Neonode finalizes CEO Urban Forssell's departure; he becomes Senior Advisor through Dec 2024

Neonode Inc.

Forssell steps down as President/CEO effective April 10, 2024; will serve as Senior Advisor to Neonode Technologies AB and Board until Dec 31, 2024.
As Senior Advisor, Forssell receives monthly salary of SEK 194,000 (~$17,838) plus same pension, insurance, and health benefits as before.
Forssell gets a bonus of SEK 112,500 (~$10,345) for 2023 performance; no other variable compensation.
Employment officially ends April 10, 2025; Forssell is released from duties after Dec 31, 2024 but remains available.
Forssell agrees to non-disparagement, confidentiality, and non-solicitation for 12 months post-employment.

item 5.02 item 9.01

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Departed

Urban Forssell

President and Chief Executive Officer

NEON · Neonode Inc.

Effective: 2024-04-10
Filed: April 16, 2024, 7:59 PM ET

pursuant to which Dr. Forssell was discharged from his position as the Company’s President and CEO and will act as a Senior Advisor to the management team of NeoNode Technologies AB, the Company’s subsidiary, and the Board until December 31, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: stepped down
Role: President and Chief Executive Officer

Exact text from the filing

pursuant to which Dr. Forssell was discharged from his position as the Company’s President and CEO and will act as a Senior Advisor to the management team of NeoNode Technologies AB, the Company’s subsidiary, and the Board until December 31, 2024.

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Neonode Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-033457

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