#Caesarea #Max Stock Limited #Eliad Max #Ori Max

Max Stock Limited Discloses Employment of CEO's Son

In a recent disclosure, Max Stock Limited (TASE: MAXO), Israel's leading extreme value retailer, announced the employment of Eliad Max, the son of the company's CEO Ori Max. This decision was made following the approval from both the remuneration committee and board of directors on August 10 and 13, 2025, respectively. The approval comes under Regulation 1B(a)(4) of the Companies Regulations (Reliefs for Interested Party Transactions) from 2000, which governs such transactions.

Eliad Max will assume a junior management reserve role at a branch operated by one of the company's subsidiaries. The decision has been structured to ensure that Eliad's hourly wage adheres to customary rates for employees in similar positions and complies with legal social benefits. Notably, his total monthly remuneration is capped to ensure it does not exceed the market average for similar roles, offering transparency and fairness in a company notable for its robust governance policies.

Given that Eliad Max is a student, he is not expected to work in a full-time capacity. Nonetheless, the remuneration committee and the board of directors assessed his salary and concluded it is reasonable considering the average market salary for such roles. Even with potential full-time engagement, including overtime, his earnings would remain within industry standards, reflecting both the scope of his responsibilities and his personal capabilities.

Furthermore, it's worth noting that as per the regulatory guidelines, there can be no more than two individuals employed under this provision by the company at any given time. Currently, only one other employee is engaged under this regulation: Eliad Max's sister, exemplifying adherence to governance practices within the organization.

This announcement reflects Max Stock's commitment to responsible corporate governance and transparency in dealing with related party transactions—principles that are vital not just internally but also for public perceptions and investor relations. As Max Stock continues its trajectory as a primary player in Israel's retail market, maintaining strict compliance with governance rules amidst such familial transactions exemplifies their dedication to ethical business practices.

Max Stock Limited operates as a retailer across 64 locations in Israel, providing a diverse selection of products tailored to everyday needs at accessible prices. Their mission—allowing customers to