Ambarella CFO Brian White to retire; John Young named successor effective Feb 1, 2024

AMBARELLA INC

CFO Brian White to retire at end of FY2024 (Jan 31, 2024); VP Finance John Young to succeed as CFO.
Separation agreement: White receives $630K lump sum (or 110% RSUs), plus RSU vesting acceleration through Jan 2025.
Young's employment terms: $300K base salary, 70% bonus target, and 30,000 RSUs vesting quarterly over four years.
Company reaffirms Q3 FY2024 guidance: revenue ~$50M (±4%), non-GAAP gross margin 62-64%, opex $46-49M.
Young previously served as VP Finance since 2019 and Corporate Controller since 2017; holds MS in accountancy.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Brian White

Chief Financial Officer

AMBA · AMBARELLA INC

Effective: 2024-01-31
Successor: John Young
Filed: October 18, 2023, 7:59 PM ET

Brian White, Chief Financial Officer of the Company, will retire at the end of the current fiscal year.

Appointed

John Young

Chief Financial Officer

AMBA · AMBARELLA INC

Effective: 2024-02-01
Filed: October 18, 2023, 7:59 PM ET

John Young, the Company's current Vice President of Finance, has been elected to succeed Mr. White as Chief Financial Officer effective as of February 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian White departed as Chief Financial Officer at AMBARELLA INC.

Action: retire
Role: Chief Financial Officer

Exact text from the filing

Brian White, Chief Financial Officer of the Company, will retire at the end of the current fiscal year.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John Young was appointed as Chief Financial Officer at AMBARELLA INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

John Young, the Company's current Vice President of Finance, has been elected to succeed Mr. White as Chief Financial Officer effective as of February 1, 2024.

View on SEC.gov

AMBARELLA INC filing history →

Source: SEC EDGAR

accession 0001193125-23-258106

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