Max Stock Adjusts Remuneration Policy Ahead of 2025 AGM
Max Stock Ltd. (TASE: MAXO), a leading extreme value retailer based in Israel, has announced significant changes to its remuneration policy. These amendments are set to be discussed at the upcoming Annual General Meeting (AGM) scheduled for September 18, 2025. The company previously informed stakeholders about this meeting on August 14, 2025, and now they are providing additional insights regarding the updated remuneration structure.
The modifications to the remuneration policy were unanimously approved by the Company's remuneration committee and board of directors during meetings held on September 9 and 10, 2025. These adjustments are designed to maintain competitive compensation structures and align with the company's strategic goals over the next three years, starting September 14, 2025.
Among the key changes introduced in the amended policy, several caps have been implemented. Notably, in section 11.2, a cap has been set on discretionary bonuses to ensure fiscal responsibility. Additionally, section 11.3 saw a reduction in the cap for non-recurring bonuses, aligning with wider market trends towards more conservative bonus structures. Importantly, section 11.5.1 introduces a cap on total compensation for the CEO, aiming to balance executive remuneration with shareholder expectations.
Furthermore, the amendments provide for the issuance of restricted shares to company officers under section 12.2. There’s also now a clear specification regarding equity compensation limits provided in section 12.3, and provisions for accelerated vesting schedules have been added under section 12.4, specifically in circumstances such as changes in control of the company.
These adjustments reflect Max Stock's commitment to structuring compensation that incentivizes performance while protecting the interests of shareholders. The revisions also include the removal of outdated provisions related to secondary offerings mentioned in the IPO prospectus dated September 15, 2020, and corrections of some typographical errors encountered in the previous policy documents.
For those interested in detailed information, a comprehensive English translation of the general meeting notice outlining the additional amendments and a comparison of the newly proposed remuneration policy with the existing one is available. This ensures transparency and allows stakeholders to make informed decisions regarding their engagement with the company. The documentation can be accessed through their investor relations website.
Max Stock Ltd. operates a robust network of 64 retail locations throughout Israel, making it a key player in the extreme value retail sector. The company prides itself on providing a wide range of everyday products at prices that allow customers to 'Dream Big, Pay Small'. With these amendments to the remuneration policy, Max Stock aims to not only uphold its competitive edge but also foster an organizational culture that values responsible and performance-driven compensation practices.
For ongoing updates and more information about the AGM and the company's operational insights, stakeholders and interested parties are encouraged to visit the Max Stock investor relations website for continual updates and announcements.
In summary, as Max Stock approaches its upcoming AGM, the newly proposed remuneration policy signifies a strategic step forward in aligning executive compensation with company performance and shareholder interests—an approach that is vital to maintaining trust and fostering growth in the competitive retail landscape.
The modifications to the remuneration policy were unanimously approved by the Company's remuneration committee and board of directors during meetings held on September 9 and 10, 2025. These adjustments are designed to maintain competitive compensation structures and align with the company's strategic goals over the next three years, starting September 14, 2025.
Among the key changes introduced in the amended policy, several caps have been implemented. Notably, in section 11.2, a cap has been set on discretionary bonuses to ensure fiscal responsibility. Additionally, section 11.3 saw a reduction in the cap for non-recurring bonuses, aligning with wider market trends towards more conservative bonus structures. Importantly, section 11.5.1 introduces a cap on total compensation for the CEO, aiming to balance executive remuneration with shareholder expectations.
Furthermore, the amendments provide for the issuance of restricted shares to company officers under section 12.2. There’s also now a clear specification regarding equity compensation limits provided in section 12.3, and provisions for accelerated vesting schedules have been added under section 12.4, specifically in circumstances such as changes in control of the company.
These adjustments reflect Max Stock's commitment to structuring compensation that incentivizes performance while protecting the interests of shareholders. The revisions also include the removal of outdated provisions related to secondary offerings mentioned in the IPO prospectus dated September 15, 2020, and corrections of some typographical errors encountered in the previous policy documents.
For those interested in detailed information, a comprehensive English translation of the general meeting notice outlining the additional amendments and a comparison of the newly proposed remuneration policy with the existing one is available. This ensures transparency and allows stakeholders to make informed decisions regarding their engagement with the company. The documentation can be accessed through their investor relations website.
Max Stock Ltd. operates a robust network of 64 retail locations throughout Israel, making it a key player in the extreme value retail sector. The company prides itself on providing a wide range of everyday products at prices that allow customers to 'Dream Big, Pay Small'. With these amendments to the remuneration policy, Max Stock aims to not only uphold its competitive edge but also foster an organizational culture that values responsible and performance-driven compensation practices.
For ongoing updates and more information about the AGM and the company's operational insights, stakeholders and interested parties are encouraged to visit the Max Stock investor relations website for continual updates and announcements.
In summary, as Max Stock approaches its upcoming AGM, the newly proposed remuneration policy signifies a strategic step forward in aligning executive compensation with company performance and shareholder interests—an approach that is vital to maintaining trust and fostering growth in the competitive retail landscape.
Topics General Business）
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