Mobileye Director Departs, New Director Elected
Ticker: MBLY · Form: 8-K · Filed: Dec 2, 2024 · CIK: 1910139
| Field | Detail |
|---|---|
| Company | Mobileye Global Inc. (MBLY) |
| Form Type | 8-K |
| Filed Date | Dec 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-change, management
Related Tickers: MBLY
TL;DR
Mobileye's board is changing: Shashua is out, Ginzburg is in. Keep an eye on strategy shifts.
AI Summary
Mobileye Global Inc. announced on December 1, 2024, the departure of Director Mr. Amnon Shashua and the election of Ms. Ayelet Ginzburg as a new director. The company also reported on compensatory arrangements for its officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board changes and compensatory arrangements, with no immediate financial or operational risks indicated.
Key Players & Entities
- Mobileye Global Inc. (company) — Registrant
- Amnon Shashua (person) — Departing Director
- Ayelet Ginzburg (person) — Newly Elected Director
FAQ
Who is the departing director and when did their departure become effective?
Mr. Amnon Shashua is the departing director, and his departure was effective as of December 1, 2024.
Who is the newly elected director and when was their election effective?
Ms. Ayelet Ginzburg is the newly elected director, and her election was effective as of December 1, 2024.
What is the primary reason for the filing of this 8-K?
This 8-K is filed to report the departure of a director, the election of a new director, and information regarding compensatory arrangements of certain officers.
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant is Mobileye Global Inc.
In which state was Mobileye Global Inc. incorporated?
Mobileye Global Inc. was incorporated in Delaware.
Filing Stats: 532 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-12-02 17:20:20
Key Financial Figures
- $0.001 — nge on which registered Common Stock ($0.001 Par Value) MBLY Nasdaq Global Select
Filing Documents
- tm2429954d1_8k.htm (8-K) — 25KB
- 0001104659-24-124704.txt ( ) — 194KB
- mbly-20241201.xsd (EX-101.SCH) — 3KB
- mbly-20241201_lab.xml (EX-101.LAB) — 33KB
- mbly-20241201_pre.xml (EX-101.PRE) — 22KB
- tm2429954d1_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (b) On December 1, 2024, Mr. Patrick P. Gelsinger retired from Mobileye Global Inc.'s (the "Company") board of directors (the "Board"), effective December 1, 2024 in connection with his resignation as chief executive officer of Intel Corporation ("Intel"), the Company's controlling shareholder. Mr. Gelsinger's decision to resign from the Board was not due to any disagreement with the Company on any matter related to the Company's operations, policies or practices. Additionally, Mr. Frank D. Yeary, one of the Company's directors, has informed the Company that he is assuming the role of executive chair of Intel on an interim basis. Because he will be an executive officer of Intel on an interim basis, Mr. Yeary has informed the Company that he is stepping down from the Audit Committee of the Board effective immediately for so long as he continues to act as executive chair of Intel. A replacement for Mr. Yeary on the Company's Audit Committee has not yet been determined.
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: December 2, 2024 By: /s/ Professor Amnon Shashua Professor Amnon Shashua President and Chief Executive Officer