secwatch.observer — SEC 8-K summary
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Issuer:     CEVA INC (CEVA)
CIK:        0001173489
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001437749-24-004608
Event type: leadership
Sentiment:  positive
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173489/000143774924004608/0001437749-24-004608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173489/000143774924004608/ceva20240215_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-004608

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