Mobileye Appoints New CFO, Board Changes

TL;DR

Mobileye just hired a new CFO and made some board changes. Keep an eye on their next earnings call.

AI Summary

Mobileye Global Inc. announced on May 6, 2024, changes in its board of directors and executive compensation. Specifically, Mr. Moran Turgeman has been appointed as the new Chief Financial Officer, effective May 6, 2024. The company also reported on the election of new directors and adjustments to compensatory arrangements for certain officers.

Why It Matters

Changes in key executive positions like CFO can signal shifts in financial strategy or operational focus, potentially impacting investor confidence and the company's financial reporting.

Risk Assessment

Risk Level: medium — Changes in executive leadership, particularly the CFO, can introduce uncertainty regarding future financial strategies and performance.

Key Players & Entities

• Mobileye Global Inc. (company) — Registrant
• Moran Turgeman (person) — Newly appointed Chief Financial Officer
• May 6, 2024 (date) — Effective date of CFO appointment and earliest event reported

FAQ

From the Filing

0001104659-24-059073.txt : 20240509 0001104659-24-059073.hdr.sgml : 20240509 20240509063207 ACCESSION NUMBER: 0001104659-24-059073 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240506 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mobileye Global Inc. CENTRAL INDEX KEY: 0001910139 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41541 FILM NUMBER: 24928409 BUSINESS ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 BUSINESS PHONE: 972 2 541 7333 MAIL ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Holdings Inc. DATE OF NAME CHANGE: 20220224 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Group Inc. DATE OF NAME CHANGE: 20220209 8-K 1 tm2413863d1_8k.htm FORM 8-K false 0001910139 0001910139 2024-05-06 2024-05-06 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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):  May 6, 2024       Mobileye Global Inc. (Exact name of registrant as specified in its charter)   Delaware   001-41541   88-0666433 (State or Other Jurisdiction of Incorporation or Organization)   (Commission File Number)   (IRS Employer Identification Number)   c/o Mobileye B.V. Har Hotzvim, Shlomo Momo HaLevi Street 1 Jerusalem 9777015 , Israel (Address of principal executive offices and zip code)   + 972 - 2-541-7333 (Registrant’s telephone number, including area code)   Former name or former address, if changed since last report: N/A       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 communications 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 Name of each exchange on which registered Common Stock ($0.001 Par Value) MBLY Nasdaq Global Select Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).   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 May 6, 2024, Dr. Gavriel “Gaby” Hayon, Executive Vice President of