Lifeward Ltd. (LFWD): CFO Ronen Tsimerman appointed

Events in this filing

Item 5.02 as filed

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Chief Financial Officer
On October 26, 2026, the Board of Directors (the
“Board”) of Lifeward Ltd. (the “Company”) appointed Ronen Tsimerman, age 56, as the Company’s Chief Financial
Officer, principal financial officer and principal accounting officer, effective November 1, 2026.
Mr. Tsimerman is an experienced global finance
executive who most recently served as chief financial officer of Scopio Labs Ltd. from August through October 2026. Previously, he served
as chief financial officer of IceCure Medical Ltd (Nasdaq: ICCM) from May 2017 to August 2026 and as its chief operating officer
from May 2018 to November 2025. He served as chief financial officer of Insuline Medical Ltd. (TASE: INSL) from May 2015 to May 2017,
as chief financial officer of Mer-Group Broadband division (TASE: CMER) from 2005 to 2013, and as vice president of finance of Mer-Group
Telecom Division from 2013 to 2014. Mr. Tsimerman received a bachelor’s degree in business and MBA from the College of Management,
in Israel.
In connection with Mr. Tsimerman’s appointment,
the Company and Mr. Tsimerman will enter into an employment agreement, subject to the approval of the Company’s shareholders of
the Company’s renewed compensation policy in its upcoming annual general meeting to be held on October 30, 2026 (the “Renewed
Compensation Policy” and “CFO Employment Agreement,” respectively), providing for a gross monthly base salary of NIS
70,000, an annual performance-based bonus as will be determined each year by the compensation committee and the Board, with a target amount
of not less than four monthly salaries and a transaction bonus. The bonuses are subject to the terms of the Renewed Company’s Compensation
Policy and any required approvals.
The CFO Employment Agreement provides for a 3-month
notice period for termination, increasing to four months for either party following any change in the Company’s Chief Executive
Officer, including the appointment of a permanent Chief Executive Officer.
In connection with his appointment, the Company
also entered into its standard indemnification, insurance and exculpation agreement with Mr. Tsimerman.
Mr. Tsimerman does not have any family relationship
with any director or executive officer of the Company. Except for Mr. Tsimerman’s compensation arrangements with the Company described
herein, there are no arrangements or understandings between Mr. Tsimerman and any other person pursuant to which Mr. Tsimerman was appointed
as Chief Financial Officer, and there are no transactions in which Mr. Tsimerman has an interest requiring disclosure under Item 404(a)
of Regulation S-K.