secwatch.observer — SEC 8-K summary
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Issuer:     DarioHealth Corp. (DRIO)
CIK:        0001533998
Form:       8-K
Filed at:   2025-04-21T23:59:59+00:00
Accession:  0001104659-25-036910
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DarioHealth CFO Zvi Ben-David resigns; Chen Franco-Yehuda appointed CFO effective May 15, 2025
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- Zvi Ben-David resigns as CFO, Treasurer, Secretary effective May 15, 2025; departure for personal reasons, not due to any disagreement.
- Chen Franco-Yehuda appointed CFO, Treasurer, Secretary same date; previously CFO of Pluri Inc. (PLUR) and former PwC auditor.
- New CFO receives monthly salary of approx. $22,245 (NIS 82,000), target bonus up to 6x base salary, and 500,000 RSUs vesting over three years.
- Separation agreement: Ben-David joins advisory board, receives reduced monthly payments of ~$14,266 through Dec 2025 and ~$12,982 through Oct 2027.
- Employment agreement includes 90-day notice period, 6-month adjustment period on termination, and 12-month non-competition covenant.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533998/000110465925036910/0001104659-25-036910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533998/000110465925036910/tm2512724d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-036910

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