Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 24, 2023, the Compensation Committee (the "Compensation Committee") of the Board of Directors (the "Board") of Enovix Corporation (the "Company") appointed Gregory Reichow, an existing member of the Compensation Committee, as the chairperson of the Compensation Committee. In connection with his appointment as the chairperson of the Compensation Committee, and in accordance with the Company's Non-Employee Director Compensation Policy, as may be amended from time to time (the "Non-Employee Director Compensation Policy"), Mr. Reichow will receive an annual cash retainer of $10,000, paid quarterly in arrears.

Additionally, on January 25, 2023, the Audit Committee (the "Audit Committee") of the Board appointed Mr. Reichow as a member of the Audit Committee. In connection with his appointment to the Audit Committee, and in accordance with the Non-Employee Director Compensation Policy, Mr. Reichow will receive an annual cash retainer of $7,500, paid quarterly in arrears.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses