Liat Zalts
About Liat Zalts
Liat Zalts is Pluri Inc.’s Chief Financial Officer and Treasurer, appointed July 2, 2024 effective September 30, 2024, after serving as Director of Finance since December 2022 . She was 40 at appointment and 41 as shown in the 2025 proxy ; she is a Certified Public Accountant (Israel) with a bachelor’s in economics and business management (Haifa University) and a degree in accounting (Bar Ilan University) . Company performance context around her finance leadership tenure shows net loss decreased by ~30% from FY 2022 to FY 2023 and by ~26% from FY 2023 to FY 2024, while cumulative TSR over two years remained negative, per the Pay vs. Performance disclosure .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Pluri Inc. | Director of Finance | Dec 2022–Sep 2024 | Finance leadership prior to CFO appointment |
| Matics Manufacturing Analytics Ltd. | Chief Financial Officer | Mar 2018–Nov 2022 | CFO of a SaaS, high-tech company based in Israel |
| Ernst & Young Israel (EY) | Manager of audit groups (high-tech) | 2014–2018 | Managed audit groups for public and private high‑tech companies |
| Ernst & Young Israel (EY) | Audit/finance roles | Oct 2008–2014 | Worked at EY prior to becoming audit group manager |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Ever After Foods Ltd. | Director | Since Oct 2024 | Board role disclosed in proxy |
| Haifa International Stadium Co. Ltd. | Director | Since Jun 2020 | Board role disclosed in proxy |
Fixed Compensation
- Base salary, target bonus percentage, and actual cash bonus for Ms. Zalts were not disclosed in the 2025 DEF 14A; the company reported entry into an employment agreement and indemnification agreement on September 18, 2024 .
Performance Compensation
| Incentive type | Grant date | Shares granted | Vesting schedule | Performance linkage |
|---|---|---|---|---|
| RSUs | Sep 18, 2024 | 15,000 | 3-year vest; 50% vests quarterly in year 1, 25% vests quarterly in year 2, 25% vests quarterly in year 3 | Time-based; no performance conditions disclosed |
- Under company equity plans, all unvested RSUs vest upon a change in control (plan-level provision) .
Equity Ownership & Alignment
- Beneficial ownership for Ms. Zalts was not itemized in the 2025 DEF 14A security ownership table; the CFO listed there pertains to her predecessor due to the FY 2024 measurement date .
- No pledging or hedging by Ms. Zalts was disclosed; the company noted no related person transactions exceeding thresholds in FY 2024/2023 beyond compensation arrangements .
- Alignment signals: equity is time-based RSUs with quarterly vesting in year 1, creating incremental vesting cadence; plan-level change-of-control acceleration can produce immediate vesting of unvested RSUs .
Employment Terms
| Term | Date | Details |
|---|---|---|
| Appointment as CFO & Treasurer | Jul 2, 2024 (effective Sep 30, 2024) | Board appointed Ms. Zalts to CFO and Treasurer; she previously served as Director of Finance since Dec 2022 . |
| Employment & indemnification agreements | Sep 18, 2024 | Company entered into employment and standard indemnification agreements; 15,000 RSUs granted with 3-year quarterly vest schedule . |
| Related-party transactions | As of FY 2024 proxy | No transactions requiring disclosure under Item 404(a) for Ms. Zalts; no arrangements/understandings with other persons for her appointment . |
| Change-in-control | Plan-level | All unvested RSUs vest upon change-in-control under company equity plans . |
| Severance / non-compete / clawback | — | Not disclosed for Ms. Zalts in the 2025 DEF 14A . |
Performance & Track Record (Company context)
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Net Loss ($USD) | $41,374,000 | $28,887,000 | $21,344,000 |
| Value of $100 based on TSR | $(2,184) | $(2,528) | $(2,590) |
- Company narrative attributes FY 2022→FY 2023 and FY 2023→FY 2024 net loss reductions largely to completion/termination of clinical studies and lower expenses, with increases in financial income in FY 2024 .
Additional Confirmations
- Ms. Zalts signed an 8‑K on September 11, 2025 in her capacity as CFO, confirming ongoing tenure .
- Age references: 40 at appointment (July 2024) and 41 in the 2025 proxy .
- Education and credential: Bachelor’s in economics & business management (Haifa University), accounting degree (Bar Ilan University), CPA (Israel) .
Investment Implications
- Pay-for-performance alignment: Current disclosures show time-based RSUs without specified performance metrics for Ms. Zalts; absence of disclosed salary/bonus targets limits assessment of pay rigor .
- Vesting cadence & potential selling pressure: Quarterly vesting in year 1 increases tradable shares on a regular schedule; plan-level change-in-control acceleration could create a one‑time unvested equity windfall .
- Retention risk & contractual economics: No severance or non‑compete terms were disclosed for Ms. Zalts, reducing visibility into exit economics or retention incentives relative to peers .
- Governance and conflicts: No related party transactions involving Ms. Zalts were disclosed, and no pledging was indicated—supportive of alignment .
- Execution context: She is a relatively new CFO (effective October 2024) with prior SaaS CFO and Big Four audit leadership experience; company net losses have trended lower through FY 2024, but TSR remained negative—placing emphasis on capital discipline and milestone execution during her tenure .