Ceva appoints CEO Amir Panush to Board; approves 2024 executive bonus plan and equity grants

CEVA INC

CEO Amir Panush appointed to Board as eighth director; will not serve on committees or receive additional compensation.
2024 Executive Bonus Plan: 40% weight on revenue target, 40% on non-GAAP EPS, 20% on customer agreements. Target bonus for CEO at 70% of base salary, max 120%.
Time-based RSUs (33,318-13,535) and performance-based PSUs (49,978-9,023) granted to CEO, CFO, COO, CCO; vest over 3 years.
CCO Gweltaz Toquet salary increased from SEK 2.32M to SEK 2.5M (~$240k); additional quarterly and strategic bonus opportunities in 2024 IB Plan.

item 5.02 item 9.01

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Appointed

Amir Panush

Director

CEVA · CEVA INC

Effective: 2024-02-13
Filed: February 16, 2024, 6:59 PM ET

appointed Amir Panush, the Corporation’s Chief Executive Officer, as a member of the Board

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Amir Panush was appointed as Director at CEVA INC.

Action: appointed
Role: Director

Exact text from the filing

appointed Amir Panush, the Corporation’s Chief Executive Officer, as a member of the Board

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CEVA INC filing history →

Source: SEC EDGAR

accession 0001437749-24-004608

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