|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/28/24 Kornit Digital Ltd. 20-F 12/31/23 104:9.9M EdgarAgents LLC/FA |
Document/Exhibit Description Pages Size
1: 20-F Annual Report HTML 2.27M
2: EX-2.2 Description of Ordinary Shares of Kornit Digital HTML 59K
Ltd
3: EX-8.1 List of Subsidiaries of the Registrant HTML 31K
6: EX-13.1 Annual or Quarterly Report to Security Holders HTML 30K
8: EX-97.1 Policy for the Recovery of Erroneously Awarded HTML 46K
Compensation
4: EX-12.1 Statement re: the Computation of Ratios HTML 33K
5: EX-12.2 Statement re: the Computation of Ratios HTML 33K
7: EX-15.1 Consent of Kost Forer Gabbay & Kasierer, A Member HTML 28K
Firm of Ernst & Young Global, An Independent
Registered Public Accounting Firm
14: R1 Document And Entity Information HTML 102K
15: R2 Consolidated Balance Sheets HTML 156K
16: R3 Consolidated Balance Sheets (Parentheticals) HTML 44K
17: R4 Consolidated Statements of Operations HTML 107K
18: R5 Consolidated Statements of Comprehensive Income HTML 70K
(Loss)
19: R6 Statements of Shareholders' Equity HTML 88K
20: R7 Statements of Shareholders' Equity HTML 30K
(Parentheticals)
21: R8 Consolidated Statements of Cash Flows HTML 147K
22: R9 General HTML 34K
23: R10 Significant Accounting Policies HTML 144K
24: R11 Tesoma Gmbh Acquisition HTML 43K
25: R12 Marketable Securities HTML 71K
26: R13 Fair Value Measurements HTML 48K
27: R14 Inventories, Net HTML 34K
28: R15 Property, Plant and Equipment, Net HTML 39K
29: R16 Intangible Assets, Net HTML 47K
30: R17 Accrued Expenses and Current Liabilities HTML 34K
31: R18 Commitments and Contingent Liabilities HTML 37K
32: R19 Shareholders' Equity HTML 63K
33: R20 Earnings (Losses) Per Share HTML 41K
34: R21 Accumulated Other Comprehensive Income (Loss) HTML 40K
35: R22 Leases HTML 42K
36: R23 Taxes on Income HTML 99K
37: R24 Geographic Information HTML 46K
38: R25 Financial Income, Net HTML 44K
39: R26 Balances and Transactions with Related Parties HTML 38K
40: R27 Accounting Policies, by Policy (Policies) HTML 205K
41: R28 Significant Accounting Policies (Tables) HTML 91K
42: R29 Tesoma Gmbh Acquisition (Tables) HTML 39K
43: R30 Marketable Securities (Tables) HTML 71K
44: R31 Fair Value Measurements (Tables) HTML 46K
45: R32 Inventories, Net (Tables) HTML 35K
46: R33 Property, Plant and Equipment, Net (Tables) HTML 37K
47: R34 Intangible Assets, Net (Tables) HTML 48K
48: R35 Accrued Expenses and Current Liabilities (Tables) HTML 34K
49: R36 Shareholders' Equity (Tables) HTML 52K
50: R37 Earnings (Losses) Per Share (Tables) HTML 40K
51: R38 Accumulated Other Comprehensive Income (Loss) HTML 39K
(Tables)
52: R39 Leases (Tables) HTML 41K
53: R40 Taxes on Income (Tables) HTML 85K
54: R41 Geographic Information (Tables) HTML 43K
55: R42 Financial Income, Net (Tables) HTML 43K
56: R43 Significant Accounting Policies (Details) HTML 105K
57: R44 Significant Accounting Policies (Details) - HTML 47K
Schedule of Property and Equipment on
Straight-Line Basis Over Useful Life of Assets
58: R45 Significant Accounting Policies (Details) - HTML 48K
Schedule of Revenue Disaggregated by Revenue
59: R46 Significant Accounting Policies (Details) - HTML 47K
Schedule of Revenue Disaggregated by Geography
Based on Customer Location
60: R47 Significant Accounting Policies (Details) - HTML 37K
Schedule of Remaining Performance Obligations
61: R48 Significant Accounting Policies (Details) - HTML 36K
Schedule of Changes in Liability for Product
Warranty
62: R49 Significant Accounting Policies (Details) - HTML 45K
Schedule of Fair Value Method for Stock Options
Awards
63: R50 Significant Accounting Policies (Details) - HTML 36K
Schedule of Notional Amounts of Outstanding
