Enovix CEO Harrold Rust to retire; Raj Talluri appointed as President and CEO effective Jan 18, 2023

Enovix Corp

Harrold Rust will retire as CEO and board member; his departure is not due to any disagreement with the company.
Dr. Raj Talluri, previously SVP/GM Mobile Business Unit at Micron, appointed President and CEO effective Jan 18, 2023.
Talluri’s base salary $545,000; eligible for annual cash bonus target 80% of salary; receives 2,000,000 share RSU award vesting over 4 years.
Severance provisions include 12 months’ salary continuation, healthcare coverage, pro-rated bonus, and accelerated vesting for 24 months post-termination.

item 5.02

Executive movements

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Appointed

Raj Talluri

President and Chief Executive Officer

ENVX · Enovix Corp

Effective: 2023-01-18
Filed: December 29, 2022, 6:59 PM ET

On December 29, 2022, the Company announced that Mr. Rust’s successor, Dr. Raj Talluri, had been appointed President and Chief Executive Officer of the Company.

Departed

Harrold Rust

President and Chief Executive Officer

ENVX · Enovix Corp

Effective: 2023-01-18
Successor: Raj Talluri
Filed: December 29, 2022, 6:59 PM ET

On December 23, 2022, Harrold Rust determined that he will retire as President and Chief Executive Officer and as a member of the Board of Directors (the “Board”) of Enovix Corporation (the “Company”), effective as of the date of his successor’s appointment to each such position.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Raj Talluri was appointed as President and Chief Executive Officer at Enovix Corp.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On December 29, 2022, the Company announced that Mr. Rust’s successor, Dr. Raj Talluri, had been appointed President and Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Harrold Rust departed as President and Chief Executive Officer at Enovix Corp.

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

On December 23, 2022, Harrold Rust determined that he will retire as President and Chief Executive Officer and as a member of the Board of Directors (the “Board”) of Enovix Corporation (the “Company”), effective as of the date of his successor’s appointment to each such position.

View on SEC.gov

Enovix Corp filing history →

Source: SEC EDGAR

accession 0001193125-22-314777

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