UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2019
Commission File Number 001-36903
KORNIT DIGITAL LTD.
(Translation of Registrant’s name into English)
12 Ha’Amal Street
Park Afek
Rosh Ha’Ayin 4824096 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
CONTENTS
Appointment of Strategic Consultant—Prospective Director
On April 1, 2019, Kornit Digital Ltd. (“Kornit” or the “Company”) announced that it has appointed Mr. Stephen Nigro as a strategic advisor to the Company and to its board of directors (the “Board”). The Company plans to subsequently nominate Mr. Nigro for election to the Board at Kornit’s anticipated 2019 annual general meeting of shareholders.
Mr. Nigro is a printing industry veteran who has spent over 37 years at HP working in a variety of capacities, most recently as President of 3D Printing, overseeing the global build-out and execution of that business segment. Prior to that, Mr. Nigro was Senior Vice President of Imaging and Printing, leading all of HP’s printing businesses including HP Inkjet, HP LaserJet and HP Graphics.
A copy of the press release containing the foregoing announcement is furnished as Exhibit 99.1 hereto.
The contents of this Report of Foreign Private Issuer on Form 6-K (this “Form 6-K”), including the press release appended as Exhibit 99.1, but excluding the quotes contained therein, is hereby incorporated by reference into the Company’s Registration Statements on Form F-3 (File No. 333-215404) and Form S-8 (File No.’s 333-203970, 333-214015, 333-217039, 333-223794 and 333-230567).
Forward Looking Statements
Certain statements in this Form 6-K and/or in the press release appended as Exhibit 99.1 hereto are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. These forward-looking statements include, but are not limited to, statements relating to the Company's objectives, plans and strategies, statements of preliminary or projected results of operations or of financial condition and all statements that address activities, events or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things the factors referred to under “Risk Factors” in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on March 26, 2019. Any forward-looking statements in this Form 6-K and in the related press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| KORNIT DIGITAL LTD. | ||
| Date: April 1, 2019 | By: | /s/ Guy Avidan |
| Name: | Guy Avidan | |
| Title: | Chief Financial Officer | |
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Exhibit Index
| Exhibit No. | Description | |
| 99.1 | Press release dated April 1, 2019 entitled “Industry Veteran Stephen Nigro joins the Kornit Digital Team” |
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Exhibit 99.1
Investor contact:
Michael Callahan, ICR
(203) 682-8311
Michael.Callahan@icrinc.com
Industry Veteran Stephen Nigro joins the Kornit Digital Team
Rosh-Ha`Ayin, Israel – April 1, 2019 – Kornit Digital Ltd. (NASDAQ: KRNT), a company that develops, designs and markets innovative digital printing solutions for the global printed textile industry, today announced it has appointed Stephen Nigro as a strategic advisor to the Company and Board of Directors. The Company plans to subsequently nominate Mr. Nigro for election to the Board at Kornit’s anticipated August 2019 Annual Shareholder Meeting.
Stephen Nigro is an industry veteran who has spent over 37 years at HP working in a variety of capacities, most recently as President of 3D Printing, overseeing the global build out and execution of that business segment. Prior to that, Mr. Nigro was Senior Vice President of Imaging and Printing, leading all of HP’s printing businesses including HP Inkjet, HP LaserJet and HP Graphics.
Other senior leadership positions at HP that were held in the past by Mr. Nigro, included Senior Vice President of Inkjet and Graphics business, Senior Vice President of Retail and Web Solutions, Senior Vice President of Graphics and Imaging, and Senior Vice President of Technology Platforms.
Most notably, Mr. Nigro led the creation of the graphics arts business, 3D business and expansion of HP’s global inkjet business.
Mr. Nigro holds a Masters in Electrical Engineering from Stanford University and a Bachelors in Mechanical Engineering from UC Santa Barbara.
Kornit Digital’s Chief Executive Officer, Ronen Samuel, commented, “We are pleased to welcome Stephen Nigro as an advisor to the Company and as a prospective member of our Board of Directors. He is a veteran in the printing industry, has a proven track record and has been instrumental, in building and scaling new businesses. In keeping with Kornit’s objectives, Stephen too, has witnessed, led and supported transformations from analogue to digital printing. His appointment further strengthens our team and enhances the collective knowledge we are able to leverage from our diverse set of executives, advisors and Board members.”
Mr. Nigro commented, “I am excited to partner with the Kornit team and am thoroughly impressed by Kornit’s technology, existing footprint and plans to further scale the business. Kornit possesses the technology and resources to drive the transition to digital, and it is evident that the Company is positioned to disrupt the end markets it serves. That transition parallels digital transitions that I have seen throughout my career. My previous experience will therefore help to drive the execution of Kornit’s growth plans. I am furthermore pleased to be able to partner with such a talented team.”
Stephen Nigro’s engagement commences on April 2, 2019.
About Kornit
Kornit Digital Ltd. (NASDAQ: KRNT) develops, manufactures and markets industrial digital printing technologies for the garment, apparel and textile industries. Kornit delivers complete solutions, including digital printing systems, inks, consumables, software and after-sales support. Leading the digital direct-to-garment printing market with its exclusive eco-friendly NeoPigment printing process, Kornit caters directly to the changing needs of the textile printing value chain. Kornit’s technology enables innovative business models based on web-to-print, on-demand and mass customization concepts. With its immense experience in the direct-to-garment market, Kornit also offers a revolutionary approach to the roll-to-roll textile printing industry: digitally printing with a single ink set onto multiple types of fabric with no additional finishing processes. Founded in 2003, Kornit Digital is a global company, headquartered in Israel with offices in the USA, Europe and Asia Pacific, and serves customers in more than 100 countries worldwide.