Mobileye Appoints New COO and Directors, Loses Board Member

TL;DR

Mobileye swapped a director for two new ones and got a new COO.

AI Summary

Mobileye Global Inc. announced on June 7, 2024, the departure of Director Mr. Mooly Eden, effective June 6, 2024. The company also announced the election of Ms. Ayelet Dayan and Mr. Yossi Cohen as new directors, effective June 7, 2024. Additionally, Mr. Moran Turgeman has been appointed as the new Chief Operating Officer.

Why It Matters

Changes in key leadership roles and board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Leadership changes and board restructuring can introduce uncertainty regarding future strategy and execution.

Key Players & Entities

• Mobileye Global Inc. (company) — Registrant
• Mooly Eden (person) — Departing Director
• Ayelet Dayan (person) — Newly Elected Director
• Yossi Cohen (person) — Newly Elected Director
• Moran Turgeman (person) — Newly Appointed Chief Operating Officer

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock ($0.001 Par Value) MBLY Nasdaq Global Select
• $200,000 — ed stock units ("RSUs") with a value of $200,000, issued pursuant to the Mobileye 2022 E
• $60,000 — ch RSUs, and (ii) an annual retainer of $60,000, paid quarterly in installments, in eac

Filing Documents

• tm2416855d1_8k.htm (8-K) — 28KB
• tm2416855d1_ex99-1.htm (EX-99.1) — 6KB
• tm2416855d1_ex99-1img001.jpg (GRAPHIC) — 3KB
• 0001104659-24-070055.txt ( ) — 212KB
• mbly-20240607.xsd (EX-101.SCH) — 3KB
• mbly-20240607_lab.xml (EX-101.LAB) — 33KB
• mbly-20240607_pre.xml (EX-101.PRE) — 22KB
• tm2416855d1_8k_htm.xml (XML) — 4KB

02 Departure of Directors or Certain

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On June 7, 2024, the Board of Directors (the "Board") of Mobileye Global Inc. ("Mobileye") appointed Secretary Elaine L. Chao as a member of the Board, effective as of June 7, 2024. The Board has determined that Sec. Chao qualifies as an independent director under the corporate governance standards of the Nasdaq Stock Market LLC. Upon her appointment as a non-employee member of the Board, Sec. Chao will receive the standard compensation paid to each non-employee member of the Board, consisting of (i) an annual grant of restricted stock units ("RSUs") with a value of $200,000, issued pursuant to the Mobileye 2022 Equity Incentive Plan, subject to 100% vesting on the first anniversary of the grant date of such RSUs, and (ii) an annual retainer of $60,000, paid quarterly in installments, in each case subject to her continued service as a director. As of the time of this filing, the Board has not made a final determination regarding the committees of the Board, if any, to which Sec. Chao will be appointed. There are no family relationships between Sec. Chao and any director or executive officer of Mobileye. Sec. Chao does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Item 7.01 Regulation FD Disclosure . A copy of the press release issued by Mobileye on June 10, 2024 announcing the appointment of Ms. Chao as a member of Mobileye's Board is attached as Exhibit 99.1 hereto.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Mobileye Global Inc. press release dated June 10, 2024 104 Cover Page Interactive Data File (formatted in iXBRL) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Mobileye Global Inc. Date: June 10, 2024 By: /s/ Professor Amnon Shashua Professor Amnon Shashua Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR