Mobileye Appoints New COO and Directors, Loses Board Member

Ticker: MBLY · Form: 8-K · Filed: 2024-06-10T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, board-of-directors, executive-appointment

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

FAQ

When did Mr. Mooly Eden's departure as a director become effective?

Mr. Mooly Eden's departure as a director was effective June 6, 2024.

Who were appointed as new directors for Mobileye Global Inc.?

Ms. Ayelet Dayan and Mr. Yossi Cohen were elected as new directors.

What is the effective date for the new directors?

The election of Ms. Ayelet Dayan and Mr. Yossi Cohen as directors is effective June 7, 2024.

Who has been appointed as the new Chief Operating Officer?

Mr. Moran Turgeman has been appointed as the new Chief Operating Officer.

What is the exact date of the report for this 8-K filing?

The date of the report for this 8-K filing is June 7, 2024.

From the Filing

0001104659-24-070055.txt : 20240610 0001104659-24-070055.hdr.sgml : 20240610 20240610165103 ACCESSION NUMBER: 0001104659-24-070055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240607 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240610 DATE AS OF CHANGE: 20240610 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: 241033464 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 tm2416855d1_8k.htm FORM 8-K false 0001910139 0001910139 2024-06-07 2024-06-07 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):  June 7, 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 June 7, 2024,

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