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Posted 09 June, 2023

Ondas Holdings Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:ONDS in a 8-K filed on 09 June, 2023.


  On June 9, 2023, the Board of Directors of Ondas Holdings Inc. (the "Company") appointed Eric Brock, the Company's Chairman and Chief Executive Officer, President of the Company, effective June 9, 2023.  

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Overview of Ondas Holdings Inc.
Retail/Wholesale • Specialty Retail
Ondas Holdings, Inc. engages in the development, marketing, and sale of wireless radio systems for secure, wide area mission-critical business-to-business networks. It operates through the Ondas Networks and Ondas Autonomous Systems segments. The Ondas Networks segment provides wireless connectivity solutions enabling mission-critical Industrial Internet applications and services. The Ondas Autonomous Systems segment designs, develops, and markets commercial drone solutions via the Optimus System and Scout System. The company was founded in 2006 and is headquartered in Marlborough, MA.
Market Cap
$76.7M
View Company Details
Ondas Holdings Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officer; Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers.


On June 9, 2023, the Board of Directors of Ondas Holdings Inc. (the "Company") appointed Eric Brock, the Company's Chairman and Chief Executive Officer, President of the Company, effective June 9, 2023. Mr. Brock will continue to serve as Chairman and Chief Executive of the Company.


Biographical information for Mr. Brock is set forth in Part III, Item 10 of the Company's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the Securities and Exchange Commission on March 14, 2023 (the "Annual Report"), and incorporated herein by reference. Related party transactions information between the Company and Mr. Brock which would require disclosure under Item 404 of Regulation S-K is set forth in Part III Item 13 of the Annual Report and incorporated herein by reference.


On June 8, 2023, Reese Mozer resigned from his role as President of the Company, effective June 8, 2023.


In connection with Mr. Mozer's resignation, the Company and Mr. Mozer have entered into a Separation and General Release Agreement, dated June 8, 2023 (the "Release Agreement"). Pursuant to the Release Agreement, among other things, the Company waived and agreed not to enforce the non-competition covenant contained in the Employment, Non-Competition, Confidential Information and Intellectual Property Assignment Agreement, dated August 5, 2021, to the extent it restricts Mr. Mozer from engaging in the long range cargo drones business and permitted the vesting of 275,000 of the remaining 550,000 unvested restricted stock units held by Mr. Mozer pursuant to the Restricted Stock Unit Agreement, dated August 5, 2021, and includes a general release of claims by Mr. Mozer and a limited release of claims by the Company.


The foregoing description of the Release Agreement is qualified in its entirety by reference to the full text of the Release Agreement, attached as Exhibit 10.1 to this report and is incorporated herein by reference.