Mobileye Director Departs, New Director Appointed

Ticker: MBLY · Form: 8-K · Filed: 2025-02-04T00:00:00.000Z

Sentiment: neutral

Topics: board-change, executive-compensation

Related Tickers: MBLY

TL;DR

Shashua out, Halpern in at Mobileye board. New exec pay details too.

AI Summary

Mobileye Global Inc. announced on January 29, 2025, the departure of Director Mr. Amnon Shashua and the appointment of Mr. Jonathan M. Halpern as a new director. The company also disclosed compensatory arrangements for certain 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 executive compensation disclosures, which typically carry low immediate risk.

Key Players & Entities

FAQ

What is the effective date of Mr. Shashua's departure?

The filing does not specify an exact effective date for Mr. Shashua's departure, but it is reported as of January 29, 2025.

What is Mr. Halpern's background or expertise?

The filing does not provide details on Mr. Halpern's background or expertise.

Are the compensatory arrangements for officers detailed in this filing?

The filing indicates that compensatory arrangements of certain officers are being disclosed, but the specific details are not included in the provided text.

Was Mr. Shashua's departure voluntary or involuntary?

The filing states Mr. Shashua's departure but does not specify whether it was voluntary or involuntary.

What is the primary business of Mobileye Global Inc.?

Mobileye Global Inc. is in the business of prepackaged software, as indicated by its Standard Industrial Classification code [7372].

From the Filing

0001104659-25-009111.txt : 20250204 0001104659-25-009111.hdr.sgml : 20250204 20250204161535 ACCESSION NUMBER: 0001104659-25-009111 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250129 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250204 DATE AS OF CHANGE: 20250204 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: 25588393 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 tm255427d1_8k.htm FORM 8-K false 0001910139 0001910139 2025-01-29 2025-01-29 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):  January 29, 2025     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, 1 Shlomo Momo HaLevi Street 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 January 29, 2025, the Board of Directors (the “Board”) of Mobileye Global Inc. (“Mobileye

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