Derivative Positions
64: R51 Significant Accounting Policies (Details) - HTML 42K
Schedule of Expense (Income) from Derivatives
Instruments
65: R52 Significant Accounting Policies (Details) - HTML 68K
Schedule of Restructuring Charges
66: R53 Tesoma Gmbh Acquisition (Details) HTML 34K
67: R54 Tesoma Gmbh Acquisition (Details) - Schedule of HTML 93K
Purchase Price Allocation
68: R55 Marketable Securities (Details) - Schedule of HTML 59K
Marketable Securities
69: R56 Marketable Securities (Details) - Schedule of HTML 54K
Investments with Continuous Unrealized Losses
70: R57 Fair Value Measurements (Details) - Schedule of HTML 56K
Assets and Liabilities that were measured at Fair
Value
71: R58 Inventories, Net (Details) HTML 31K
72: R59 Inventories, Net (Details) - Schedule of HTML 36K
Inventories
73: R60 Property, Plant and Equipment, Net (Details) HTML 34K
74: R61 Property, Plant and Equipment, Net (Details) - HTML 48K
Schedule of Property, Plant and Equipment
75: R62 Intangible Assets, Net (Details) HTML 32K
76: R63 Intangible Assets, Net (Details) - Schedule of HTML 58K
Intangible Assets
77: R64 Intangible Assets, Net (Details) - Schedule of HTML 42K
Future Amortization Expenses
78: R65 Accrued Expenses and Current Liabilities (Details) HTML 39K
- Schedule of Accrued Expenses and Current
Liabilities
79: R66 Commitments and Contingent Liabilities (Details) HTML 34K
80: R67 Shareholders' Equity (Details) HTML 101K
81: R68 Shareholders' Equity (Details) - Schedule of Share HTML 69K
Option Activity
82: R69 Shareholders' Equity (Details) - Schedule of RSU?s HTML 40K
Activity
83: R70 Shareholders' Equity (Details) - Schedule of Share HTML 52K
Based Compensation Expense
84: R71 Earnings (Losses) Per Share (Details) - Schedule HTML 66K
of Basic and Diluted Earnings (Losses) Per Share
85: R72 Accumulated Other Comprehensive Income (Loss) HTML 60K
(Details) - Schedule of Accumulated Balances Other
Comprehensive Income (Loss)
86: R73 Leases (Details) HTML 46K
87: R74 Leases (Details) - Schedule of Lease Expense HTML 35K
88: R75 Leases (Details) - Schedule of Maturities of HTML 48K
Operating Lease Liabilities
89: R76 Taxes on Income (Details) HTML 86K
90: R77 Taxes on Income (Details) - Schedule of Deferred HTML 59K
Tax Liabilities and Assets
91: R78 Taxes on Income (Details) - Schedule of Income HTML 39K
(Loss) Before Income Taxes
92: R79 Taxes on Income (Details) - Schedule of Taxes on HTML 58K
Income (Tax Benefits)
93: R80 Taxes on Income (Details) - Schedule of HTML 39K
Unrecognized Tax Benefits
94: R81 Taxes on Income (Details) - Schedule of Effective HTML 58K
Income Tax Rate Reconciliation
95: R82 Geographic Information (Details) HTML 35K
96: R83 Geographic Information (Details) - Schedule of HTML 39K
Long-Lived Assets by Geographic Region
97: R84 Geographic Information (Details) - Schedule of HTML 44K
Major Customers? Data as A Percentage
98: R85 Financial Income, Net (Details) - Schedule of HTML 56K
Financial Income, Net
99: R86 Balances and Transactions with Related Parties HTML 47K
(Details)
101: XML IDEA XML File -- Filing Summary XML 197K
104: XML XBRL Instance -- ea0201862-20f_kornit_htm XML 1.93M
100: EXCEL IDEA Workbook of Financial Report Info XLSX 189K
10: EX-101.CAL XBRL Calculations -- krnt-20231231_cal XML 217K
11: EX-101.DEF XBRL Definitions -- krnt-20231231_def XML 1.04M
12: EX-101.LAB XBRL Labels -- krnt-20231231_lab XML 2.17M
13: EX-101.PRE XBRL Presentations -- krnt-20231231_pre XML 1.03M
9: EX-101.SCH XBRL Schema -- krnt-20231231 XSD 301K
102: JSON XBRL Instance as JSON Data -- MetaLinks 589± 870K
103: ZIP XBRL Zipped Folder -- 0001213900-24-027207-xbrl Zip 632K
Exhibit 97.1
KORNIT DIGITAL LTD.
