Enovix CEO Harrold Rust retires; Raj Talluri named successor; separation details disclosed

Enovix Corp

Harrold Rust resigns as CEO, President, and Board member effective Jan 18, 2023; remains employee through Feb 1.
Rust receives severance: 12 months base salary, 36 months COBRA, accelerated equity vesting, prorated target bonus.
Dr. Raj Talluri appointed as CEO, President, and Board member, effective Jan 18, 2023.
Separation agreement conditioned on release of claims and compliance with confidentiality and non-disparagement covenants.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Harrold Rust

President and Chief Executive Officer

ENVX · Enovix Corp

Effective: 2023-01-18
Successor: Raj Talluri
Filed: January 18, 2023, 6:59 PM ET

Mr. Rust determined that he would retire as President and Chief Executive Officer of the Company and as a member of the Board effective as of the date of Dr. Talluri’s appointment to each such position.

Appointed

Raj Talluri

President and Chief Executive Officer

ENVX · Enovix Corp

Effective: 2023-01-18
Filed: January 18, 2023, 6:59 PM ET

Mr. Rust determined that he would retire as President and Chief Executive Officer of the Company and as a member of the Board effective as of the date of Dr. Talluri’s appointment to each such position.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Harrold Rust resigned as President and Chief Executive Officer at Enovix Corp.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Rust determined that he would retire as President and Chief Executive Officer of the Company and as a member of the Board effective as of the date of Dr. Talluri’s appointment to each such position.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Raj Talluri was appointed as President and Chief Executive Officer at Enovix Corp.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Rust determined that he would retire as President and Chief Executive Officer of the Company and as a member of the Board effective as of the date of Dr. Talluri’s appointment to each such position.

View on SEC.gov

Enovix Corp filing history →

Source: SEC EDGAR

accession 0001828318-23-000009

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.