secwatch.observer — SEC 8-K summary
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Issuer:     Enovix Corp (ENVX)
CIK:        0001828318
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001193125-23-178590
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enovix names Farhan Ahmad as CFO; outgoing CFO Steffen Pietzke to consult after July 9
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- CFO Steffen Pietzke resigns effective July 9, 2023; will provide consulting for up to 6 months in exchange for $400K RSU grant.
- Farhan Ahmad appointed CFO effective July 10, 2023; previously VP Investor Relations & Finance Strategy at Micron Technology.
- Ahmad receives $380K base salary, 60% target bonus, and $4M RSU vesting 1/5 after 12 months then monthly over 4 years.
- Pietzke's severance includes 9 months' base salary, 18-month equity acceleration, and pro-rata bonus; no disagreement cited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828318/000119312523178590/0001193125-23-178590-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828318/000119312523178590/d512762d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-178590

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