secwatch.observer — SEC 8-K summary
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Issuer:     CEVA INC (CEVA)
CIK:        0001173489
Form:       8-K
Filed at:   2022-02-18T23:59:59+00:00
Accession:  0001437749-22-003822
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEVA sets 2022 executive bonus plans with revenue and EPS targets, equity grants for CEO, CFO, COO, and EVP
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- Compensation Committee approved 2022 Executive Bonus Plan for CEO Gideon Wertheizer (target 70% of salary, max 110%), CFO Yaniv Arieli and COO Michael Boukaya (each target 50%, max 75%).
- EVP Worldwide Sales Issachar Ohana gets 2022 Incentive Bonus Plan with CRT up to $140,000, ART up to $35,000, quarterly bonuses $6,000, and strategic account bonuses capped at $42,000 if CRT unmet.
- Time-based RSU grants: 9,935 to Wertheizer, 5,961 to Ohana, 7,451 to Arieli, 5,961 to Boukaya; vest ratably over three years.
- Performance-based PSUs granted: 14,903 to Wertheizer, 3,974 to Ohana, 4,969 to Arieli, 3,974 to Boukaya; vest based on 2022 license revenue and relative TSR compared to S&P 500.
- Committee approved salary increases for executives: Wertheizer to NIS 143,325/month, Ohana to $307,282/year, Arieli to NIS 88,725/month, Boukaya to NIS 71,560/month.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173489/000143774922003822/0001437749-22-003822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173489/000143774922003822/ceva20220217_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-003822

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