Navitas Semiconductor appoints Janet Chou CFO; Ron Shelton to leave March 15, 2024

Navitas Semiconductor Corp

CFO Ron Shelton departs March 15, 2024; will stay through Form 10-K filing expected Feb 2024.
Janet Chou appointed EVP, CFO and Treasurer, effective upon 10-K filing; previously VP/CFO Global Ops at Western Digital.
Chou receives $380k base salary, 60% target bonus (max 90%), and 408,059 RSUs vesting over 4 years.
Shelton receives 6 months salary/benefits continuation and acceleration of 46,875 unvested RSUs.
Company also announced participation at CJS Winter and Needham growth conferences on Jan 10 and Jan 17, 2024.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Ron Shelton

Senior Vice President, Chief Financial Officer and Treasurer

NVTS · Navitas Semiconductor Corp

Effective: 2024-03-15
Successor: Janet Chou
Filed: January 10, 2024, 6:59 PM ET

On January 9, 2024, Ron Shelton, Senior Vice President, Chief Financial Officer and Treasurer of Navitas Semiconductor Corporation (“Navitas” or the “Company”), announced his intention to pursue other opportunities effective March 15, 2024.

Appointed

Janet Chou

Executive Vice President, Chief Financial Officer and Treasurer

NVTS · Navitas Semiconductor Corp

Filed: January 10, 2024, 6:59 PM ET

On January 10, 2024, the Company announced the appointment of Janet Chou as Executive Vice President, Chief Financial Officer and Treasurer, effective upon the filing of the Company’s annual report on Form 10‐K for the year ended December 31, 2023, which is expected on or before February 29, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ron Shelton departed as Senior Vice President, Chief Financial Officer and Treasurer at Navitas Semiconductor Corp.

Action: announced intention to pursue other opportunities
Role: Senior Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

On January 9, 2024, Ron Shelton, Senior Vice President, Chief Financial Officer and Treasurer of Navitas Semiconductor Corporation (“Navitas” or the “Company”), announced his intention to pursue other opportunities effective March 15, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Janet Chou was appointed as Executive Vice President, Chief Financial Officer and Treasurer at Navitas Semiconductor Corp.

Action: appointed
Role: Executive Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

On January 10, 2024, the Company announced the appointment of Janet Chou as Executive Vice President, Chief Financial Officer and Treasurer, effective upon the filing of the Company’s annual report on Form 10‐K for the year ended December 31, 2023, which is expected on or before February 29, 2024.

View on SEC.gov

Navitas Semiconductor Corp filing history →

Source: SEC EDGAR

accession 0001821769-24-000006

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