---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-174501"
form_type: "8-K"
ticker: "ENVX"
cik: "0001828318"
company_name: "Enovix Corp"
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T17:14:09.702598+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Enovix appoints Joseph Malchow and Bernard Gutmann to board; expands to 8 directors

## Summary
- Malchow (HNVR founding partner, ex-Enphase director) and Gutmann (former ON Semi CFO) join board effective June 22, 2023.
- Board expands to eight members, six independent; Malchow on Compensation and Nominating committees; Gutmann on Audit.
- Each new director receives annual cash retainers: $45k board service plus committee fees ($5k–$7.5k).
- RSU grants: $275k vesting quarterly over 3 years plus $100k vesting over 1 year, per Non-Employee Director Compensation Policy.
- Malchow served on Enovix's SPAC board (Dec 2020–Jul 2021); Gutmann brings 40 years semiconductor financial leadership.

## SEC filing metadata
- accession: 0001193125-23-174501
- form_type: 8-K
- ticker: ENVX
- cik: 0001828318
- company_name: Enovix Corp
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828318/000119312523174501/0001193125-23-174501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828318/000119312523174501/d460970d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-174501
- JSON: https://secwatch.observer/filing/0001193125-23-174501.json
- Plain text: https://secwatch.observer/filing/0001193125-23-174501.txt

## Key facts
- Executive change
  Bernard Gutmann was appointed as Director at Enovix Corp.
  - Action: appointed
  - Role: Director
  source text: On June 22, 2023, the Board of Directors (the “Board”) of Enovix Corporation (the “Company”) approved an increase in the total authorized number of members of the Board to eight directors and appointed Joseph Malchow and Bernard Gutmann (together, the “New Directors”) to fill the newly created vacancies as directors whose terms will expire at the Company’s 2024 annual meeting of stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828318/000119312523174501/0001193125-23-174501-index.htm
- Executive change
  Joseph Malchow was appointed as Director at Enovix Corp.
  - Action: appointed
  - Role: Director
  source text: On June 22, 2023, the Board of Directors (the “Board”) of Enovix Corporation (the “Company”) approved an increase in the total authorized number of members of the Board to eight directors and appointed Joseph Malchow and Bernard Gutmann (together, the “New Directors”) to fill the newly created vacancies as directors whose terms will expire at the Company’s 2024 annual meeting of stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828318/000119312523174501/0001193125-23-174501-index.htm

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