Yosef Eichorn
About Yosef Eichorn
Yosef Eichorn is Chief Development Officer at Trailblazer Merger Corporation I (TBMC) and is 33 years old . He previously served as Vice President of Investments at LHX (since February 2025) and at LH Financial (January 2020–February 2025), following roles in compliance (March 2019–September 2021) and research (July 2018–December 2019); he holds a BS in Liberal Arts from Empire State College and is the son-in-law of TBMC’s CEO, Arie Rabinowitz . TBMC is a SPAC with no operating revenues; the 10-K describes interest income from the trust and no operating revenue, therefore TSR, revenue growth, and EBITDA growth performance metrics tied to Eichorn’s tenure are not disclosed or applicable at this stage .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| LHX | Vice President of Investments | Feb 2025–present | Evaluates new investment opportunities; monitors portfolio companies |
| LH Financial | Vice President of Investments | Jan 2020–Feb 2025 | Evaluated investments; portfolio monitoring for family office |
| LH Financial | Compliance Officer | Mar 2019–Sep 2021 | Developed and maintained compliance frameworks and procedures |
| LH Financial | Research Analyst | Jul 2018–Dec 2019 | Research support for investment decision-making |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed | — | — | No external public company directorships or committee roles disclosed for Eichorn |
Fixed Compensation
| Component | Amount/Term | Notes |
|---|---|---|
| Base Salary | Not paid | “None of our officers has received any cash compensation for services rendered to us” prior to a business combination |
| Target Bonus % | Not disclosed | No executive bonus program disclosed at SPAC stage |
| Actual Bonus Paid | Not paid | No bonuses prior to business combination |
| Cash Fees/Perquisites | Reimbursement only | Officers reimbursed for bona fide out-of-pocket expenses; no other compensation |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable | — | — | — | — | No equity award plan for TBMC officers prior to business combination; no RSU/PSU/option grants disclosed |
- TBMC’s compensation committee exists but, pre-business combination, is “likely” only to review arrangements connected with the initial business combination; compensation to officers will be determined by a post-combination board/committee .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial Ownership (Eichorn) | Less than 1% of outstanding shares as of March 24, 2025 (asterisk indicates <1%) |
| Shares Outstanding Snapshot | 4,499,115 Class A and 1 Class B outstanding as of March 18, 2025 |
| Options/RSUs (Eichorn) | None disclosed |
| Vested vs Unvested | Not disclosed |
| Shares Pledged/Hedged | No pledging/hedging disclosures specific to Eichorn |
| Stock Ownership Guidelines | Not disclosed for officers; TBMC is an emerging growth SPAC |
- Sponsor alignment and control: Trailblazer Sponsor Group LLC beneficially owned ~47.1% (2,119,500 shares) as of March 24, 2025; Joseph Hammer (Chairman) may be deemed beneficial owner of sponsor-held shares, underscoring sponsor control and potential influence over governance and compensation outcomes post-transaction .
Employment Terms
- Employment agreement: TBMC does “not have an employment agreement with any member of our management team” .
- Severance/Termination benefits: “We are not party to any agreements with our officers and directors that provide for benefits upon termination of employment” .
- Change-of-control economics: Not disclosed; compensation, if any, for officers would be determined by post-combination governance .
- Clawbacks/Ownership rules: Not disclosed .
- Non-compete/Non-solicit/Garden leave: Not disclosed .
- Reimbursement: Officers may be reimbursed for bona fide out-of-pocket expenses; audit committee oversight on payments .
- Familial relationship: CEO Arie Rabinowitz is Eichorn’s father-in-law (governance and related-party sensitivity) .
Performance & Track Record
- Company context: TBMC is a SPAC with no operating revenues; net income in 2024 reflects interest on trust assets and taxes/expenses, not operational execution; no executive-specific performance metrics disclosed .
- Public communications: Eichorn is listed as TBMC contact in press releases around annual meeting scheduling/postponements, indicating an investor relations/communications function in practice .
- Insider trading cadence: No Form 4 transactions for Eichorn were found in the available TBMC filings and document search results scanned; no insider sale/vesting pressure discernible from company documents [ListDocuments 8-K set; SearchDocuments results show no compensation/ownership changes for Eichorn beyond contact info] .
Compensation Structure Analysis
- Pre-combination pay-for-performance alignment: Neutral to positive (no cash pay, no equity grants, reimbursement-only model). However, absence of pre-defined, disclosed performance metrics and targets limits forward alignment visibility until after closing .
- Equity award repricing/modifications: None disclosed .
- Cash vs equity mix: No compensation paid at all pre-combination; post-combination policies unknown .
- Discretionary bonuses: None disclosed .
Related Party Transactions & Governance
- Sponsor loans/extensions and trust mechanics: Extensive sponsor-funded extensions and promissory note amendments; sponsor rights and MFN provisions embedded in amended notes (potential governance sensitivity post-close) .
- Familial tie: CEO is Eichorn’s father-in-law; TBMC’s related-party policy requires audit committee and independent director approvals for related party transactions; no officer finder’s fees pre-combination permitted .
- Committee structure: Audit and compensation committees composed of independent directors; compensation committee chaired by Barak Avitbul .
Investment Implications
- Alignment and retention risk: Pre-combination, Eichorn has no cash/equity compensation and <1% ownership, suggesting limited personal selling pressure but also limited explicit retention economics until post-close packages are set; familial relationship with CEO raises governance sensitivity that investors should monitor in post-combination compensation decisions .
- Trading signals: No Form 4 insider selling identified from available documents; no RSU/option vesting schedules disclosed, implying low near-term selling pressure tied to vesting at the SPAC stage [SearchDocuments results; 10-K compensation item shows no grants] .
- Pay-for-performance outlook: The key catalyst is the business combination; post-combination, disclosure of performance metrics (e.g., revenue, EBITDA, TSR, product milestones for Cyabra) and incentive structures will drive assessment of compensation alignment. Prioritize review of the S-4/Proxy Statement/Prospectus and post-close filings for specific metric weightings, targets, and vesting .
- Governance watch items: Sponsor control (~47.1%), extensive sponsor financing arrangements, and the CEO/executive familial tie warrant heightened scrutiny of compensation design, related-party transactions, and potential conflicts post-transaction; rely on independent board/committee oversight and fairness opinions as safeguards .