secwatch.observer — SEC 8-K summary
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Issuer:     Enovix Corp (ENVX)
CIK:        0001828318
Form:       8-K/A
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0001828318-23-000009
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828318/000182831823000009/0001828318-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828318/000182831823000009/envx-20221223.htm
  HTML page:      https://secwatch.observer/filing/0001828318-23-000009

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