UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 28, 2026, the Board of Directors (the “Board”) of Navitas Semiconductor Corporation (the “Company”) appointed Davin D. Lee to serve as a Class III director of the Board, effective April 30, 2026, to hold office until the expiration of his term at the Company’s 2027 annual meeting of stockholders.
In connection with his appointment to the Board, Mr. Lee was also appointed to serve as a member of the Compensation Committee and the Governance and Sustainability Committee of the Board.
Mr. Lee will participate in the Company’s standard non-employee director compensation arrangements. Under the terms of those arrangements, he will receive a pro-rata portion of each of an annual retainer of $45,000 for his service on the Board, $7,500 for his service on the Compensation Committee of the Board, $5,000 for his service on the Governance and Sustainability Committee of the Board, and an initial grant of 22,048 restricted stock units that vest in full immediately prior to the director election at the subsequent annual stockholders meeting, subject to his continued service on the Board at that time.
There are no arrangements or understandings between Mr. Lee and any other person pursuant to which Mr. Lee was selected as a director. Mr. Lee is not a party to any transaction requiring disclosure under Item 404(a) of Regulation S-K.
| Item 7.01. | Regulation FD Disclosure. |
On May 4, 2026, the Company issued a press release announcing the appointment of Mr. Lee. A copy of the press release is attached hereto as Exhibit 99.1.
The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number |
Description |
| 99.1 | Press release, dated May 4, 2026 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NAVITAS SEMICONDUCTOR CORPORATION | ||
| Dated: May 4, 2026 | ||
| By: | /s/ Chris Allexandre | |
| Chris Allexandre | ||
| President and Chief Executive Officer | ||