---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-284640"
form_type: "8-K"
ticker: "ENVX"
cik: "0001828318"
company_name: "Enovix Corp"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:07:28.675062+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Enovix appoints Ajay Marathe as COO effective Nov 14, 2022

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-284640
- form_type: 8-K
- ticker: ENVX
- cik: 0001828318
- company_name: Enovix Corp
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828318/000119312522284640/0001193125-22-284640-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828318/000119312522284640/d405262d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-284640
- JSON: https://secwatch.observer/filing/0001193125-22-284640.json
- Plain text: https://secwatch.observer/filing/0001193125-22-284640.txt

## Key facts
- Executive change
  Ajay Marathe was appointed as Chief Operating Officer at Enovix Corp.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: On November 10, 2022, Enovix Corporation (the “Company”) announced the appointment of Ajay Marathe as Chief Operating Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828318/000119312522284640/0001193125-22-284640-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.