Max Stock Limited Schedules Annual General Meeting for 2025 with Key Agenda Items
Max Stock Limited, a leading extreme value retailer in Israel, has officially announced its upcoming Annual General Meeting (AGM) set to take place on September 18, 2025, at 10:00 AM. The meeting will be held at the offices of Herzog Fox & Neeman, the external legal counsel for the company, located at 6 Itzhak Sadeh St., Tel Aviv. Shareholders are encouraged to participate in this significant gathering where crucial decisions concerning the company's operations and future direction will be made.
The record date for shareholders eligible to attend the AGM is August 28, 2025. This means that only those who own shares as of this date will be entitled to vote on the matters discussed during the meeting. The AGM's agenda features several important items, which will be outlined below:
1. Discussion of the Financial Statements and Board Report:
While this agenda item is informational in nature, it serves as a platform for shareholders to review the company's 2024 board report as well as its financial statements. Although no voting will occur on this item, it plays a vital role in keeping shareholders informed of the company's performance and strategic initiatives.
2. Reappointment of Auditors:
The company will propose the reappointment of Ernst & Young Israel, specifically the Kost Forer Gabbay & Kasierer group, as the auditors for Max Stock Ltd. This reappointment will extend until the conclusion of the next annual general meeting. Additionally, the company’s board of directors will be granted authority to determine the fees for these auditing services.
3. Reappointment of Current Directors:
Shareholders will vote on the reappointment of non-external directors, including Ms. Zehavit Cohen, Mr. Ori Max, Mr. Erez Nahum, Ms. Limor Brik-Shay, Mr. Guy Gissin, and Ms. Suzan Mazzawi, the independent director. Each director's appointment will be voted on individually.
4. Management and Consulting Services Agreement Extension:
Max Stock intends to extend the management and consulting services agreement with Moose Holdco Ltd., one of its controlling shareholders, for an additional three years. This extension will take effect from September 14, 2025, under the same terms as the current agreement.
5. Approval of Amended Remuneration Policy:
The AGM will also address the approval of the amended remuneration policy which aims to govern the compensation of key executives and officers over a span of three years, starting from September 14, 2025.
6. Indemnity and Release of Letters for Company Officers:
The company plans to propose extensions of letters of indemnity and release that provide current and future officers protection and assurance linked with the controlling shareholders. Both extensions will start from September 14, 2025, allowing officers related to the controlling stakeholders continued security in their roles.
This AGM marks a pivotal moment for Max Stock as it continues to solidify its leadership position in the retail market across Israel, currently boasting 64 stores. The company's mission focuses on providing high-quality everyday products at prices that allow customers to "Dream Big, Pay Small." For more information about the meeting, shareholders can access a convenience translation of the meeting notice and voting card by visiting Max Stock's investor relations website.
As Max Stock prepares for this significant day, the company remains committed to transparency and fostering active participation among its shareholders, ensuring that their voices are heard in shaping the future of the business.
The record date for shareholders eligible to attend the AGM is August 28, 2025. This means that only those who own shares as of this date will be entitled to vote on the matters discussed during the meeting. The AGM's agenda features several important items, which will be outlined below:
1. Discussion of the Financial Statements and Board Report:
While this agenda item is informational in nature, it serves as a platform for shareholders to review the company's 2024 board report as well as its financial statements. Although no voting will occur on this item, it plays a vital role in keeping shareholders informed of the company's performance and strategic initiatives.
2. Reappointment of Auditors:
The company will propose the reappointment of Ernst & Young Israel, specifically the Kost Forer Gabbay & Kasierer group, as the auditors for Max Stock Ltd. This reappointment will extend until the conclusion of the next annual general meeting. Additionally, the company’s board of directors will be granted authority to determine the fees for these auditing services.
3. Reappointment of Current Directors:
Shareholders will vote on the reappointment of non-external directors, including Ms. Zehavit Cohen, Mr. Ori Max, Mr. Erez Nahum, Ms. Limor Brik-Shay, Mr. Guy Gissin, and Ms. Suzan Mazzawi, the independent director. Each director's appointment will be voted on individually.
4. Management and Consulting Services Agreement Extension:
Max Stock intends to extend the management and consulting services agreement with Moose Holdco Ltd., one of its controlling shareholders, for an additional three years. This extension will take effect from September 14, 2025, under the same terms as the current agreement.
5. Approval of Amended Remuneration Policy:
The AGM will also address the approval of the amended remuneration policy which aims to govern the compensation of key executives and officers over a span of three years, starting from September 14, 2025.
6. Indemnity and Release of Letters for Company Officers:
The company plans to propose extensions of letters of indemnity and release that provide current and future officers protection and assurance linked with the controlling shareholders. Both extensions will start from September 14, 2025, allowing officers related to the controlling stakeholders continued security in their roles.
This AGM marks a pivotal moment for Max Stock as it continues to solidify its leadership position in the retail market across Israel, currently boasting 64 stores. The company's mission focuses on providing high-quality everyday products at prices that allow customers to "Dream Big, Pay Small." For more information about the meeting, shareholders can access a convenience translation of the meeting notice and voting card by visiting Max Stock's investor relations website.
As Max Stock prepares for this significant day, the company remains committed to transparency and fostering active participation among its shareholders, ensuring that their voices are heard in shaping the future of the business.
Topics General Business）
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