font-size: 10pt"><B>Cadence Design Systems Names Michael J. Fister, Former Top Intel Executive,<BR>
as President and CEO</B>



<P align="center" style="font-size: 10pt">Ray Bingham Elected Chairman of the Board


<P align="left" style="font-size: 10pt">San Jose, CA , May&nbsp;12, 2004 &#150; Cadence Design Systems, Inc. (NYSE: CDN) today
announced that Michael J. Fister has been named president and chief executive
officer, succeeding Ray Bingham, who has been elected chairman of the Cadence
Board of Directors. Mr.&nbsp;Bingham will continue as a full-time executive, working
with Mr.&nbsp;Fister to help ensure a seamless transition. Former chairman Donald L.
Lucas will continue on the Board as a director. The appointments are effective
immediately.


<P align="left" style="font-size: 10pt">Mr.&nbsp;Fister was most recently senior vice president at Intel Corporation and
general manager of the Enterprise Platforms Group, which designs, markets, and
supports building blocks for enterprise computing. During his tenure, Intel
garnered commanding market segment share and introduced the Itanium&#153; processor
family which leads in virtually every performance benchmark category. Other
products include a complement of IA-32 Xeon processors, chipsets,
boards/systems, and software tools and services.


<P align="left" style="font-size: 10pt">&#147;Mike brings a combination of deep design and semiconductor manufacturing
expertise and leadership experience at one of Intel&#146;s largest business groups,&#148;
said Ray Bingham, chairman of the Cadence Board of Directors. &#147;At Intel, one of
his strategic contributions was to develop and deliver the end-to-end
enterprise solutions desired by CIOs. As a result, he was a driving force in
elevating Intel&#146;s position to that of a trusted advisor and true partner with
its customers; with Mike on board, we have the opportunity to solidify a
similar position for Cadence.&#148;


<P align="left" style="font-size: 10pt">&#147;I am excited about this opportunity to lead Cadence through the next phase in
the evolution of semiconductor and system design,&#148; said Mike Fister, president
and CEO of Cadence. &#147;As a former customer, I look forward to working with our
management team and employees to further strengthen Cadence&#146;s global technology
leadership and the role of the entire electronic design automation industry in
enabling our customers to build even more complex devices and achieve greater
profitability in their markets.&#148;


<P align="left" style="font-size: 10pt">Mr.&nbsp;Fister first joined Intel in 1987, was appointed an Intel vice president in
1996, elected a corporate vice president in 2000, and promoted to senior vice
president in 2002. He was responsible for the design, development, and
marketing of IA-32 processors, including the last versions of the Intel486&#153;, as
well as Pentium&#174; Pro, Pentium&#174; II, Pentium&#174; III, Celeron&#174;, Pentium&#174; II Xeon&#153;,
and Pentium&#174;III Xeon processors. Mr.&nbsp;Fister received his bachelor&#146;s and
master&#146;s degrees in electrical engineering from the University of Cincinnati.


<P align="left" style="font-size: 10pt">&#147;These appointments represent a tremendous opportunity for Cadence,&#148; said Don
Lucas, member of the Cadence Board of Directors and former Chairman of the
Board. &#147;With Mike&#146;s technology background and the experience and deep business
acumen Ray Bingham will contribute, Cadence is positioned for future market
success and long-term growth.&#148;



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<P align="left" style="font-size: 10pt">In addition to his new role leading the Board of Directors as chairman, Mr.
Bingham will have day-to-day responsibilities working closely with Mr.&nbsp;Fister
to assure a smooth leadership transition. He will also continue to focus on the
company&#146;s global growth strategies to strengthen customer and partner
relationships, shareholder and investor communications, and industry and public
issues important to Cadence.


<P align="left" style="font-size: 10pt">Mr.&nbsp;Bingham joined Cadence in 1993 and was executive vice president and chief
financial officer until being appointed president and CEO in 1999. Bingham was
instrumental in transforming Cadence from a $369&nbsp;million supplier of electronic
design automation tools to $1.1&nbsp;billion in 2003.This growth was fueled by Mr.
Bingham&#146;s success in establishing global strategic partnerships with companies
such as IBM, Agilent, Hewlett-Packard, and Fujitsu. He also serves on the
boards of directors of KLA-Tencor and Oracle Corporation.


