Enovix Corp DEF 14A: Executive Compensation Details
Ticker: ENVX · Form: DEF 14A · Filed: 2025-04-24T00:00:00.000Z
Sentiment: neutral
Topics: executive-compensation, proxy-statement, equity-awards
TL;DR
Enovix DEF 14A out: exec pay details for 2024, incl. equity awards for Talluri & Rust.
AI Summary
Enovix Corp filed a DEF 14A on April 24, 2025, detailing executive compensation and corporate governance for the fiscal year ending December 29, 2024. The filing includes information on equity awards granted, outstanding awards, and changes in their value for key personnel, such as Dr. Talluri and Mr. Rust. This document is crucial for shareholders to understand how executive pay is structured and how it relates to company performance.
Why It Matters
This filing provides shareholders with transparency into executive compensation packages, allowing them to assess alignment between management pay and company performance.
Risk Assessment
Risk Level: medium — DEF 14A filings are routine disclosures, but the details on executive compensation and equity awards can signal management's confidence or concerns, potentially impacting stock valuation.
Key Numbers
- 20241229 — Fiscal Year End (Reporting period for the compensation details)
- 20250424 — Filing Date (Date the DEF 14A was submitted to the SEC)
Key Players & Entities
- Enovix Corp (company) — Filer of the DEF 14A
- Dr. Talluri (person) — Executive/Director mentioned in compensation details
- Mr. Rust (person) — Executive/Director mentioned in compensation details
- Rodgers Silicon Valley Acquisition Corp (company) — Former company name
FAQ
What was the total compensation for Dr. Talluri in the fiscal year ending December 29, 2024?
The filing details equity awards granted and their changes in value for Dr. Talluri, but specific total cash compensation figures for the fiscal year ending December 29, 2024, are not explicitly stated in the provided excerpt.
What is the purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is filed by companies to solicit shareholder votes on important corporate matters, including the election of directors and executive compensation.
When did Enovix Corp change its name from Rodgers Silicon Valley Acquisition Corp?
The date of the name change from Rodgers Silicon Valley Acquisition Corp to Enovix Corp was October 14, 2020.
What specific types of equity awards are detailed in the filing for the fiscal year 2024?
The filing details equity awards granted in the covered year, outstanding and unvested equity awards, changes in the fair value of outstanding equity awards, and vesting dates for equity awards.
Who are the key individuals whose compensation details are highlighted in this filing?
Key individuals mentioned in relation to compensation details include Dr. Talluri and Mr. Rust.
From the Filing
0001828318-25-000131.txt : 20250424 0001828318-25-000131.hdr.sgml : 20250424 20250424164553 ACCESSION NUMBER: 0001828318-25-000131 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 56 CONFORMED PERIOD OF REPORT: 20241229 FILED AS OF DATE: 20250424 DATE AS OF CHANGE: 20250424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Enovix Corp CENTRAL INDEX KEY: 0001828318 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] ORGANIZATION NAME: 04 Manufacturing EIN: 853174357 FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-39753 FILM NUMBER: 25868278 BUSINESS ADDRESS: STREET 1: 3501 W. WARREN AVENUE CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: 510 695-2350 MAIL ADDRESS: STREET 1: 3501 W. WARREN AVENUE CITY: FREMONT STATE: CA ZIP: 94538 FORMER COMPANY: FORMER CONFORMED NAME: Rodgers Silicon Valley Acquisition Corp DATE OF NAME CHANGE: 20201014 DEF 14A 1 envx-20250424.htm DEF 14A envx-20250424 0001828318 DEF 14A false iso4217:USD 0001828318 2024-01-01 2024-12-29 0001828318 envx:Dr.TalluriMember 2024-01-01 2024-12-29 0001828318 envx:Dr.TalluriMember 2023-01-02 2023-12-31 0001828318 envx:Mr.RustMember 2023-01-02 2023-12-31 0001828318 2023-01-02 2023-12-31 0001828318 envx:Mr.RustMember 2022-01-03 2023-01-01 0001828318 2022-01-03 2023-01-01 0001828318 envx:Mr.RustMember 2021-01-01 2022-01-02 0001828318 2021-01-01 2022-01-02 0001828318 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2024-01-01 2024-12-29 0001828318 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2024-01-01 2024-12-29 0001828318 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2024-01-01 2024-12-29 0001828318 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-29 0001828318 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-29 0001828318 ecd:EqtyAwrdsAdjsMember ecd:PeoMember 2024-01-01 2024-12-29 0001828318 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-29 0001828318 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2024-01-01 2024-12-29 0001828318 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-29 0001828318 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-29 0001828318 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-29 0001828318 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-29 0001828318 1 2024-01-01 2024-12-29 0001828318 2 2024-01-01 2024-12-29 0001828318 3 2024-01-01 2024-12-29 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a Party other than the Registrant   ☐ Check the appropriate box:   ☐ Preliminary Proxy Statement   ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))   ☒ Definitive Proxy Statement   ☐ Definitive Additional Materials   ☐ Soliciting Material Pursuant to § 240.14a-12 ENOVIX CORPORATION (Name of Registrant as Specified In Its Charter)   Payment of Filing Fee (Check all boxes that apply): ☒ No fee required   ☐ Fee paid previously with preliminary materials   ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Dear Fellow Shareholders, In 2024, we achieved key milestones in manufacturing, technology and sales, setting the stage for a breakout year in in 2025. We are focused on launching our first smartphone battery and converting our IoT pipeline into contracted backlog. Customers across multiple ind