Kornit Digital Announces CFO Transition and New $100 Million Share Repurchase Program

Rhea-AI Summary

Kornit Digital (NASDAQ: KRNT) announced a planned CFO transition and a new $100 million share repurchase authorization on Nov 17, 2025. Lauri Hanover will remain CFO through mid-December 2025 to ensure an orderly handover; Assaf Zipori will become CFO bringing prior CFO experience at Nano Dimension and Markforged.

The Board authorized repurchases up to $100 million, building on $165 million repurchased since 2023. Repurchases may occur in the open market or privately, are subject to a 30-day creditor notification under Israeli law, and may be suspended during the Q4 2025 blackout period.

Positive

• $100 million new share repurchase authorization
• $165 million total repurchases executed since 2023
• Named successor CFO with prior public-company CFO experience

Negative

• CFO departure creates near-term leadership transition through mid-December 2025
• Repurchases contingent on 30-day creditor notice and Q4 2025 blackout

Insights

Corporate Finance Expert

Repurchase signals strong cash position; $100 million program likely to be value-accretive if deployed prudently.

The Board authorized a $100 million ($100 million) repurchase, building on $165 million previously bought since 2023, which uses free cash and reduces share count when executed.

Benefits depend on execution: timing, size, and whether repurchases occur at attractive prices; program may pause for the Q4 blackout and creditor notification under Israeli law, so near-term activity could be delayed.

Watch for actual repurchase cadence after the creditor notification period and any disclosures of buyback mechanics over the next weeks to months; these operational details will indicate immediate impact.

Corporate Governance & Leadership Expert

CFO transition appears orderly with an experienced successor and a defined transition window through mid-December 2025.

The outgoing CFO will remain through mid-December 2025 to effect a handover, while the incoming CFO brings cross‑sector finance and operational experience; this limits near-term disruption to financial operations and reporting.

Risks include customary integration and retention questions during the transition and any short-term distractions for management; no adverse facts about performance or misconduct are disclosed.

Monitor communications on the formal start date for the new CFO, any changes to guidance or accounting policies, and the company’s disclosure around the creditor notification outcome; expect clarity within the next few weeks.

Moves Reflect Confidence in the Company’s Strategy and Long-Term Growth Plan

ROSH HA`AYIN, Israel, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (“Kornit” or the “Company”) (NASDAQ: KRNT), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, today announced a CFO transition and a new $100 million share repurchase authorization, reinforcing its continued focus on profitable growth, operational excellence, and creating long-term value for its shareholders.

CFO Transition

Kornit announced the planned transition of its Chief Financial Officer, as Lauri Hanover has decided, for personal reasons, to step down from her position. Ms. Hanover will remain the Company’s Chief Financial Officer through mid-December 2025 to ensure a smooth and effective transition.

“On behalf of Kornit’s Board and entire management team, I want to thank Lauri for her partnership, professionalism, and significant contributions over the past decade,” said Ronen Samuel, Chief Executive Officer of Kornit Digital. “Lauri served seven years as a member of the Board and Chairwoman of the Audit Committee and the last three years as Kornit’s Chief Financial Officer. She played a central role in strengthening Kornit’s financial foundation and supporting our journey toward sustainable, recurring, and profitable growth. We thank Lauri sincerely for her dedication and leadership and wish her well in her future endeavors.”

Mr. Samuel continued, “I am very pleased to welcome Assaf Zipori as our new CFO. Assaf brings deep financial expertise, strategic insight, and strong operational leadership that will help us execute on the next phase of our journey and in building long-term value for our shareholders.”

Mr. Zipori joins Kornit with extensive financial, strategic, and operational leadership experience across the technology and manufacturing sectors. Most recently, he served as Global CFO of Nano Dimension Ltd. (Nasdaq: NNDM) following its acquisition of Markforged Holding Corporation (NYSE: MKFG), where he also served as CFO.

