DUKE Robotics Corp. 8-K

What Happened
Duke Robotics Corp. announced on June 7, 2026 that its Board approved the appointment of Yiftach Kleinman as Chief Executive Officer, effective upon his commencement of employment (expected no later than September 8, 2026). Upon Mr. Kleinman’s start, current CEO Yossi Balucka will be relieved of the CEO role and will continue as the Company’s President. The company issued a press release announcing the appointment on June 11, 2026.

Key Details

• Employment terms: Gross monthly base salary of NIS 80,000 (approximately $27,600); either party may terminate with 90 days’ written notice.
• Bonus & incentives: Eligible for an annual cash bonus opportunity up to 12 monthly salaries (up to 6 months for performance + up to 6 months for significant milestones); a special 2026 bonus equal to two monthly salaries is also provided.
• Equity: Proposed option grant to purchase 53,600 shares (subject to plan and corporate approvals); six‑year option term, vests over three years (1/3 at 1 year, then quarterly over 24 months); exercise price = average closing price over prior 30 trading days; unvested options accelerate in certain change‑of‑control events.
• Background & disclosures: Mr. Kleinman (age 56) is CEO of SpearUAV since June 2023 and previously held senior roles at Rafael Advanced Defense Systems. No family relationships or reportable related‑party transactions were disclosed. The Employment Agreement includes standard confidentiality, IP assignment and non‑compete provisions.

Why It Matters
This is a material executive leadership change: a new CEO can affect strategic direction, operations, and investor expectations. Investors should note the compensation components — base salary, sizable cash bonus potential, and an equity grant — which could affect near‑term cash compensation costs and future share dilution. The filing also indicates continuity in senior management because the outgoing CEO remains President. A formal Employment Agreement and a public press release were filed with the 8‑K.