Business Context and Reporting Period
This Form 8-K is a current report filed by ReWalk Robotics Ltd. (not Lifeward Ltd.) on January 5, 2018, covering events occurring on January 1, 2018, and January 4, 2018. The registrant is an emerging growth company incorporated in Israel.
Key Financial Metrics
This filing is a corporate governance report regarding executive personnel changes. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data.
Material Changes
- Departure of CFO: Kevin Hershberger resigned as Chief Financial Officer, effective February 22, 2018. The resignation is to pursue another career opportunity and is not the result of any disagreement with the Company regarding operations, policies, or practices.
- Appointment of CFO: The Board appointed Ori Gon as the new Chief Financial Officer, effective February 22, 2018.
- Transition Plan: Mr. Hershberger will work closely with Mr. Gon to ensure a seamless transition.
Outlook, Risks, and Unusual Items
Management Commentary: The Company thanked Mr. Hershberger for his strategic leadership and contributions to growth. Mr. Gon, 36, has served as Corporate Controller since July 2015 and previously worked at On Track Innovations Ltd. and KPMG. He is a CPA with a B.A. in Economics.
Compensation: There are no current finalized arrangements regarding Mr. Gon's compensation. The Company intends to finalize the employment agreement in the future, at which time it will be disclosed.
Risks/Contingencies: No specific financial risks or contingencies were disclosed in this filing. The filing notes that the press release attached as Exhibit 99.1 is furnished and not deemed "filed" for liability purposes under Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the effective date of the CFO transition (February 22, 2018).
- Monitor future filings for the finalized employment agreement and compensation terms for Mr. Ori Gon.
- Confirm that the resignation of Mr. Hershberger was not related to any undisclosed accounting or operational disputes.
- Note that this filing contains no financial performance data; refer to the most recent 10-K or 10-Q for financial metrics.