---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-314777"
form_type: "8-K"
ticker: "ENVX"
cik: "0001828318"
company_name: "Enovix Corp"
filed_at: "2022-12-29T23:59:59+00:00"
generated_at: "2026-06-20T22:04:52.484704+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-314777
- form_type: 8-K
- ticker: ENVX
- cik: 0001828318
- company_name: Enovix Corp
- filed_at: 2022-12-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828318/000119312522314777/0001193125-22-314777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828318/000119312522314777/d430771d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-314777
- JSON: https://secwatch.observer/filing/0001193125-22-314777.json
- Plain text: https://secwatch.observer/filing/0001193125-22-314777.txt

## Key facts
- Executive change
  Raj Talluri was appointed as President and Chief Executive Officer at Enovix Corp.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828318/000119312522314777/0001193125-22-314777-index.htm
- Executive change
  Harrold Rust departed as President and Chief Executive Officer at Enovix Corp.
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828318/000119312522314777/0001193125-22-314777-index.htm

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