8-K
ANSYS INC false 0001013462 0001013462 2023-11-29 2023-11-29

 

 

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): November 29, 2023

 

 

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)
  (IRS Employer
Identification No.)

 

2600 ANSYS Drive, Canonsburg, PA   15317
(Address of principal executive offices)   (Zip Code)

(844) 462-6797

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock, $0.01 par value per share   ANSS   Nasdaq Stock Market LLC
(Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

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 November 29, 2023, Nicole Anasenes notified ANSYS, Inc. (the “Company”) that, after three years as the Company’s Chief Financial Officer and Senior Vice President of Finance, she intends to resign. Ms. Anasenes’ decision to resign arose from her desire to focus full-time on her advisory and board work. Ms. Anasenes was recruited to the Company from the Company’s Board of Directors in 2020 and has been instrumental in helping the Company navigate financial and business growth for the last three years.

Ms. Anasenes is expected to leave the Company in the second quarter of 2024 and looks forward to supporting the Company with the transition. The Company has launched a formal search for its next Chief Financial Officer, which will include both internal and external candidates.

 

Item 7.01.

Regulation FD Disclosure

On December 4, 2023, the Company issued a press release announcing Ms. Anasenes’ intention to resign as the Company’s Chief Financial Officer. The text of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

Additionally, the Company reaffirms its full year guidance for 2023 revenue, operating margin, diluted earnings per share, annual contract value (“ACV”), and unlevered operating cash flows. The Company also reaffirms its commitment to initiate full year 2024 guidance with ACV of around 10% constant currency growth excluding tuck-in M&A as well as its long-term outlook from 2022 to 2025 of 12% constant currency ACV growth, including tuck-in M&A, and $3 billion of cumulative unlevered operating cash flows, as described in its November 1, 2023 earnings release.

This information in this item is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless specifically incorporated by reference in a document filed under the Securities Act of 1933 or the Exchange Act.

 

Item 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

99.1    Press release dated December 4, 2023
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

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: December 4, 2023     By:  

/s/ Janet Lee

      Janet Lee
      Senior Vice President, General Counsel and Secretary
EX-99.1

Exhibit 99.1

 

LOGO    LOGO

Ansys Announces Executive Departure

Chief Financial Officer Nicole Anasenes to depart company next year to focus on advisory and board work

PITTSBURGH, December 4, 2023 Ansys (NASDAQ: ANSS) today announced that Nicole Anasenes, chief financial officer and senior vice president of finance, will depart the company in the second quarter of 2024. Ansys has launched a search for a new chief financial officer, whom Anasenes will help to transition into the role.

“Nicole is one of the smartest and most capable executives I have had the pleasure of working with,” said Ansys President and CEO Ajei Gopal. “After being recruited from the Ansys Board of Directors in 2020, Nicole has helped drive our business and financial success. She has also played an instrumental role in our corporate transformation roadmaps. Nicole will leave Ansys next year to focus on her advisory and board work, where I know she will again make a tremendous difference.”

“From my tenure as an Ansys director to my operational duties as chief financial officer, my time with Ansys has been some of the most rewarding of my career,” Anasenes said. “I leave Ansys to focus on board work while knowing that the company has a bright future ahead of it. Ansys has an exceptional combination of the best products, the best leadership and the best team of professionals in the industry, which is why companies around the world rely on our solutions. I’m looking forward to helping Ansys’ new chief financial officer transition into this amazing company.”

Additionally, Ansys is reaffirming its full-year guidance for 2023 revenue, operating margin, diluted earnings per share, annual contract value (ACV), and unlevered operating cash flows. The company also reaffirms its commitment to initiate full-year 2024 guidance with ACV of around 10% constant-currency growth, excluding tuck-in M&A as well as its long-term outlook from 2022 to 2025 of 12% constant currency ACV growth, including tuck-in M&A, and $3 billion of cumulative unlevered operating cash flows, as described in its November 1, 2023, earnings release.

/ About Ansys

Our Mission: Powering Innovation that Drives Human Advancement

When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.


ANSS–F

 

/ Contacts

Media         Mary Kate Joyce

724.820.4368

marykate.joyce@ansys.com

Investors     Kelsey DeBriyn

724.820.3927

kelsey.debriyn@ansys.com