#AGM #Israel #Defense Technology #Haifa #Elbit Systems

Introduction

On August 5, 2026, Elbit Systems Ltd., a leading defense technology company, conducted its Annual General Meeting (AGM) in Haifa, Israel. During the meeting, a series of critical resolutions were voted on and subsequently approved. The outcomes of this meeting will have significant implications for the company's governance and strategic direction.

Key Resolutions Passed

The following decisions were officially endorsed at the AGM:
1. Board Elections: Shareholders elected seven members to the Board of Directors who are not classified as 'External Directors' under the Israeli Companies Law. The elected board members are:
- Mr. David Federmann
- Mr. Ehud (Udi) Adam
- Mr. Jacob Bar-Nathan Abudi
- Mrs. Rina Baum
- Mr. Michael Federmann
- Mrs. Tzipi Livni
- Mr. Dov Ninveh
These individuals will serve until the conclusion of the next AGM, showcasing a blend of expertise and leadership that aims to guide Elbit Systems in responding to ongoing market challenges and defense needs.

2. Re-Election of External Director: Mr. Noaz Bar Nir was re-elected for an additional three-year term as an External Director. His ongoing contributions are anticipated to enhance the company's governance practices.

3. Indemnification Measures: The meeting also saw an extension of indemnification letters for Mr. Michael Federmann and Mr. David Federmann for three additional years, starting December 1, 2026. This extension reflects the company’s commitment to protecting its directors against potential liabilities incurred while performing their duties.

4. Exemption Letters: Similarly, the exemption letters for Mr. Michael Federmann and Mr. David Federmann were extended for three years, beginning April 7, 2027. This decision underlines Elbit's focus on ensuring its board members can operate with confidence in complex and often challenging environments.

5. Re-appointment of Independent Auditor: The company re-appointed Kost, Forer, Gabbay & Kasierer, a member of Ernst & Young Global, as the independent auditor for the fiscal year ending December 31, 2026. This move is essential for maintaining transparency and compliance in the company's financial reporting.

About Elbit Systems

Recognized as a pioneer in the defense technology sector, Elbit Systems develops and integrates advanced technology solutions aimed at ensuring a safer world. With operations spanning multiple domains, the company remains committed to leveraging Israel's innovative technology landscape to tackle evolving defense challenges. As of the end of March 2026, Elbit Systems reported a substantial revenue of approximately $2.19 billion and an order backlog of $30.2 billion, implying strong market demand for its products and services.

Conclusion

The results of the 2026 Annual General Meeting signal a progressive approach to governance at Elbit Systems, reflecting its dedication to enhancing shareholder value and maintaining robust operational standards. As the geopolitical landscape continues to evolve, the decisions made during this meeting position Elbit well for future challenges. Shareholders and stakeholders can anticipate sustained growth and innovation as Elbit Systems navigates its strategic path forward.