secwatch.observer — SEC 8-K summary
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Issuer:     CEVA INC (CEVA)
CIK:        0001173489
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001437749-24-011226
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ceva amends CFO equity vesting acceleration provisions to align with CEO terms
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- Fourth amendment to CFO Yaniv Arieli's employment agreement dated April 1, 2024.
- Stock option acceleration for termination without Cause or Good Reason now applies to all time-based awards, including RSUs.
- Acceleration within 12 months post-Change of Control limited to time-based vesting only, not performance-based.
- Amendment reflects mutual understanding consistent with CEO equity award acceleration terms (May 2007 Board authorization).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173489/000143774924011226/0001437749-24-011226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173489/000143774924011226/ceva20240402_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-011226

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