VIAVI appoints Ilan Daskal as EVP and CFO effective Nov 7, 2023; compensation details disclosed

VIAVI SOLUTIONS INC.

Ilan Daskal named EVP/CFO effective Nov 7, replacing interim CFO Pamela Avent who returns to Global Controller.
Base salary $570K; target bonus 100% of base; $500K signing bonus (subject to 12-month clawback).
New hire equity: $2.25M time-based RSUs + $2.25M performance-based RSUs, 4-year vest.
FY24 focal awards: $1.25M time-based RSUs + $1.25M performance-based RSUs; FY25 awards of $2.5M additional.
Severance: 18 months base salary plus healthcare if terminated without cause outside a change of control.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Ilan Daskal

Executive Vice President and Chief Financial Officer

VIAV · VIAVI SOLUTIONS INC.

Effective: 2023-11-07
Filed: October 18, 2023, 7:59 PM ET

On October 18, 2023, Viavi Solutions Inc. (“ VIAVI ” or the “ Company ”) announced that, effective November 7, 2023, Ilan Daskal would join the Company as Executive Vice President and Chief Financial Officer.

Role change

Pamela Avent

Interim Chief Financial Officer

VIAV · VIAVI SOLUTIONS INC.

Effective: 2023-11-07
Successor: Ilan Daskal
Filed: October 18, 2023, 7:59 PM ET

Upon commencement of Mr. Daskal’s employment with the Company, Pamela Avent, who is currently serving as the Company’s Interim Chief Financial Officer, will resume her role as Global Controller.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ilan Daskal was appointed as Executive Vice President and Chief Financial Officer at VIAVI SOLUTIONS INC..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On October 18, 2023, Viavi Solutions Inc. (“ VIAVI ” or the “ Company ”) announced that, effective November 7, 2023, Ilan Daskal would join the Company as Executive Vice President and Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Pamela Avent changed role as Interim Chief Financial Officer at VIAVI SOLUTIONS INC..

Action: resumed her role as Global Controller
Role: Interim Chief Financial Officer

Exact text from the filing

Upon commencement of Mr. Daskal’s employment with the Company, Pamela Avent, who is currently serving as the Company’s Interim Chief Financial Officer, will resume her role as Global Controller.

View on SEC.gov

VIAVI SOLUTIONS INC. filing history →

Source: SEC EDGAR

accession 0000912093-23-000052

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