Neonode CEO Urban Forssell steps down immediately; CFO Fredrik Nihlén appointed interim CEO

Neonode Inc.

Urban Forssell resigns as President and CEO effective April 10, 2024; will serve as strategic advisor through end of 2024.
CFO Fredrik Nihlén appointed interim President and CEO; additional monthly salary of SEK 35,000 (~$3,314) for interim role.
Departure part of strategy shift to focus on licensing business and phase out Touch Sensor Module product business.
No disagreement cited; Board thanks Forssell for contributions during past four years.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Urban Forssell

President and Chief Executive Officer

NEON · Neonode Inc.

Effective: 2024-04-10
Successor: Fredrik Nihlén
Filed: April 10, 2024, 7:59 PM ET

Dr. Urban Forssell, mutually agreed that Dr. Forssell will step down as President and CEO effective immediately.

Appointed (interim)

Fredrik Nihlén

Interim President and Chief Executive Officer

NEON · Neonode Inc.

Effective: 2024-04-10
Filed: April 10, 2024, 7:59 PM ET

the Board appointed the Company’s Chief Financial Officer, Fredrik Nihlén, as the Company’s Interim President and CEO effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Urban Forssell resigned as President and Chief Executive Officer at Neonode Inc..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Dr. Urban Forssell, mutually agreed that Dr. Forssell will step down as President and CEO effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Fredrik Nihlén was appointed as Interim President and Chief Executive Officer at Neonode Inc..

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

the Board appointed the Company’s Chief Financial Officer, Fredrik Nihlén, as the Company’s Interim President and CEO effective immediately.

View on SEC.gov

Neonode Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-031748

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