electroCore names Joshua Lev and Mike Fox co-CEOs, expands board to eight members
electroCore's board appointed Joshua Lev, its interim president and CFO, and Mike Fox, its COO, as co-Chief Executive Officers and president, effective September 8, 2026. Both will keep their current finance and operations roles and join the board as Class III directors, increasing the board from six to eight members. The filing also shows higher pay for both executives, a revised executive severance policy, and bylaw changes that tighten rules for shareholder director nominations.
Key points
- Lev and Fox were named co-CEOs and president on September 8, 2026, and will remain CFO and COO, respectively.
- Lev's base salary rises from $470,000 to $540,000 with a 50% target bonus; Fox's base salary rises from $505,000 to $540,000 and his target bonus rises from 40% to 50%.
- Each received 55,000 restricted stock units vesting in equal annual installments over three years.
- The CEO change-in-control severance formula now provides a lump sum at a 1.5x multiple, and the bylaws add stricter advance notice and group disclosure requirements for shareholder nominees.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.