POLICY FOR RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION
Kornit Digital Ltd. (the “Company”) has adopted this Policy for Recovery of Erroneously Awarded Compensation (the “Policy”), effective as of October 2, 2023 (the “Effective Date”). Capitalized terms used in this Policy that are not otherwise defined herein shall have the respective meanings assigned thereto in Section 11.
| 1. | Persons Subject to Policy |
This Policy shall apply to and be binding and enforceable upon current and former Officers. In addition, the Committee and the Board may apply this Policy to persons who are not Officers, and such application shall apply in the manner determined by the Committee and the Board in their sole discretion.
| 2. | Compensation Subject to Policy |
This Policy shall apply to Incentive-Based Compensation received on or after the Effective Date. For purposes of this Policy, the date on which Incentive-Based Compensation is “received” shall be determined under the Applicable Rules, which generally provide that Incentive-Based Compensation is “received” in the Company’s fiscal period during which the relevant Financial Reporting Measure is attained or satisfied, without regard to whether the grant, vesting or payment of the Incentive-Based Compensation occurs after the end of that period.
| 3. | Recovery of Compensation |
In the event that the Company is required to prepare a Restatement, the Company shall recover, reasonably promptly and in accordance with Section 4 below, the portion of any Incentive-Based Compensation that is Erroneously Awarded Compensation, unless the Committee and the Board have determined that recovery from the relevant current or former Officer would be Impracticable. Recovery shall be required in accordance with the preceding sentence regardless of whether the applicable Officer engaged in misconduct or otherwise caused or contributed to the requirement for the Restatement and regardless of whether or when restated financial statements are filed by the Company. For clarity, the recovery of Erroneously Awarded Compensation under this Policy will not give rise to any Officer’s right to voluntarily terminate employment for “good reason” or due to a “constructive termination” (or any similar term of like effect) under any plan, program or policy of or agreement with the Company or any of its affiliates.
| 4. | Manner of Recovery; Limitation on Duplicative Recovery |
The Committee and the Board shall, in their sole discretion, determine the manner of recovery of any Erroneously Awarded Compensation, which may include, without limitation, reduction or cancellation by the Company or an affiliate of the Company of Incentive-Based Compensation or Erroneously Awarded Compensation, reimbursement or repayment by any person subject to this Policy, and, to the extent permitted by law, an offset of the Erroneously Awarded Compensation against other compensation payable by the Company or an affiliate of the Company to such person. Notwithstanding the foregoing, unless otherwise prohibited by the Applicable Rules, to the extent this Policy provides for recovery of Erroneously Awarded Compensation already recovered by the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 or Other Recovery Arrangements, the amount of Erroneously Awarded Compensation already recovered by the Company from the recipient of such Erroneously Awarded Compensation may be credited to the amount of Erroneously Awarded Compensation required to be recovered pursuant to this Policy from such person.
| 5. | Administration |
This Policy shall be administered, interpreted and construed by the Committee, which is authorized to make all determinations necessary, appropriate or advisable for such purpose. The Board may re-vest in itself the authority to administer, interpret and construe this Policy in accordance with applicable law, and in such event references herein to the “Committee” shall be deemed to be references to the Board. Subject to any permitted review by the applicable national securities exchange or association pursuant to the Applicable Rules, all determinations and decisions made by the Committee pursuant to the provisions of this Policy shall be final, conclusive and binding on all persons, including the Company and its affiliates, shareholders and employees. The Committee may delegate administrative duties with respect to this Policy to one or more directors or employees of the Company, as permitted under applicable law, including any Applicable Rules.
