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    Amir Panush

    Chief Executive Officer at CEVA Inc
    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 Inc

    GT
    Gweltaz Toquet
    Chief Commercial Officer
    MB
    Michael Boukaya
    Chief Operating Officer
    YA
    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/AEarly industry role
    Comsys Mobile Software Engineering and Project Management Roles N/AEarly industry role; company later acquired by Intel

    Fixed Compensation

    Data from  FY 2023
    Component NameAmount ($)Payment ScheduleAdditional Details
    Base Salary487,692 Monthly/AnnualGross monthly salary of 42,540
    Signing Bonus170,160 One-TimeSubject to continued employment for at least 18 months
    Car Allowance and Perquisites20,993 AnnualIncludes car allowance of 19,497 and meal expense reimbursement of 1,496
    Israeli Social Benefits72,284 AnnualContributions for severance pay, pension fund, and other social benefits
    Study Fund36,557 AnnualRepresents 7.5% of base salary
    Israeli Social Insurance10,783 AnnualContributions to the Israeli Social Security Institute

    Performance Compensation

    Data from  FY 2023

    Short-Term Performance-Based Restricted Stock Unit Award

    MetricWeightingThresholdTargetMaximumVesting ConditionGrant Details
    2023 License Revenue50% 90% of target100% of target110% of target91%-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 Return25% 90% of index return100% of index return110% of index returnSame vesting mechanism as above -
    Russell Index Return25% 90% of index return100% of index return110% of index returnSame vesting mechanism as above -

    Actual Outcome: 0 PSUs vested in 2023

    2023 Equity Awards - Short-Term Component

    MetricWeightingThresholdTargetMaximumVesting ConditionGrant Details
    2023 License and Related Revenue50% 90% of target100% of target110% of target91%-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 Index25% 90% of index return100% of index return110% of index returnVesting follows the same conditions as above -
    Relative TSR vs. Russell 2000 Index25% 90% of index return100% of index return110% of index returnVesting follows the same conditions as above -

    Actual Outcome: 0% vesting achieved in 2023

    2023 Long-Term Equity Awards

    MetricGoal/TargetAdditional ConditionsVesting ConditionGrant Details
    Non-GAAP EPS10% 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 goalGrant Date: Feb 17, 2023; Fair Value: $845,189 ; Stock Price: $33.01
    Non-GAAP Operating Margin20% in any fiscal year (2023-2025)-Vests upon first achievement of any goal-
    Revenue Growth10% 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 CapitalizationAt 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