Business Context and Reporting Period
This Form 8-K Current Report was filed by Microbot Medical Inc. on February 18, 2026. The filing discloses material definitive agreements and executive compensation adjustments effective for the 2026 fiscal year, with specific agreements dated February 20, 2026.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation adjustments.
Material Changes and Executive Compensation
The Company entered into amendments to employment agreements for three principal officers and authorized a special bonus for the CEO, effective for the 2026 fiscal year:
- Simon Sharon (CTO and GM of Israel facilities): Annual base salary increased to NIS 1,008,000; maximum annual bonus increased to 50% of base salary.
- Rachel Vaknin (CFO): Annual base salary increased to NIS 756,000; maximum annual bonus increased to 50% of base salary.
- Juan Diaz-Cartelle (CMO): Maximum annual bonus increased to 50% of base salary.
- Harel Gadot (CEO, President, and Chairman): Authorized a special one-time bonus of approximately $140,000, in addition to existing entitlements.
Base salaries for Mr. Sharon and Ms. Vaknin are subject to annual review based on performance metrics at the discretion of the Compensation Committee or Board of Directors.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, financial outlook, or discussion of risks and contingencies beyond the standard disclosure that the agreement terms are qualified by reference to the attached exhibits.
Investor Verification Checklist
- Verify the exact terms of the employment amendments in Exhibits 10.1, 10.2, and 10.3.
- Confirm the Company's cash position to assess the impact of the new salary obligations and the $140,000 special bonus.
- Review the specific performance metrics and criteria that will be used for the annual salary reviews of the CTO and CFO.
- Check for any related proxy statements or prior filings detailing the original employment agreements to understand the full compensation history.