ReWalk Robotics Appoints New CFO, Oriella Transitions
Ticker: LFWD · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1607962
| Field | Detail |
|---|---|
| Company | Rewalk Robotics LTD. (LFWD) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $5B |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-appointment
TL;DR
ReWalk Robotics names Yafit Arnon as new CFO starting May 1st, Oriella moves to advisor.
AI Summary
On April 18, 2024, ReWalk Robotics Ltd. announced the appointment of Ms. Yafit Arnon as its new Chief Financial Officer, effective May 1, 2024. Ms. Arnon will succeed Mr. Oriella, who will transition to a strategic advisor role. Ms. Arnon brings extensive financial leadership experience from her previous roles, including CFO at MediWound Ltd.
Why It Matters
The appointment of a new CFO can signal a shift in financial strategy or operational focus for the company, impacting investor confidence and future financial performance.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategy and execution.
Key Players & Entities
- ReWalk Robotics Ltd. (company) — Registrant
- Yafit Arnon (person) — Newly appointed Chief Financial Officer
- May 1, 2024 (date) — Effective date of new CFO appointment
- Oriella (person) — Outgoing Chief Financial Officer
- MediWound Ltd. (company) — Previous employer of Yafit Arnon
FAQ
What is the effective date for Yafit Arnon's appointment as CFO?
Yafit Arnon's appointment as Chief Financial Officer is effective May 1, 2024.
Who is Yafit Arnon succeeding as CFO?
Yafit Arnon is succeeding Oriella as the Chief Financial Officer.
What will be Oriella's new role?
Oriella will transition to a strategic advisor role.
What is ReWalk Robotics Ltd.'s principal executive office address?
ReWalk Robotics Ltd.'s principal executive office is located at 3 Hatnufa St., Floor 6, Yokneam Ilit, Israel, 2069203.
What is the SIC code for ReWalk Robotics Ltd.?
The Standard Industrial Classification (SIC) code for ReWalk Robotics Ltd. is 3842, which pertains to Orthopedic, Prosthetic & Surgical Appliances & Supplies.
Filing Stats: 856 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2024-04-19 08:46:30
Key Financial Figures
- $5B — in 2011 as the President and CEO of the $5B GE Healthcare Services global business.
Filing Documents
- zk2431319.htm (8-K) — 37KB
- exhibit_99-1.htm (EX-99.1) — 14KB
- image00005.jpg (GRAPHIC) — 4KB
- 0001178913-24-001388.txt ( ) — 196KB
- rwlk-20240418.xsd (EX-101.SCH) — 4KB
- rwlk-20240418_lab.xml (EX-101.LAB) — 21KB
- rwlk-20240418_pre.xml (EX-101.PRE) — 16KB
- zk2431319_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 18, 2024, the Board of Directors (the "Board") of ReWalk Robotics Ltd. (the "Company") increased the size of the Board from six (6) to seven (7) members, and appointed Michael Swinford to serve as a member of the Board, effective immediately. Mr. Swinford will serve as a Class III director of the Company, to serve until the 2026 annual meeting of shareholders and until his successor has been duly qualified or his earlier resignation or removal. Mr. Swinford has not yet been appointed to any committees of the Board. In connection with his appointment, the Board determined that Mr. Swinford satisfies the independence requirements under the rules of the Securities and Exchange Commission and the listing standards of The Nasdaq Stock Market LLC. Mr. Swinford, 54, has more than 30 years of experience in healthcare and has served as CEO of Numotion since 2014. He has grown Numotion into the largest provider of mobility and independence solutions in the United States serving over four hundred thousand individuals annually with Spinal Cord Injuries, Traumatic Brain Injuries, ALS, Muscular Dystrophy, Cerebral Palsy, Multiple Sclerosis, Spinal Muscular Atrophy, Amputees and many other mobility related disabilities. He has expanded commercial coverage with over 5000 health plans, rehab hospitals, specialty and multi-disciplinary clinics, skilled nursing facilities, primary care and home health providers. He has led efforts for benefit coverage determination for Power Wheelchair Seat Elevation systems in 2023 and is actively leading efforts for Power Standing Wheelchairs and reform of Service and Repair regulations and reimbursement levels. Prior to Numotion, Mike worked at GE Healthcare over a 22 year career where he held multiple leadership commercial and operational roles. He was appointed an officer of the Ge
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press release of ReWalk Robotics Ltd. dated April 19, 2024.* * Furnished herewith.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ReWalk Robotics Ltd. Dated: April 19, 2024 By: /s/ Michael Lawless Name: Michael Lawless Title: Chief Financial Officer