secwatch.observer — SEC 8-K summary
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Issuer:     CEVA INC (CEVA)
CIK:        0001173489
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0001437749-25-004043
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ceva approves 2025 executive bonus plans, equity awards, and director compensation changes
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- CEO Panush target bonus 100% of base salary, max 200%; CFO/COO target 70%, max 98%.
- RSU grants: 12,691 (CEO), 15,575 (CFO), 13,844 each (COO, CCO); vest over three years.
- PSU grants tied to 2025 license revenue target and relative TSR vs S&P Semi and Russell 2000.
- Director annual cash retainer increased from $40,000 to $45,000; Board chair from $62,500 to $102,500.
- Annual equity grant for non-employee directors increased from $124,670 to $165,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173489/000143774925004043/0001437749-25-004043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173489/000143774925004043/ceva20250212_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-004043

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