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- Departure of CEO (new) — Current CEO Yossi Balucka is being removed from the CEO position, though he continues as President.
Duke Robotics names Yiftach Kleinman CEO, current chief Balucka moves to President-only role
Filed June 11, 2026 · Period ending June 7, 2026 · ~1 min read
Key Changes
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high
Board appointed Yiftach Kleinman, 56, as CEO effective by Sept 8, 2026. Kleinman currently leads SpearUAV and previously held executive roles at Rafael Advanced Defense Systems.
Item 5.02 verify on EDGAR → -
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Current CEO Yossi Balucka will be removed from CEO role when Kleinman starts but continues as President, indicating planned restructuring rather than full departure.
Item 5.02 verify on EDGAR → -
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Kleinman's package: ~$331K base salary (NIS 80K monthly) plus annual bonus potential up to 12 months' salary split between performance goals and milestone achievements.
Item 5.02 verify on EDGAR → -
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New CEO receives stock options for 53,600 shares vesting over 3 years (one-third year one, remainder quarterly), with 6-year term and acceleration upon change of control.
Item 5.02 verify on EDGAR →
Summary
Duke Robotics is executing a leadership transition at the top, bringing in defense industry veteran Yiftach Kleinman as CEO while demoting current chief Yossi Balucka to President-only. Kleinman, who currently runs SpearUAV and previously worked at Rafael Advanced Defense Systems, brings deep experience in the defense technology sector that aligns with Duke's robotics focus.
The transition timeline extends through early September 2026, suggesting a planned handover rather than an emergency change. For retail investors, this CEO swap raises questions about strategic direction and performance under Balucka's leadership.
The fact that Balucka remains as President rather than departing entirely suggests the board values his continued involvement, but his removal from the CEO seat indicates dissatisfaction with current progress or a desire for fresh leadership. Kleinman's compensation structure heavily emphasizes performance bonuses and milestone achievements, signaling the board wants results-driven leadership. Watch for the company's next earnings call or investor update to understand what strategic shifts Kleinman plans and whether this leadership change accompanies broader operational changes or new business initiatives.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Duke Robotics appointed Yiftach Kleinman as CEO effective by Sept 2026; current CEO Yossi Balucka transitions to President role only.
Added in current filing · verify on EDGAR →
subject to the approval of the Company’s applicable corporate bodies and the Duke Robotics Corp. 2021 Equity Incentive Plan, Mr. Kleinman will receive an option grant to purchase 53,600 shares of the Company’s common stock. The options will have a six-year term and vest over three years, with one-third vesting on the first anniversary of the grant date and the remainder vesting quarterly over the following twenty-four months.
The new CEO will receive stock options for 53,600 shares with a six-year term, vesting one-third after year one and the remainder quarterly over the next two years. The exercise price will be set at the 30-day average closing price before the grant date, and unvested options accelerate upon change of control.
Event · Item 8.01 — Other Events
DUKE Robotics announced the appointment of Mr. Kleinman as Chief Executive Officer effective June 11, 2026.
Added in current filing · verify on EDGAR →
On June 11, 2026, the Company issued a press release announcing Mr. Kleinman’s appointment as Chief Executive Officer.
The company disclosed the appointment of Mr. Kleinman as Chief Executive Officer. This represents a leadership change at the highest executive level, which can signal strategic direction shifts or succession planning.
Event · Item 9.01 — Financial Statements and Exhibits
Duke Robotics entered into an employment agreement with Yiftach Kleinman on June 7, 2026.
Added in current filing · verify on EDGAR →
Personal Employment Agreement, dated June 7, 2026, by and between Duke Robotics Corp. and Yiftach Kleinman.
Duke Robotics Corp. has entered into a personal employment agreement with Yiftach Kleinman effective June 7, 2026. The 8-K does not disclose the role, compensation terms, or other material details of this employment arrangement within the body text, though the full agreement is filed as Exhibit 10.1.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 11, 2026 · How we verify