UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date
of
Report (Date of earliest event reported)
August
18, 2005
CEVA,
INC.
(Exact
name of registrant as specified in its charter)
|
State
of Delaware
|
000-49842
|
77-0556376
|
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
2033
Gateway Place, Suite 150
San
Jose, CA 95110
(Address
of principal executive offices, including zip code)
(408)
514-2900
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section
1 - Registrant’s Business and Operations
Item 1.01
Entry into a Material Definitive Agreement.
On
August
18, 2005, Ceva, Inc. (the “Registrant”) entered into an employment agreement
(the “Employment Agreement,” or “Agreement”) with its current chief financial
officer, Yaniv Arieli. The Agreement provides that Mr. Arieli shall continue
to
serve as the Registrant’s chief financial officer and shall receive an annual
salary of $126,000. The Agreement further provides that Mr. Arieli shall
receive
an additional annual overtime payment of $14,000, as well as certain other
vacation and sick leave benefits. In addition, the Agreement provides that
upon
the termination of his employment with the Registrant, Mr. Arieli will be
entitled to severance benefits in accordance with the laws of the State of
Israel. The Employment Agreement is effective as of August 1, 2005, and shall
continue in effect until terminated in accordance with its terms. The Agreement
may be terminated by either party at any time and for any reason with six
(6)
months prior written notice.
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.
| |
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CEVA,
INC.
|
| |
|
|
| |
By:
|
/S/
Yaniv Arieli
|
|
| |
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Yaniv
Arieli
Chief
Financial Officer
|
Date:
August
25, 2005