Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 37

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 4
Chunk 37
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1, 2025, we have
13 senior management positions, which includes our Chief Executive Officer and those who report to our Chief Executive Officer, which
consists of six reporting managers to the CEO from affiliates of Gauzy Ltd. and six reporting managers to the CEO from Gauzy Ltd., all
of whom are engaged on a full-time basis. As of March 1, 2025, we had 708 employees in full-or part-time capacities. Our employees are
located in Israel, France, the United States, Germany, China, Colombia, Spain, the Netherlands, Poland, Singapore, South Korea, the UAE
and Canada.

None of Gauzy Ltd.’s
employees are represented by labor unions or covered by collective bargaining agreements. Approximately 42% of Vision Systems employees
participate in local union elections and 100% are covered by collective bargaining agreements. We believe that we maintain good relations
with all our employees, but we do have an anonymous reporting system setup for employees to confidentially report concerns.

All of our employment agreements
include customary provisions with respect to non-competition, assignment to us of intellectual property rights developed in the course
of employment and confidentiality. Our consulting agreements with our representatives and our partners include provisions with respect
to assignment to us of intellectual property rights developed in the course of their engagement as well as confidentiality. The enforceability
of such provisions may be limited under applicable law.

Legal Proceedings

In September 2017, we entered
into a license agreement with RFI for certain technologies regarding the use of information and patents relating to its Light Valve Film,
SPD Emulsions and Light Valve technology. See “Item 4. B. - Business Overview - Intellectual Property - Gauzy/RFI
License Agreement.” In October 2020, GGT filed a lawsuit in the U. S. District Court - Middle District of Florida against
us, our subsidiary Vision Systems and RFI, alleging breach of contract, inducement of patent infringement, and patent infringement related
to the patented technologies we license from RFI. The only claim relevant to us is the patent infringement claim. GGT seeks declaratory
relief, injunctive relief and damages for royalty payments. We are currently a party to this litigation, and we do not collect royalties
on these licenses. On November 30, 2021, our motion to dismiss GGT’s first amended complaint was granted with leave for plaintiffs
to amend. On September 27