Kornit Digital adds Andrew Backman as capital markets chief
Kornit Digital (NASDAQ: KRNT) appointed Andrew G. Backman as Chief Capital Markets Officer, effective January 13, 2026. Based at Kornit’s U.S. headquarters in Englewood, New Jersey, Backman will support capital markets activities, investor relations, and corporate and business development initiatives.
Backman previously served as Kornit’s Global Head of Investor Relations from 2021–2023 and has participated in more than $30 billion of capital markets transactions. He most recently served as Global Head of Investor Relations at EMCOR Group and holds a B.A. in Economics from Boston College.
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Capital markets transactions
$30 billion
Total value of transactions Andrew G. Backman participated in
Industries covered
14 industries
Number of industries across prior capital markets and IR roles
Effective date
January 13, 2026
Start date as Chief Capital Markets Officer
Prior IR tenure
2021–2023
Previously served as Kornit’s Global Head of Investor Relations
$14.42
Last Close
Volume
Volume 317,478 is 1.12x the 20-day average of 283,182 ahead of the announcement.
normal
Technical
Shares at $14.42 trade below the 200-day MA of $16.71, between the 52-week low $11.93 and high $31.24.
KRNT was modestly lower by 0.83% while only one momentum-screened peer (SERV) showed a move, trading down 6.10%, suggesting a stock-specific tone rather than a broad sector rotation.
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 17 |
CFO change & buyback |
Positive | +2.3% |
CFO transition and new $100M share repurchase authorization. |
| Nov 05 |
Earnings release |
Positive | -6.2% |
Q3 2025 growth and positive adjusted EBITDA but shares dropped post-report. |
| Oct 27 |
Product launch |
Positive | +6.8% |
Launch of commercial digital footwear solution for sports and athleisure. |
| Oct 27 |
Innovation showcase |
Positive | +6.8% |
Planned unveiling of footwear solution and AIC model at ITMA Asia. |
| Oct 22 |
Earnings date notice |
Neutral | -0.8% |
Announcement of Q3 2025 earnings release date and conference call. |
Recent company-specific news, especially product launches and capital allocation actions, has typically led to price moves aligned with the positive tenor of those announcements, while at least one earnings release showed a negative divergence.
Over the last few months, Kornit reported Q3 2025 revenue of $53.1M with positive adjusted EBITDA of $1.1M, but shares fell 6.23%, indicating some skepticism around earnings. In contrast, product and innovation announcements tied to ITMA Asia + CITME 2025 on Oct 27, 2025 coincided with gains of 6.83%. A $100M share repurchase authorization on Nov 17, 2025 saw a 2.28% rise. Today’s capital markets leadership appointment fits into this broader pattern of strategic and capital markets-related updates.
This announcement adds an experienced capital markets leader who has participated in over $30 billion of transactions and previously led Kornit’s investor relations from 2021–2023. It follows recent milestones such as a $100M share repurchase authorization and new product launches. Investors may track how this role shapes communication around earnings, capital allocation, and growth initiatives, especially given the stock’s position below its 200-day moving average.
capital markets
financial
“will support Kornit’s capital markets activities, investor relations”
Capital markets are places where people and organizations buy and sell long-term investments like stocks and bonds. They help connect those who need money to grow or fund projects with investors looking to earn returns over time. For investors, capital markets are important because they offer opportunities to invest, save, and grow their wealth through a variety of financial assets.
investor relations
financial
“capital markets activities, investor relations, and corporate and business”
Investor relations is the communication process between a company and its current or potential investors. It involves sharing information about the company’s performance, strategies, and outlook to help investors make informed decisions. Effective investor relations build trust and transparency, similar to a clear conversation between a business and someone considering investing, ensuring both parties understand each other’s interests and expectations.
institutional investors
financial
“relationships with institutional investors, sell-side analysts, and global”
Institutional investors are large organizations, like pension funds, insurance companies, and mutual funds, that invest huge amounts of money on behalf of many people. Their decisions can influence the economy because they buy and sell big chunks of stocks, bonds, or other assets. They matter because their actions can affect market prices and trends.
sell-side analysts
financial
“relationships with institutional investors, sell-side analysts, and global”
Sell-side analysts are financial researchers who work for brokerage firms or investment banks and publish regular reports that rate stocks, forecast earnings and recommend buying, holding or selling shares. Investors care because these reports shape market expectations and trading activity—think of them as traffic signals for traders: a positive report can turn a green light into more buying, while a negative one can slow demand and affect a company’s stock price.
