Navitas Semiconductor Elects New Directors
Ticker: NVTS · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1821769
| Field | Detail |
|---|---|
| Company | Navitas Semiconductor CORP (NVTS) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, governance, disclosure
TL;DR
Navitas adds 2 new directors to the board.
AI Summary
Navitas Semiconductor Corp. announced on November 26, 2024, a change in its board of directors, with the election of two new directors, Dr. Thomas J. Donohue and Mr. Steven J. M. Lee. This filing also disclosed compensatory arrangements for certain officers and included financial statements and exhibits.
Why It Matters
Changes in board composition can signal shifts in strategic direction or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns board appointments and routine disclosures, with no immediate financial or operational risks indicated.
Key Players & Entities
- Navitas Semiconductor Corp. (company) — Registrant
- Dr. Thomas J. Donohue (person) — Newly Elected Director
- Mr. Steven J. M. Lee (person) — Newly Elected Director
- Live Oak Acquisition Corp II (company) — Former Company Name
FAQ
Who were the new directors elected to Navitas Semiconductor's board?
Dr. Thomas J. Donohue and Mr. Steven J. M. Lee were elected as new directors.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is November 26, 2024.
What is Navitas Semiconductor Corp.'s principal executive office address?
The principal executive office is located at 3520 Challenger Street, Torrance, California 90503-1640.
What is the SIC code for Navitas Semiconductor Corp.?
The Standard Industrial Classification (SIC) code is 3674, for Semiconductors & Related Devices.
What other items are disclosed in this 8-K filing besides director changes?
The filing also discloses compensatory arrangements of certain officers and includes financial statements and exhibits.
Filing Stats: 877 words · 4 min read · ~3 pages · Grade level 10 · Accepted 2024-12-03 17:25:42
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share NVTS The Nasdaq Stock Market
Filing Documents
- i-20241126.htm (8-K) — 32KB
- ex991pressreleasedated3dec.htm (EX-99.1) — 6KB
- i-20241126_g1.jpg (GRAPHIC) — 106KB
- 0001821769-24-000133.txt ( ) — 452KB
- i-20241126.xsd (EX-101.SCH) — 2KB
- i-20241126_def.xml (EX-101.DEF) — 13KB
- i-20241126_lab.xml (EX-101.LAB) — 23KB
- i-20241126_pre.xml (EX-101.PRE) — 14KB
- i-20241126_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On December 3, 2024, the Company issued a press release announcing Dr. Singh's election to the board of directors. The press release is furnished as Exhibit 99.1 to this report and incorporated in this Item 7.01 by reference. Information in this Item 7.01 and Exhibit 99.1 is furnished and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, and none of such information is incorporated by reference in any filing under the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release dated D ecember 3, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. NAVITAS SEMICONDUCTOR CORPORATION Dated: December 3, 2024 By: /s/ Gene Sheridan Gene Sheridan President and Chief Executive Officer