Part from...FORM 6-K
CFO Resignation
On January 26, 2026, Gauzy Ltd (the “Company”), announced that Meir Peleg, Gauzy’s Chief Financial Officer, has notified the Company of his decision to resign from his position. Mr. Peleg has agreed to remain in his role as Chief Financial Officer until no later than April 10, 2026, to assist in stabilizing the Company and to ensure a smooth transition to the Interim CFO. Dan Oshri, Gauzy’s current Executive Vice President of Finance, previously Finance Manager at Chevron Mediterranean Ltd. (Formerly Noble Energy Mediterranean Ltd.), has been appointed Interim Chief Financial Officer at Gauzy, effective upon Mr. Peleg’s departure.
Director Resignations
On January 26, 2026, the Company announced the resignations of each of Lilach Payorski and Alexander Babitsky from the Company’s Board of Directors (the “Board”) and all committees thereof, effective immediately.
As a result of the resignations of Ms. Payorski and Mr. Babitsky, the Board is not currently in compliance with Nasdaq Listing Rules 5605(b)(1), 5605(c)(2) and 5605(d)(2), which requires Nasdaq listed companies to (i) maintain a board comprised of a majority of independent directors, (ii) maintain an audit committee consisting of at least three independent directors and (iii) maintain a compensation committee composed of at least two independent directors.
The Company intends to appoint additional skilled and experienced independent directors to its Board and each of the relevant committees as soon as practicable in order to regain compliance with the relevant Nasdaq rules. However, there is no assurance that the Company will be able to find qualified candidates to join its Board in the necessary timeframe to regain Nasdaq compliance. Failure to regain compliance with Nasdaq rules could result in Nasdaq initiating delisting proceedings against the Company. |
