Kornit Digital Appoints Andrew G. Backman Chief Capital Markets Officer
Rhea-AI Summary
Kornit Digital (NASDAQ: KRNT) appointed Andrew G. Backman as Chief Capital Markets Officer, effective January 13, 2026. Based at Kornit’s U.S. headquarters in Englewood, New Jersey, Backman will support capital markets activities, investor relations, and corporate and business development initiatives.
Backman previously served as Kornit’s Global Head of Investor Relations from 2021–2023 and has participated in more than $30 billion of capital markets transactions. He most recently served as Global Head of Investor Relations at EMCOR Group and holds a B.A. in Economics from Boston College.
Positive
- Appointment date: effective January 13, 2026
- Capital markets experience: participated in over $30 billion in transactions
- Prior Kornit experience: Global Head of Investor Relations from 2021–2023
- US-based: located at Kornit’s Englewood, New Jersey headquarters
Negative
- None.
News Market Reaction
On the day this news was published, KRNT declined 3.54%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
KRNT was modestly lower by 0.83% while only one momentum-screened peer (SERV) showed a move, trading down 6.10%, suggesting a stock-specific tone rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 17 | CFO change & buyback | Positive | +2.3% | CFO transition and new <b>$100M</b> share repurchase authorization. |
| Nov 05 | Earnings release | Positive | -6.2% | Q3 2025 growth and positive adjusted EBITDA but shares dropped post-report. |
| Oct 27 | Product launch | Positive | +6.8% | Launch of commercial digital footwear solution for sports and athleisure. |
| Oct 27 | Innovation showcase | Positive | +6.8% | Planned unveiling of footwear solution and AIC model at ITMA Asia. |
| Oct 22 | Earnings date notice | Neutral | -0.8% | Announcement of Q3 2025 earnings release date and conference call. |
Recent company-specific news, especially product launches and capital allocation actions, has typically led to price moves aligned with the positive tenor of those announcements, while at least one earnings release showed a negative divergence.
Over the last few months, Kornit reported Q3 2025 revenue of $53.1M with positive adjusted EBITDA of $1.1M, but shares fell 6.23%, indicating some skepticism around earnings. In contrast, product and innovation announcements tied to ITMA Asia + CITME 2025 on Oct 27, 2025 coincided with gains of 6.83%. A $100M share repurchase authorization on Nov 17, 2025 saw a 2.28% rise. Today’s capital markets leadership appointment fits into this broader pattern of strategic and capital markets-related updates.
Market Pulse Summary
This announcement adds an experienced capital markets leader who has participated in over $30 billion of transactions and previously led Kornit’s investor relations from 2021–2023. It follows recent milestones such as a $100M share repurchase authorization and new product launches. Investors may track how this role shapes communication around earnings, capital allocation, and growth initiatives, especially given the stock’s position below its 200-day moving average.
Key Terms
capital markets financial
investor relations financial
institutional investors financial
sell-side analysts financial
AI-generated analysis. Not financial advice.
ROSH HA’AYIN, Israel and ENGLEWOOD. N.J., Jan. 20, 2026 (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 the appointment of Andrew G. Backman as Chief Capital Markets Officer, effective January 13, 2026. In this role, Mr. Backman will support Kornit’s capital markets activities, investor relations, and corporate and business development initiatives.
Mr. Backman, who will be based at the Company's U.S. Headquarters in Englewood, New Jersey, has extensive capital markets and investor relations experience, participating in more than
“We are pleased to welcome Andy back to Kornit,” said Ronen Samuel, Chief Executive Officer of Kornit Digital. “His deep understanding of Kornit and strong relationships across the global capital markets community will help support the disciplined execution of our strategy.”
“I am excited to return to Kornit at a pivotal time in the Company’s evolution,” said Andrew G. Backman. “Kornit has a distinctive role in the digital transformation of textile and apparel production. I look forward to supporting the company’s engagement with our investment community and business partners.”
Mr. Backman recently served as Global Head of Investor Relations at EMCOR Group, Inc. (NYSE: EME), with prior experiences including senior capital markets and investor relations roles across more than 14 industries. He holds a B.A. in Economics from Boston College and is a graduate of AT&T / Lucent Technologies’ Financial Leadership Program.
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. To learn more, 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 Contacts:
Jared Maymon
Global Head of Investor Relations & Strategic Finance
Jared.Maymon@Kornit.com
Andrew G. Backman
Chief Capital Markets Officer
Andrew.Backman@kornit.com
FAQ
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