CEO Gideon Wertheizer to retire Dec 31, 2022; Amir Panush appointed CEO effective Jan 1, 2023

CEVA INC

Amir Panush, former CEO of InvenSense/TDK MEMS Sensors, to become CEO on Jan 1, 2023.
Wertheizer will remain on board as non-executive member and provide advisory services for up to 12 months post-retirement.
Wertheizer receives immediate full vesting of unvested RSUs on transition date plus salary and bonus through mid-2023.
COO Michael Boukaya promoted to EVP & COO, salary raised to NIS 85,000/month; CFO Yaniv Arieli salary increased to NIS 100,000/month.
Panush receives monthly salary of NIS 150,000, signing bonus of NIS 600,000, and initial RSU grant of $1.2M.

item 5.02 item 9.01

Executive movements

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Appointed

Amir Panush

Chief Executive Officer

CEVA · CEVA INC

Effective: 2023-01-01
Filed: November 9, 2022, 6:59 PM ET

On November 9, 2022, the Company publicly announced the appointment of Amir Panush as CEO of the Company to succeed Mr. Wertheizer, with his service as CEO to commence on January 1, 2023.

Departed

Gideon Wertheizer

Chief Executive Officer

CEVA · CEVA INC

Effective: 2023-01-01
Successor: Amir Panush
Filed: November 9, 2022, 6:59 PM ET

On November 9, 2022, CEVA, Inc. (the “Company”) reported that Gideon Wertheizer has announced his intention to retire from his position as the Company’s Chief Executive Officer (“CEO”) and an employee of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Amir Panush was appointed as Chief Executive Officer at CEVA INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On November 9, 2022, the Company publicly announced the appointment of Amir Panush as CEO of the Company to succeed Mr. Wertheizer, with his service as CEO to commence on January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gideon Wertheizer departed as Chief Executive Officer at CEVA INC.

Action: retire
Role: Chief Executive Officer

Exact text from the filing

On November 9, 2022, CEVA, Inc. (the “Company”) reported that Gideon Wertheizer has announced his intention to retire from his position as the Company’s Chief Executive Officer (“CEO”) and an employee of the Company.

View on SEC.gov

CEVA INC filing history →

Source: SEC EDGAR

accession 0001437749-22-026597

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