Enovix appoints Ajay Marathe as COO effective Nov 14, 2022

Enovix Corp

Ajay Marathe appointed COO, effective November 14, 2022; previously SVP Operations at Western Digital and COO at Lumileds.
Annual base salary of $450,000; target annual cash bonus of 80% of base salary.
Granted RSU award for 833,000 shares; 1/5th vests after 12 months, remainder monthly over four years.
Severance includes 9 months base salary cash, health coverage, pro-rated bonus, accelerated vesting of 18 months equity (non-CIC); 75% equity acceleration on CIC termination.
Marathe will execute standard indemnification agreement for officers.

item 5.02

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Appointed

Ajay Marathe

Chief Operating Officer

ENVX · Enovix Corp

Effective: 2022-11-14
Filed: November 14, 2022, 6:59 PM ET

On November 10, 2022, Enovix Corporation (the “Company”) announced the appointment of Ajay Marathe as Chief Operating Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Ajay Marathe was appointed as Chief Operating Officer at Enovix Corp.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On November 10, 2022, Enovix Corporation (the “Company”) announced the appointment of Ajay Marathe as Chief Operating Officer of the Company.

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Source: SEC EDGAR

accession 0001193125-22-284640

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