ReWalk Robotics Announces Planned Changes to Board of Directors
28 Julho 2023 - 5:15PM
ReWalk Robotics Ltd. (Nasdaq: RWLK) (“ReWalk” or the “Company”), a
leading provider of innovative technologies that enable mobility
and wellness in rehabilitation and daily life for individuals with
neurological conditions, today announced that two members of the
Board of Directors (the “Board”), Arik Dan and Wayne Weisman, have
indicated that they do not plan to seek re-election when their
terms expire at the next Annual Meeting of
Shareholders. The Company does not expect to nominate
any replacement candidates, and these retirements consequently will
reduce the size of the Board from ten to eight directors.
“With these retirements and our decision not to nominate
replacement directors, we are fulfilling our commitment to
shareholders to shrink the Board while maintaining the right mix of
essential skills and experience necessary to oversee the Company’s
strategy and drive value creation,” said Jeff Dykan, Chairman of
the Board of ReWalk. “As always, we will continue to evaluate the
Board’s composition and ensure that we have appropriate and
effective governance in place.”
“Arik and Wayne have made valuable contributions to ReWalk
during their decade-plus tenures,” continued Mr. Dykan. “During
that time, we have overcome many obstacles in our path to working
towards commercial success for our exoskeleton product, and both
Arik and Wayne played integral roles during this challenging
journey. We appreciate their perspectives and efforts, and I
personally thank them for their service.”
About ReWalk Robotics Ltd.ReWalk Robotics Ltd.
is a medical device company that designs, develops, and
commercializes innovative technologies that enable mobility and
wellness in rehabilitation and daily life for individuals with
neurological conditions. ReWalk’s mission is to fundamentally
change the quality of life for these individuals through the
creation and development of market leading technologies. Founded in
2001, ReWalk has operations in the United States, Israel, and
Germany. For more information on the ReWalk systems, please visit
rewalk.com.
ReWalk® and ReStore® are registered trademarks of ReWalk
Robotics Ltd. in the United States and other
jurisdictions. Forward-Looking
StatementsIn addition to historical information, this
press release contains forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform
Act of 1995, Section 27A of the U.S. Securities Act of
1933, as amended, and Section 21E of the U.S. Securities
Exchange Act of 1934, as amended. Such forward-looking statements
may include projections regarding ReWalk's future performance and
other statements that are not statements of historical fact and, in
some cases, may be identified by words like "anticipate," "assume,"
"believe," "continue," "could," "estimate," "expect," "intend,"
"may," "plan," "potential," "predict," "project," "future," "will,"
"should," "would," "seek" and similar terms or phrases. The
forward-looking statements contained in this press release are
based on management's current expectations, which are subject to
uncertainty, risks and changes in circumstances that are difficult
to predict and many of which are outside of ReWalk's control.
Important factors that could cause ReWalk's actual results to
differ materially from those indicated in the forward-looking
statements are more fully discussed in ReWalk’s periodic filings
with the Securities and Exchange Commission (“SEC”),
including the risk factors described under the heading "Risk
Factors" in ReWalk's annual report on Form 10-K and 10-K/A for the
year ended December 31, 2022 filed with
the SEC and other documents subsequently filed with or
furnished to the SEC. Any forward-looking statement made in
this press release speaks only as of the date hereof. Factors or
events that could cause ReWalk's actual results to differ from the
statements contained herein may emerge from time to time, and it is
not possible for ReWalk to predict all of them. Except as required
by law, ReWalk undertakes no obligation to publicly update any
forward-looking statements, whether as a result of new information,
future developments or otherwise.
ReWalk Media Relations:John TomlinE: media@rewalk.com ReWalk
Investor Contact:Michael LawlessChief Financial OfficerReWalk
Robotics Ltd.E: investorrelations@rewalk.com
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