CEVA INC - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CEVA, INC. on January 30, 2007, covering events occurring on January 25, 2007. The company is incorporated in Delaware and is headquartered in San Jose, California.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a specific executive compensation event rather than financial performance.
Material Changes
The material event reported is the grant of stock options to an executive officer. On January 25, 2007, Issachar Ohana, Executive Vice President of Worldwide Sales, received a grant to purchase 27,000 shares of common stock under the Company's 2000 Stock Incentive Plan.
- Exercise Price: $7.22 per share (closing price on January 25, 2007).
- Vesting Schedule: 25% of shares vest on January 25, 2008, with the remaining shares vesting monthly at a rate of 1/48th thereafter.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the specific compensation arrangement described.
Key Facts for Investor Verification
- Verify the total number of shares authorized under the 2000 Stock Incentive Plan to assess the impact of this grant.
- Confirm the current stock price relative to the $7.22 exercise price to evaluate the option's intrinsic value.
- Review the Company's most recent 10-K or 10-Q for comprehensive financial data not included in this 8-K.