secwatch.observer — SEC 8-K summary
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Issuer:     CEVA INC (CEVA)
CIK:        0001173489
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001437749-22-026597
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173489/000143774922026597/0001437749-22-026597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173489/000143774922026597/ceva20221101_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-026597

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer