Business Context and Reporting Period
This Form 8-K Current Report was filed by Duke Robotics Corp. on June 7, 2026, with the report date finalized on June 11, 2026. The filing primarily addresses a significant change in executive leadership under Item 5.02.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and appointment details.
Material Changes
- Executive Transition: The Board appointed Mr. Yiftach Kleinman as Chief Executive Officer (CEO), effective upon the commencement of his employment (expected no later than September 8, 2026).
- Role Reassignment: Mr. Yossi Balucka was relieved of his duties as CEO but will continue to serve as the Company's President.
- Compensation Structure: Mr. Kleinman's employment agreement includes a gross monthly base salary of NIS 80,000 (approx. $27,600), an annual cash bonus opportunity of up to 12 monthly salaries, and a specific 2026 bonus of two monthly salaries.
- Equity Grant: Mr. Kleinman is eligible for an option grant to purchase 53,600 shares of common stock, vesting over three years.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking financial guidance, market outlook, or discussion of operational risks. The primary commentary relates to Mr. Kleinman's background, including his tenure as CEO of SpearUAV and previous executive roles at Rafael Advanced Defense Systems Ltd. The Employment Agreement includes standard confidentiality, intellectual property assignment, and non-compete provisions.
Investor Verification Checklist
- Verify the exact start date of Mr. Kleinman's employment (expected by September 8, 2026).
- Review the full text of the Personal Employment Agreement (Exhibit 10.1) for specific performance metrics tied to the bonus structure.
- Confirm the exercise price of the 53,600 stock options once the grant date is finalized.
- Monitor the transition plan for Mr. Balucka's shift from CEO to President.