| 6. | Interpretation |
This Policy shall be interpreted and applied in a manner that is consistent with the requirements of the Applicable Rules, and to the extent this Policy is inconsistent with such Applicable Rules, it shall be deemed amended to the minimum extent necessary to ensure compliance therewith.
| 7. | No Indemnification; No Liability |
The Company shall not indemnify or insure any person against the loss of any Erroneously Awarded Compensation pursuant to this Policy, nor shall the Company directly or indirectly pay or reimburse any person for any premiums for third-party insurance policies that such person may elect to purchase to fund such person’s potential obligations under this Policy. None of the Company, an affiliate of the Company or any member of the Committee or the Board shall have any liability to any person as a result of actions taken under this Policy.
| 8. | Application; Enforceability |
Except as otherwise determined by the Committee or the Board, the adoption of this Policy does not limit, and is intended to apply in addition to, any Other Recovery Arrangements. Without limiting the foregoing, in the event of a conflict between this Policy and the Compensation Policy, the latter shall prevail, except with respect to the recovery of any portion of Incentive-Based Compensation that is Erroneously Awarded Compensation that would not be recoverable under the Compensation Policy, in which case this Policy shall prevail. Subject to Section 4, the remedy specified in this Policy shall not be exclusive and shall be in addition to every other right or remedy at law or in equity that may be available to the Company or an affiliate of the Company or is otherwise required by applicable law and regulations.
| 9. | Severability |
The provisions in this Policy are intended to be applied to the fullest extent of the law; provided, however, to the extent that any provision of this Policy is found to be unenforceable or invalid under any applicable law, such provision will be applied to the maximum extent permitted, and shall automatically be deemed amended in a manner consistent with its objectives to the extent necessary to conform to any limitations required under applicable law.
| 10. | Amendment and Termination |
The Board or the Committee may amend, modify or terminate this Policy in whole or in part at any time and from time to time in its sole discretion. This Policy will terminate automatically when the Company does not have a class of securities listed on a national securities exchange or association in the U.S.
| 11. | Definitions |
“Applicable Rules” means Section 10D of the Exchange Act, Rule 10D-1 promulgated thereunder, the listing rules of the national securities exchange or association on which the Company’s securities are listed, and any applicable rules, standards or other guidance adopted by the Securities and Exchange Commission or any national securities exchange or association on which the Company’s securities are listed.
“Board” means the Board of Directors of the Company.
“Compensation Policy” means the Company’s compensation policy for executive officers and directors, as adopted in accordance with the Israeli Companies Law 5759-1999 and as in effect from time to time.
“Committee” means the Compensation Committee of the Board or, in the absence of such a committee, a majority of the independent directors serving on the Board.
“Erroneously Awarded Compensation” means the amount of Incentive-Based Compensation received by a current or former Officer that exceeds the amount of Incentive-Based Compensation that would have been received by such current or former Officer based on a restated Financial Reporting Measure, as determined on a pre-tax basis in accordance with the Applicable Rules.
“Exchange Act” means the Securities Exchange Act of 1934, as amended.
2
“Financial Reporting Measure” means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as share price and total shareholder return.
“GAAP” means United States generally accepted accounting principles.
“IFRS” means international financial reporting standards as adopted by the International Accounting Standards Board.
“Impracticable” means (a) the direct expense paid to third parties to assist in enforcing recovery would exceed the Erroneously Awarded Compensation; provided that the Company has (i) made reasonable attempt(s) to recover the Erroneously Awarded Compensation, (ii) documented such reasonable attempt(s) and (iii) provided such documentation to the relevant listing exchange or association, (b) the recovery would violate the Company’s home country laws adopted prior to November 28, 2022 pursuant to an opinion of home country counsel; provided that the Company has (i) obtained an opinion of home country counsel, acceptable to the relevant listing exchange or association, that recovery would result in such a violation and (ii) provided such opinion to the relevant listing exchange or association, or (c) recovery would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly available to employees of the Company, to fail to meet the requirements of 26 U.S.C. 401(a)(13) or 26 U.S.C. 411(a) and the regulations thereunder.