AI-generated analysis. Not financial advice.
ROSH HA’AYIN, Israel and ENGLEWOOD. N.J., Jan. 20, 2026 (GLOBE NEWSWIRE) — Kornit Digital Ltd. (“Kornit” or the “Company”) (NASDAQ: KRNT), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, today announced the appointment of Andrew G. Backman as Chief Capital Markets Officer, effective January 13, 2026. In this role, Mr. Backman will support Kornit’s capital markets activities, investor relations, and corporate and business development initiatives.
Mr. Backman, who will be based at the Company’s U.S. Headquarters in Englewood, New Jersey, has extensive capital markets and investor relations experience, participating in more than
“We are pleased to welcome Andy back to Kornit,” said Ronen Samuel, Chief Executive Officer of Kornit Digital. “His deep understanding of Kornit and strong relationships across the global capital markets community will help support the disciplined execution of our strategy.”
“I am excited to return to Kornit at a pivotal time in the Company’s evolution,” said Andrew G. Backman. “Kornit has a distinctive role in the digital transformation of textile and apparel production. I look forward to supporting the company’s engagement with our investment community and business partners.”
Mr. Backman recently served as Global Head of Investor Relations at EMCOR Group, Inc. (NYSE: EME), with prior experiences including senior capital markets and investor relations roles across more than 14 industries. He holds a B.A. in Economics from Boston College and is a graduate of AT&T / Lucent Technologies’ Financial Leadership Program.
About Kornit Digital
Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies. The Company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries. To learn more, visit www.kornit.com.
Forward Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as “will,” “expects,” “anticipates,” “believes,” “intends,” “planned,” or other similar words. These forward-looking statements include, but are not limited to, statements relating to the Company’s objectives, plans and strategies, including with respect to the Company’s authorized share repurchase program, statements regarding the Company’s results of operations and financial condition and all statements that address developments that the Company expects 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: potential objection to the share repurchase program by the Company’s creditors and/or failure to receive Israeli court approval after any such objection; the Company’s degree of success in developing, introducing and selling new or improved products and product enhancements including specifically the Company’s Poly Pro and Presto products, and the Company’s Apollo direct-to-garment platform; the extent of the Company’s ability to increase sales of its systems, ink and consumables; the development of the market for digital textile printing; securities class action litigation expenses; and those additional factors referred to under “Risk Factors” in Item 3.D of the Company’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025. Any forward-looking statements in this press release are made as of the date hereof, whether as a result of new information, future events or otherwise, except as required by law.
Investor Contacts:
Jared Maymon
Global Head of Investor Relations & Strategic Finance
[email protected]
Andrew G. Backman
Chief Capital Markets Officer
[email protected]
FAQ
Who is Andrew G. Backman and what role did he start at Kornit (KRNT)?
Andrew G. Backman was appointed Chief Capital Markets Officer at Kornit, effective January 13, 2026.
What will Andrew Backman be responsible for at Kornit (KRNT)?
He will support capital markets activities, investor relations, and corporate and business development initiatives.
How much capital markets experience does Kornit’s new officer have?
Backman has participated in more than $30 billion of capital markets transactions.
Did Andrew Backman previously work at Kornit (KRNT)?
Yes; he served as Kornit’s Global Head of Investor Relations from 2021 to 2023.
Where will Kornit’s Chief Capital Markets Officer be based?
He will be based at Kornit’s U.S. headquarters in Englewood, New Jersey.
What is Andrew Backman’s recent prior employer and education background?
He most recently served as Global Head of Investor Relations at EMCOR Group and holds a B.A. in Economics from Boston College.
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