Business Context and Reporting Period
This Form 6-K filing by Foresight Autonomous Holdings Ltd. covers the month of August 2019, with a report date of August 5, 2019. The filing discloses a material change in corporate governance regarding the Board of Directors.
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 personnel announcement and contains no financial data.
Material Changes
- Board Resignation: Eliyahu (Eli) Yoresh resigned from the Company's Board of Directors effective August 2, 2019.
- Reason for Resignation: Mr. Yoresh stated the resignation is due to personal reasons and explicitly noted it is not due to any disagreements or disputes with the Company.
- Continued Roles: Despite leaving the Board, Mr. Yoresh continues to serve as the Company's Chief Financial Officer. He also retains his positions on the Boards of the wholly owned subsidiaries (Foresight Automotive Ltd. and Eye-Net Mobile Ltd.) and the affiliate (Rail Vision Ltd.).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, outlook, management commentary on operations, or specific risk factors beyond the disclosed resignation. The document notes that this report is incorporated by reference into the Registrant's Registration Statements on Form F-3 and Form S-8.
Key Facts for Investor Verification
- Confirm the effective date of Eliyahu Yoresh's resignation from the Board (August 2, 2019).
- Verify that Mr. Yoresh retains his role as Chief Financial Officer.
- Check for any subsequent filings regarding the appointment of a new Board member to replace Mr. Yoresh.
- Review the referenced Form F-3 and Form S-8 for broader context on the company's capital structure and operations.