#Israel #Max Stock #Caesarea #General Meeting

Max Stock Limited Holds Successful General Meeting

On September 18, 2025, Max Stock Limited, a prominent retailer based in Israel, held its general meeting of shareholders, where they reported the successful approval of all agenda items presented to the shareholders. This notable meeting reconfirms the ongoing support from stakeholders as the company continues its operation in the retail sector.

The first significant agenda item was the reappointment of Ernst & Young Israel - Kost Forer Gabbay & Kasierer as the company’s auditors. Shareholders granted approval to the auditors’ continued service until the next annual general meeting, along with authorizing the board of directors to determine their fees. This decision signals confidence in the firm's auditing capabilities, ensuring financial integrity as Max Stock progresses in its endeavors.

Subsequently, the shareholders reappointed several existing directors to the board, including Ms. Zehavit Cohen, Mr. Ori Max, Mr. Erez Nahum, Ms. Limor Brik-Shay, Mr. Guy Gissin, and Ms. Suzan Mazzawi, the independent director. By reaffirming the board composition, the company emphasizes stability and continuity at the management level, crucial for effective leadership and strategic direction.

Another focal point of the meeting was the extension of the management and consulting services agreement with Moose Holdco Ltd., a controlling shareholder. This agreement will be extended for an additional three years, reflecting ongoing collaboration between the management team and key shareholders. This partnership aims to enhance operational efficiencies and leverage insights from experienced personnel within the control framework.

In addition to the management contract, the shareholders agreed to an amended remuneration policy for the same three-year period, which now includes updated compensation structures aligning with the company’s objectives and stakeholder expectations. This change demonstrates Max Stock’s commitment to maintaining a competitive edge in attracting and retaining top talent, essential for its long-term success.

The meeting also encompassed the approval for the extension of indemnity letters for officers connected with controlling shareholders. This provision, which covers a three-year term starting September 14, 2025, ensures protection and support for directors and management during their tenure at the company. Furthermore, an extension of letters of release was also approved for the same parties, safeguarding company leaders from potential liabilities associated with their roles, thereby enabling better decision-making in accordance with corporate governance standards.

In summarizing the meeting outcomes, it is evident that Max Stock Limited is focused on fortifying its governance structure and strategic partnerships. By securing majority approvals across various initiatives, the company is set to navigate the competitive landscape of extreme value retailing effectively.

Max Stock, recognized for its diverse range of products catering to everyday needs, operates across 64 locations throughout Israel. The company’s slogan “Dream Big, Pay Small” resonates with its mission to deliver value and quality products to its customers while empowering growth opportunities for shareholders and management alike.

For continuous updates on company performance and strategic initiatives, Max Stock encourages stakeholders and interested parties to visit their official investor relations website, which offers insights into their operations and future direction.