“Incentive-Based Compensation” means, with respect to a Restatement, any compensation that is granted, earned, or vested based wholly or in part upon the attainment of one or more Financial Reporting Measures and received by a person: (a) after such person began service as an Officer; (b) who served as an Officer at any time during the performance period for that compensation; (c) while the Company has a class of securities listed on a national securities exchange or association; and (d) during the applicable Three-Year Period.
“Officer” means each person who the Company determines serves as a Company officer, as defined in Section 16 of the Securities Exchange Act of 1934, as amended, as well as any additional Company officers who are considered “office holders” (other than in their roles as directors) under the Israeli Companies Law 5759-1999 (the “Companies Law”) and are designated by the Committee and the Board “Officers” for purposes hereof.
“Other Recovery Arrangements” means any clawback, recoupment, forfeiture or similar policies or provisions of the Company or its affiliates, including any such policies or provisions of such effect contained in any employment agreement, bonus plan, incentive plan, equity-based plan or award agreement thereunder or similar plan, program or agreement of the Company or an affiliate or required under applicable law (including, without limitation, the Compensation Policy).
“Restatement” means an accounting restatement to correct the Company’s material noncompliance with any financial reporting requirement under securities laws, including a restatement that corrects an error in previously issued financial statements (a) that is material to the previously issued financial statements or (b) that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period.
“Three-Year Period” means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.
3
ACKNOWLEDGMENT OF AND CONSENT TO
KORNIT DIGITAL LTD. POLICY FOR RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION
The undersigned has received a copy of the Policy for Recovery of Erroneously Awarded Compensation (the “Policy”) adopted by Kornit Digital Ltd. (the “Company”), and has read and understands the Policy. Capitalized terms used in this Acknowledgment that are not otherwise defined herein shall have the respective meanings ascribed to such terms in the Policy.
As a condition of receiving Incentive-Based Compensation from the Company, the undersigned agrees that any Incentive-Based Compensation received on or after the Effective Date is subject to recovery pursuant to the terms of the Policy. To the extent the Company’s recovery right conflicts with any other contractual rights the undersigned may have with the Company, the undersigned understands that the terms of the Policy shall supersede any such contractual rights. The terms of the Policy shall apply in addition to any right of recoupment against the undersigned under the Compensation Policy or applicable law and regulations.
| ___________________ | |
| Date | Signature |
| Name | |
| Title |
4
| This ‘20-F’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 3/28/24 | None on these Dates | ||
| For Period end: | 12/31/23 | |||
| 10/2/23 | ||||
| 11/28/22 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/12/21 Kornit Digital Ltd. 6-K 8/12/21 2:242K EdgarAgents LLC/FA 3/25/21 Kornit Digital Ltd. 20-F 12/31/20 107:9.9M EdgarAgents LLC/FA 9/14/20 Kornit Digital Ltd. 6-K 9/14/20 4:512K EdgarAgents LLC/FA 7/02/20 Kornit Digital Ltd. 6-K 7/02/20 4:747K EdgarAgents LLC/FA 3/23/20 Kornit Digital Ltd. 20-F 12/31/19 109:9.4M EdgarAgents LLC/FA 3/20/18 Kornit Digital Ltd. 20-F 12/31/17 96:9.4M EdgarAgents LLC/FA 3/30/17 Kornit Digital Ltd. 20-F 12/31/16 98:9.6M EdgarAgents LLC/FA 4/14/16 Kornit Digital Ltd. 20-F/A 12/31/15 86:5.6M EdgarAgents LLC/FA 3/18/15 Kornit Digital Ltd. F-1/A 10:7.8M S2 Filings LLC/FA 3/10/15 Kornit Digital Ltd. F-1/A 15:4.4M S2 Filings LLC/FA 2/25/15 Kornit Digital Ltd. F-1 25:8.1M S2 Filings LLC/FA |