secwatch.observer — SEC 8-K summary
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Issuer:     Navitas Semiconductor Corp (NVTS)
CIK:        0001821769
Form:       8-K
Filed at:   2022-05-26T23:59:59+00:00
Accession:  0001628280-22-015498
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Navitas appoints Ron Shelton as CFO, replacing interim CFO Todd Glickman
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- Ron Shelton appointed SVP, CFO and Treasurer effective May 17, 2022; full-time from June 13, 2022.
- Shelton receives $350k base salary, 50% bonus target (max 70%), 375k time-based and 225k performance-based RSUs.
- Todd Glickman, interim CFO since Oct 2021, ceases interim role on May 23, remains SVP of Finance.
- Shelton brings experience as CFO at Adesto, Cirrus Logic, GigOptix; over $2B in transactional experience.
- Severance: 12 months salary + benefits if terminated without cause; 24 months if within 12 months of change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821769/000162828022015498/0001628280-22-015498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821769/000162828022015498/i-20220517.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-015498

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