<P align="left" style="font-size: 10pt">The Board today also named Roger Siboni, chairman and former CEO of E.piphany,
to be lead director. Mr.&nbsp;Siboni has served on the Cadence Board of Directors
since 1999, and chairs the Board&#146;s Audit committee. Before leading E.piphany,
he was deputy chairman and chief operating officer of KPMG LLP. The lead
director position being filled by Mr.&nbsp;Siboni is provided for in the Corporate
Governance Guidelines of Cadence&#146;s Board of Directors. These guidelines and
related governance materials may be accessed on Cadence&#146;s corporate website at
http://www.cadence.com/company/investor_relations/governance.aspx.


<P align="left" style="font-size: 10pt"><B>About Cadence</B><br>
Cadence is the largest supplier of electronic design technologies, methodology
services, and design services. Cadence solutions are used to accelerate and
manage the design of semiconductors, computer systems, networking and
telecommunications equipment, consumer electronics, and a variety of other
electronics-based products. With approximately 4,800 employees and 2003
revenues of approximately $1.1&nbsp;billion, Cadence has sales offices, design
centers, and research facilities around the world. The company is headquartered
in San Jose, Calif., and traded on the New York Stock Exchange under the symbol
CDN. More information about the company, its products and services is available
at www.cadence.com.


<P align="left" style="font-size: 10pt"><I>The statements contained above include forward looking statements based on
current expectations or beliefs, as well as a number of preliminary assumptions
about future events that are subject to factors and uncertainties that could
cause actual results to differ materially from those described in the forward
looking statements. Readers are cautioned not to put undue reliance on these
forward looking statements, which are not a guarantee of future performance and
are subject to a number of uncertainties and other factors, many of which are
outside Cadence&#146;s control, including, among others: Cadence&#146;s ability to
compete successfully in the design automation product and the commercial
electronic design and methodology services industries; the mix of products and
services sold and the timing of significant orders for its products; economic
uncertainty; fluctuations in rates of exchange between the U.S. dollar and the
currencies of other countries in which Cadence does business; and the
acquisition of other companies or the failure to successfully integrate those
it acquires.</I>


<P align="left" style="font-size: 10pt"><I>For a detailed discussion of these and other cautionary statements, please
refer to the company&#146;s filings with the Securities and Exchange Commission,
including the company&#146;s Annual Report on Form 10-K for the year ended January
3, 2004 and Quarterly Report on Form 10-Q for the 3&nbsp;months ended April&nbsp;3, 2004.</I>


<P align="left" style="font-size: 10pt"><I>Cadence and the Cadence logo are registered trademarks of Cadence Design
Systems, Inc. All other trademarks are the property of their respective owners.</I>



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<P align="center" style="font-size: 10pt">###



<P align="left" style="font-size: 10pt"><B>Conference Call Today at 8:30 a.m. PDT</B><br>
Cadence will host a listen-only conference call and a question-and-answer
session with financial analysts to follow today at 8:30 a.m. PDT. The call-in
numbers are as follows:


<P align="left" style="font-size: 10pt">U.S. and International: 212-271-4514


<P align="left" style="font-size: 10pt">The call will simultaneously be webcast at:<br>
www.cadence.com/company/investor_relations


<P align="left" style="font-size: 10pt">An audio replay of the conference call will be available approximately two
hours after the conference call has ended, until 5:00 p.m. on May&nbsp;19, 2004.



<P align="left" style="font-size: 10pt">Replay U.S.: 800-633-8284<BR>
Replay International: 402-977-9140<BR>
(You must reference the conference reservation number 21195688)

<P align="left" style="font-size: 10pt">Contact:<BR>
&nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems, Inc.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;Adolph Hunter, 408-428-5882<BR>
&nbsp;&nbsp;&nbsp;&nbsp;Corporate Communications<BR>
&nbsp;&nbsp;&nbsp;&nbsp;Adolph@cadence.com<BR>
&nbsp;&nbsp;&nbsp;&nbsp;Alan Lindstrom, 408-944-7100<BR>
&nbsp;&nbsp;&nbsp;&nbsp;Investors and Shareholders<BR>
&nbsp;&nbsp;&nbsp;&nbsp;Investor_relations@cadence.com



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