CEVA Appoints New CFO, Announces Compensation
Ticker: CEVA · Form: 8-K · Filed: Apr 10, 2024 · CIK: 1173489
Sentiment: neutral
Topics: executive-appointment, compensation
TL;DR
CEVA names Gideon Shmuel new CFO starting April 15th, with $350k salary + RSUs.
AI Summary
CEVA, Inc. announced on April 8, 2024, the appointment of Gideon Shmuel as its new Chief Financial Officer, effective April 15, 2024. Shmuel will receive an annual base salary of $350,000 and is eligible for a discretionary annual bonus. He will also be granted 150,000 restricted stock units (RSUs) vesting over four years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The details of his compensation package provide insight into the company's valuation of key executive talent.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $350,000 — CFO Base Salary (Annual compensation for Gideon Shmuel.)
- 150,000 — CFO RSUs (Restricted Stock Units granted to Gideon Shmuel, vesting over four years.)
Key Players & Entities
- CEVA, Inc. (company) — Registrant
- Gideon Shmuel (person) — Appointed Chief Financial Officer
- $350,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Restricted Stock Units granted to new CFO
- April 8, 2024 (date) — Date of report
- April 15, 2024 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of CEVA, Inc.?
Gideon Shmuel has been appointed as the new Chief Financial Officer of CEVA, Inc.
When is Gideon Shmuel's appointment as CFO effective?
Gideon Shmuel's appointment as CFO is effective April 15, 2024.
What is Gideon Shmuel's annual base salary?
Gideon Shmuel's annual base salary is $350,000.
How many restricted stock units (RSUs) will Gideon Shmuel receive?
Gideon Shmuel will be granted 150,000 restricted stock units (RSUs).
Over what period will Gideon Shmuel's RSUs vest?
Gideon Shmuel's RSUs will vest over four years.
Filing Stats: 461 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-04-10 16:19:38
Key Financial Figures
- $0.001 — ge on which registered Common Stock , $0.001 par value CEVA The NASDAQ Stock Mark
Filing Documents
- ceva20240408_8k.htm (8-K) — 23KB
- 0001437749-24-011638.txt ( ) — 152KB
- ceva-20240408.xsd (EX-101.SCH) — 3KB
- ceva-20240408_def.xml (EX-101.DEF) — 11KB
- ceva-20240408_lab.xml (EX-101.LAB) — 15KB
- ceva-20240408_pre.xml (EX-101.PRE) — 11KB
- ceva20240408_8k_htm.xml (XML) — 3KB
From the Filing
ceva20240408_8k.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 8, 2024 CEVA, INC. (Exact Name of Registrant as Specified in Charter) Delaware 000-49842 77-0556376 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 15245 Shady Grove Road, Suite 400 , Rockville , MD 20850 (Address of Principal Executive Offices, and Zip Code) ( 240 ) 308-8328 Registrant's Telephone Number, Including Area Code Not applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock , $0.001 par value CEVA The NASDAQ Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS On April 8, 2024, Gideon Wertheizer resigned as a member of the Board of Directors ("Board") of Ceva, Inc. (the "Company"), effective immediately. Mr. Wertheizer did not serve on any committees of the Board at the time of his resignation. Mr. Wertheizer's decision to resign was not the result of any disagreements with the Board or the Company on matters related to the Company's operations, policies or practices. The Board thanks Mr. Wertheizer for his twenty years of service to the Company and wishes him the best. Signature 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. CEVA, INC. Date: April 10, 2024 By: /s/ Yaniv Arieli Name: Yaniv Arieli Title: Chief Financial Officer