He previously held senior financial leadership roles at Component Control, Amdocs, and Retalix, which was later acquired by NCR Corporation. Earlier in his career, he worked at Ernst and Young and KPMG, advising global clients across technology and industrial markets.

“I am thrilled to join Kornit as Chief Financial Officer at such a transformative moment in the Company’s evolution,” said Mr. Zipori. “I look forward to partnering with the leadership team and the Board to advance operational excellence, accelerate profitable growth, and deliver sustainable value for our customers and shareholders.”

Share Repurchase Program

Kornit also announced that its Board of Directors has authorized a new share repurchase program of up to $100 million. This authorization reflects the Company's strong balance sheet and continued confidence in the Company’s strategy, execution, and long-term growth trajectory. It builds on the $165 million in share repurchases executed since 2023 and underscores Kornit’s commitment to disciplined capital allocation and enhancing value for its shareholders.

“Our business continues to strengthen as we execute on our strategic priorities, expand recurring revenues, and deliver improved profitability,” said Mr. Samuel. “This repurchase program reflects our firm belief in the Company's strategy, the resilience of our business model, and the substantial long-term value we are creating as we continue leading the digital transformation of the fashion and textile industry.”

Under the share repurchase program, Kornit’s ordinary shares may be repurchased from time to time in the open market or through privately negotiated transactions, consistent with United States securities laws and regulations. The timing and amount of repurchases will depend on market conditions, share price, and other considerations, and the program may be suspended or discontinued at any time. Repurchases may commence after completion of the required thirty-day creditor notification period under Israeli law (assuming that there are no objections raised by creditors), and subject to potential limitations on repurchases once the upcoming blackout period related to the end of the fourth quarter of 2025 begins.

About Kornit Digital

Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies. The Company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries and states worldwide. To learn more about how Kornit Digital is boldly transforming the world of fashion and textiles, visit www.kornit.com.

Forward Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as “will,” “expects,” “anticipates,” “believes,” “intends,” “planned,” or other similar words. These forward-looking statements include, but are not limited to, statements relating to the Company’s objectives, plans and strategies, including with respect to the Company’s authorized share repurchase program, statements regarding the Company’s results of operations and financial condition and all statements that address developments that the Company expects or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: potential objection to the share repurchase program by the Company’s creditors and/or failure to receive Israeli court approval after any such objection; the Company’s degree of success in developing, introducing and selling new or improved products and product enhancements including specifically the Company’s Poly Pro and Presto products, and the Company’s Apollo direct-to-garment platform; the extent of the Company’s ability to increase sales of its systems, ink and consumables; the development of the market for digital textile printing; securities class action litigation expenses; and those additional factors referred to under “Risk Factors” in Item 3.D of the Company’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025. Any forward-looking statements in this press release are made as of the date hereof, whether as a result of new information, future events or otherwise, except as required by law.

Investor Contact:                                                        
Jared Maymon
Global Head of Investor Relations & Strategic Finance
Jared.Maymon@Kornit.com

FAQ

What did Kornit (KRNT) announce on November 17, 2025?

Kornit announced a CFO transition and a new $100 million share repurchase authorization.

Who will serve as Kornit’s CFO after mid-December 2025?

Assaf Zipori will join as Kornit’s Chief Financial Officer following Lauri Hanover’s departure.

How much has Kornit (KRNT) repurchased since 2023 before the new program?

Kornit has executed $165 million in share repurchases since 2023.

When can Kornit (KRNT) begin repurchases under the new $100M program?

Repurchases may commence after the required 30-day creditor notification period under Israeli law, if no objections arise.

How will Kornit (KRNT) execute the $100 million buyback?

Repurchases may be made in the open market or through privately negotiated transactions, subject to U.S. securities laws.

Could Kornit’s share repurchase program be paused or stopped?

Yes. The program may be suspended or discontinued at any time and is subject to blackout periods such as Q4 2025.