Defense veteran Yoav Har-Even joins Innoviz (NASDAQ: INVZ) board
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Innoviz Technologies reported changes to its Board of Directors. The company appointed Maj. Gen. (Ret.) Yoav Har-Even, former President & CEO of Rafael Advanced Defense Systems and retired IDF Major General, as an independent Class II director effective July 5, 2026. His initial term runs until Innoviz’s 2026 annual shareholders’ meeting. He will receive compensation under the existing non-employee director policy and an indemnification agreement consistent with other directors. Innoviz highlighted his deep background in advanced defense technologies and international defense markets as support for its growing focus on defense and security. The filing also notes that James Sheridan, originally appointed by Perception Capital Partners, resigned from the Board effective July 3, 2026, following the expiry of Perception’s director appointment right in April 2026.
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Key Terms
independent director, Class II director, non-employee director compensation policy, indemnification agreement, +2 more
6 terms
independent director regulatory
"the Board appointed Yoav Har-Even as an independent director effective July 5, 2026"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Class II director regulatory
"Mr. Har-Even was appointed as a Class II director for an initial term"
A class II director is a member of a company’s board who belongs to one of several staggered groups of directors, each group standing for election in different years. For investors, this matters because staggered terms slow wholesale board turnover—like rotating members of a neighborhood committee—making sudden changes in control or strategy harder and affecting how quickly shareholders can influence corporate direction.
non-employee director compensation policy financial
"entitled to receive compensation in accordance with Innoviz’s non-employee director compensation policy"
indemnification agreement regulatory
"Innoviz plans to enter into an indemnification agreement with Mr. Har-Even"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Form 6-K regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
Form 20-F regulatory
"Innoviz's annual report on Form 20-F for the year ended December 31, 2025"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
FAQ
What board change did Innoviz Technologies (INVZ) announce in this Form 6-K?
Innoviz Technologies appointed Maj. Gen. (Ret.) Yoav Har-Even as an independent Class II director effective July 5, 2026, and reported the resignation of director James Sheridan effective July 3, 2026, after Perception Capital Partners’ board appointment right expired.
Who is Yoav Har-Even, the new Innoviz Technologies (INVZ) director?
Yoav Har-Even is a retired IDF Major General and former President & CEO of Rafael Advanced Defense Systems from 2016 to 2024, where he led global operations and advanced defense technologies, including systems such as Iron Dome, David’s Sling and Trophy Active Protection.
How long will Yoav Har-Even serve on the Innoviz Technologies (INVZ) board?
Yoav Har-Even was appointed a Class II director with an initial term expiring at Innoviz’s annual shareholders’ meeting to be held in 2026, and will continue thereafter until a successor is elected and qualified or his office otherwise becomes vacant under applicable rules.
Why did James Sheridan resign from the Innoviz Technologies (INVZ) board?
James Sheridan resigned as a director effective July 3, 2026. He had been appointed in April 2021 by Perception Capital Partners under a board appointment right in Innoviz’s Articles of Association, which expired in April 2026 and is no longer in effect.
Is Yoav Har-Even considered an independent director at Innoviz Technologies (INVZ)?
The Board determined that Yoav Har-Even qualifies as an independent director under Nasdaq listing rules. As a non-employee director, he will receive compensation under Innoviz’s established non-employee director compensation policy described in its most recent Form 20-F.
Will Innoviz Technologies (INVZ) enter into any agreement with Yoav Har-Even?
Innoviz plans to enter into an indemnification agreement with Yoav Har-Even. The form of this agreement is the same as that filed as Exhibit 4.1 to Innoviz’s Annual Report on Form 20-F for the year ended December 31, 2025, filed in March 2026.