Mobileye Director Departs, New Director Elected

Ticker: MBLY · Form: 8-K · Filed: 2024-12-02T00:00:00.000Z

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

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.

From the Filing

0001104659-24-124704.txt : 20241202 0001104659-24-124704.hdr.sgml : 20241202 20241202172020 ACCESSION NUMBER: 0001104659-24-124704 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241201 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20241202 DATE AS OF CHANGE: 20241202 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: 241520152 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 tm2429954d1_8k.htm FORM 8-K false 0001910139 0001910139 2024-12-01 2024-12-01 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):  December 1, 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   (b)   On December 1, 2024, Mr. Patrick P. Gelsinger retired from Mobil

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