CEVA, Inc. Elects Amir Faintuch as Independent Member of Board

CEVA, Inc. (NASDAQ: CEVA) recently announced a significant addition to its Board of Directors. On January 24, 2025, the Board of CEVA, Inc., approved the appointment of Amir Faintuch as an independent member, increasing the total number of board members from seven to eight.

Amir Faintuch, aged 56, currently serves as the Chief Executive Officer of Volumez, specializing in Data Infrastructure as a Service. Faintuch brings a wealth of experience, having held leadership roles in various prominent technology companies including GlobalFoundries, Intel Corporation, and Qualcomm. Faintuch’s corporate journey began at Texas Instruments, where he played a pivotal role in establishing the company’s prominence in mobile connectivity technologies. Faintuch holds a bachelor’s degree in economics and business administration from Haifa University in Israel and a dual MBA degree from the Kellogg School of Management at Northwestern University and the Recanati Business School at Tel Aviv University.

There are no predetermined agreements or relationships influencing Faintuch’s appointment to the Board. Furthermore, there are no familial connections between Faintuch and any existing director or executive officer of the company. Additionally, Faintuch is not involved in any related party transactions necessitating disclosure under Item 404(a) of Regulation S-K.

According to CEVA, Inc.’s non-employee director compensation policy, Faintuch will receive an annual cash retainer of $40,000, prorated based on his appointment date. He will also be granted annual director restricted stock units worth $124,670 under the company’s Amended and Restated 2011 Stock Incentive Plan. These units will vest over a two-year period, with half vesting after the first anniversary and the remainder after the second anniversary of the grant date.

CEVA, Inc. plans to finalize a standard director indemnification agreement with Faintuch, and a press release dated January 29, 2025, detailing Amir Faintuch’s appointment has been filed alongside the Securities and Exchange Commission.

For further information, the full press release regarding Mr. Faintuch’s appointment is available on CEVA, Inc.’s website or through the SEC’s EDGAR filing system.

In compliance with SEC regulations, the company has made the necessary disclosures regarding this recent development.

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This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read CEVA’s 8K filing here.

CEVA Company Profile

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.