secwatch.observer — SEC 8-K summary
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Issuer:     Enovix Corp (ENVX)
CIK:        0001828318
Form:       8-K
Filed at:   2022-12-29T23:59:59+00:00
Accession:  0001193125-22-314777
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828318/000119312522314777/0001193125-22-314777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828318/000119312522314777/d430771d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-314777

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