Harmonic CEO Patrick Harshman to retire; Nimrod Ben-Natan appointed as CEO; Q1 revenue guidance $121-123M

HARMONIC INC.

Patrick Harshman retiring as CEO effective June 11, 2024; Nimrod Ben-Natan, SVP/GM Broadband, appointed successor.
Board concludes Video business strategic review; no sale under current conditions; will focus on profitable growth.
Updated Q1 2024 revenue guidance: total $121-123M, Broadband $78.5-79.5M, Video $42.5-43.5M.
Investor Day planned for mid-June 2024 to discuss long-term strategy and growth plans.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Nimrod Ben-Natan

Chief Executive Officer

HLIT · HARMONIC INC.

Effective: 2024-06-11
Filed: April 8, 2024, 7:59 PM ET

Nimrod Ben-Natan, currently Senior Vice President and General Manager of the Company’s Broadband business, has been appointed as CEO of the Company by the Company’s board of directors (the “Board”), effective as of the Effective Date.

Departed

Patrick Harshman

President and Chief Executive Officer

HLIT · HARMONIC INC.

Effective: 2024-06-11
Successor: Nimrod Ben-Natan
Filed: April 8, 2024, 7:59 PM ET

Patrick Harshman, the Company’s President and Chief Executive Officer (“CEO”), will retire as CEO, effective as of June 11, 2024

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HARMONIC INC. reported first quarter 2024 results: revenue $121 million to $123 million. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $121 million to $123 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Harmonic management expects total Company first quarter 2024 revenue to be in the range of $121 million to $123 million.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Nimrod Ben-Natan was appointed as Chief Executive Officer at HARMONIC INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Nimrod Ben-Natan, currently Senior Vice President and General Manager of the Company’s Broadband business, has been appointed as CEO of the Company by the Company’s board of directors (the “Board”), effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Patrick Harshman departed as President and Chief Executive Officer at HARMONIC INC..

Action: will retire
Role: President and Chief Executive Officer

Exact text from the filing

Patrick Harshman, the Company’s President and Chief Executive Officer (“CEO”), will retire as CEO, effective as of June 11, 2024

View on SEC.gov

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HARMONIC INC. filing history →

Source: SEC EDGAR

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