Actelis Networks Inc. filed SEC Form 8-K: Financial Statements and Exhibits
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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.
Appointment of Director
Effective as of February 12, 2025, the board of directors (the “Board”) of Actelis Networks, Inc. (the “Company”) appointed Ms. Julie Kunstler as a Class I director of the Company until the Company’s 2026 annual shareholders meeting, and as a member of each of the audit and compensation committees of the Company’s Board. The Board has determined that Ms. Kunstler is “independent” under applicable Nasdaq listing standards and applicable SEC rules. No family relationship exists between Ms. Kunstler and any of the Company’s directors or executive officers. There are no arrangements or understandings between Ms. Kunstler and any other person pursuant to which Ms. Kunstler was selected as a director of the Company, nor are there any transactions to which the Company is or was a participant and in which Ms. Kunstler had or will have a direct or indirect material interest subject to disclosure under Item 404(a) of Regulation S-K.
Julie Kunstler, age 69, is a seasoned professional with broad experience in the communications components, equipment, and software industry, having served as an executive, venture-fund investor, analyst, and board member. Since April 2024, Ms. Kunstler has been serving as an External Non-Executive Director for Ethernity Networks, a company traded on the London Stock Exchange. Previously, between November 2010 and April 2024, Ms. Kunstler worked at Omdia (a division of InformaTech), lastly holding the position of Chief Analyst for the Broadband Access Intelligence Service, covering the fixed broadband access industry ecosystem. Prior to her role at Omdia, between 2006 and 2010, Ms. Kunstler was the Vice President of Business Development at Teknovus, a venture-backed startup specializing in Passive Optical Network (PON) chip technology. Ms. Kunstler holds a Bachelor's degree from University of Cincinnati and an MBA degree from University of Chicago.
For her services as an independent director of the Company, Ms. Kunstler is entitled to an annual cash retainer of $10,000 for her service on our board of directors and an annual cash retainer of $2,000 for her service on a committee of our board of directors.
On February 13, 2025, the Company issued a press release announcing Ms. Kunstler’s appointment to the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Exhibit Description | |
| 99.1 | Press Release, dated February 13, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
| ACTELIS NETWORKS, INC. | ||
| Dated: February 13, 2025 | By: | /s/ Tuvia Barlev |
| Name: | Tuvia Barlev | |
| Title: | Chief Executive Officer | |
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