Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 83

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 6
Chunk 83
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. domestic issuers, including the requirement to disclose on an individual, rather than an aggregate basis, the compensation of our directors and executive officers. However, regulations promulgated under the Companies Law require that we disclose the annual compensation of our five most highly compensated office holders, as such term is defined in the Companies Law, or the Covered Officers, for the relevant fiscal year, on an individual basis. Under such Companies Law regulations, this disclosure is required to be included in the proxy statement for our annual meeting of shareholders each year, which we will furnish to the SEC under cover of a Report of Foreign Private Issuer on Form 6-K. Because of that disclosure requirement under Israeli law, we are also including such information in this Annual Report, pursuant to the disclosure requirements of Form 20-F.

The following is a summary of the compensation of our Covered Officers for, and with respect to, the year ended December 31, 2024. All amounts are in terms of cost to us as recorded in our consolidated financial statements for the year ended December 31, 2024, and are presented below in U.S. dollar amounts in thousands. U.S. dollar amounts indicated for Salary Costs are based on the exchange rate of $3.699 to NIS 1.00, which represents the average weighted U.S. dollar - NIS exchange rate for the date of payments for each of the months during 2024. For the purposes of converting amounts from the Euro to the U.S. dollar, the average weighted EUR/USD exchange rate of € 1.082 to $1.00.

●                                               Eyal                                            
    Peso, our Chief Executive Officer. Compensation costs recorded in 2024 of $438,000 in salary
                                             expenses.                                          
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●                                               Adrian                                            
    Lofer, our Chief Technology Officer. Compensation costs recorded in 2024 of $216,000 in salary
                                              expenses.                                           
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●                                                Meir                                            
    Peleg, our Chief Financial Officer. Compensation costs recorded in 2024 of $249,000 in salary
                                              expenses.                                          
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●                                               Benjamin                                           
    Lepin, our EVP Gauzy Safety Tech Business Unit. Compensation costs recorded in 2024 of $140,000
                                          in salary expenses.                                      
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●   David Le Berre our EVP Gauzy Safety Tech ADAS Competence Center. Compensation costs recorded in 2024 of $143,000 in salary expenses.
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