Amir Panush

Chief Executive Officer at CEVA

Since January 1, 2023

Age

51 years

Education

Holds a Master of Business Administration from Haas Business School, University of California, Berkeley and a bachelor's degree, Cum Laude, in Computer Science from Technion Institute of Technology in Israel.

Tenure

Joined as Chief Executive Officer on January 1, 2023 and became a board member on February 13, 2024, spearheading strategic transformations at CEVA.

Also at CEVA

Gweltaz Toquet

Chief Commercial Officer

Michael Boukaya

Chief Operating Officer

Yaniv Arieli

Chief Financial Officer

About

Amir Panush has built a distinguished career in the technology and semiconductor industries through progressive leadership roles across companies such as Qualcomm, InvenSense, and Texas Instruments. His early work in software engineering and project management evolved into critical strategic positions that centered on product management, business development, and corporate growth initiatives.

With a strong academic foundation that includes an MBA and a bachelor's degree in Computer Science, his technical prowess is matched by robust business acumen. This educational background has underpinned his ability to drive innovation and lead transformative projects throughout his career.

Since joining CEVA on January 1, 2023, his tenure as Chief Executive Officer and subsequent role as a board member from February 13, 2024 have been marked by key strategic shifts. His leadership has focused on realigning the company's core IP offerings and boosting overall performance, positioning CEVA as a pivotal player in the Smart Edge era.

$CEVA Performance Under Amir Panush

Past Roles

Organization	Role	Date Range	Details
InvenSense / TDK Corporation	Chief Executive Officer and General Manager	2015 - Jan 2023	Led strategic expansion and diversification; role evolved after InvenSense was acquired by TDK
Qualcomm	Senior Director of Product Management and Business Development (IoE/IoT)	May 2011 - March 2015	Oversaw the IoE/IoT client business
Atheros Communications	Strategic Marketing and Partnerships Lead	Pre-2011	Position held prior to joining Qualcomm; company later acquired by Qualcomm
Texas Instruments	Software Engineering and Project Management Roles	N/A	Early industry role
Comsys Mobile	Software Engineering and Project Management Roles	N/A	Early industry role; company later acquired by Intel

Fixed Compensation

Data from FY 2023

Component Name	Amount ($)	Payment Schedule	Additional Details
Base Salary	487,692	Monthly/Annual	Gross monthly salary of 42,540
Signing Bonus	170,160	One-Time	Subject to continued employment for at least 18 months
Car Allowance and Perquisites	20,993	Annual	Includes car allowance of 19,497 and meal expense reimbursement of 1,496
Israeli Social Benefits	72,284	Annual	Contributions for severance pay, pension fund, and other social benefits
Study Fund	36,557	Annual	Represents 7.5% of base salary
Israeli Social Insurance	10,783	Annual	Contributions to the Israeli Social Security Institute

Performance Compensation

Data from FY 2023

Short-Term Performance-Based Restricted Stock Unit Award

Metric	Weighting	Threshold	Target	Maximum	Vesting Condition	Grant Details
2023 License Revenue	50%	90% of target	100% of target	110% of target	91%-99% vest if results between 90%-99%; for every 1% increase above target (up to 110%), an extra 3% vests	Grant Date: Feb 17, 2023; Fair Value: $584,589 ; Stock Price: $33.01 ; Target: 21,811 shares with an extra 6,543 possible
S&P Index Return	25%	90% of index return	100% of index return	110% of index return	Same vesting mechanism as above	-
Russell Index Return	25%	90% of index return	100% of index return	110% of index return	Same vesting mechanism as above	-

Actual Outcome: 0 PSUs vested in 2023

2023 Equity Awards - Short-Term Component

Metric	Weighting	Threshold	Target	Maximum	Vesting Condition	Grant Details
2023 License and Related Revenue	50%	90% of target	100% of target	110% of target	91%-99% vest if results between 90%-99%; additional 3% vesting for each 1% increase above target	Grant Date: Feb 17, 2023; Fair Value: $584,589 ; Stock Price: $33.01 ; Target: 21,811 PSUs; Maximum: 28,354 PSUs
Relative TSR vs. S&P Index	25%	90% of index return	100% of index return	110% of index return	Vesting follows the same conditions as above	-
Relative TSR vs. Russell 2000 Index	25%	90% of index return	100% of index return	110% of index return	Vesting follows the same conditions as above	-

Actual Outcome: 0% vesting achieved in 2023

2023 Long-Term Equity Awards

Metric	Goal/Target	Additional Conditions	Vesting Condition	Grant Details
Non-GAAP EPS	10% CAGR over 2022-2025 or $1.00 in any fiscal year (2023-2025)	Alternative goal: achieve $1.00 in any fiscal year	Vests upon first achievement of any goal	Grant Date: Feb 17, 2023; Fair Value: $845,189 ; Stock Price: $33.01
Non-GAAP Operating Margin	20% in any fiscal year (2023-2025)	-	Vests upon first achievement of any goal	-
Revenue Growth	10% CAGR over 2022-2025 or $180M in any fiscal year (2023-2025)	Alternative goal: achieve $180M in any fiscal year	Vests upon first achievement of any goal	-
Market Capitalization	At least $1.1B maintained over 30 consecutive trading days	-	Vests upon first achievement of any goal	-

Actual Outcome: No long-term performance goals were met in 2023