Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
Departure of Director
On November 6, 2018, James E. Brancheau, notified the board of directors (the Board) of Altair Engineering Inc. (the
Company) that he will resign as a member of the Board, effective December 31, 2018, for personal reasons.
Appointment of New
Director
Upon the recommendation of the Companys Nominating and Corporate Governance Committee, on November 6, 2018,
the Board appointed Brett Chouinard, age 53, to serve as a director, effective December 31, 2018, to fill the vacant director position that will be created by the resignation of Mr. Brancheau. Mr. Chouinard will hold this position
until the 2021 annual meeting of the Companys stockholders or until his successor is elected and qualified, subject to his earlier resignation or removal. Mr. Chouinard will join the Companys newly-formed Technology Committee,
comprised of Mary Boyce (Chairperson), Jan Kowal and, until December 31, 2018, James Brancheau. The Technology Committee was created to assist the Company with the evaluation, implementation and utilization of technology.
Brett Chouinard has served as the Companys President since January 1, 2018. He is also the Companys Chief Operating Officer,
a position he has held since January 2010. Prior to his role as the Companys Chief Operating Officer, Mr. Chouinard served in various roles with Altair since 1994. Prior to joining Altair, Mr. Chouinard worked as an engineer at GE
Aircraft, a subsidiary of General Electric, Inc. specializing in aircraft engines. Mr. Chouinard holds a bachelors degree in mechanical engineering from Michigan Technological University and a masters degree in mechanical
engineering from the University of Cincinnati. The Company believes Mr. Chouinard is qualified to serve on the Board because of his substantial leadership experience, his engineering expertise and his deep understanding of the technology,
culture and operations of Altair.
The Company has entered into an indemnification agreement with Mr. Chouinard on the Companys
standard form of indemnification agreement, a copy of which was previously filed with the Securities and Exchange Commission.
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