#Israel #Max Stock #Caesarea #Extraordinary Meeting #CEO Terms

Overview of Recent Extraordinary General Meeting Results

On September 16, 2026, Max Stock Limited, which trades on the Tel Aviv Stock Exchange under the ticker MAXO, announced significant outcomes from its recent extraordinary general meeting (EGM) of shareholders. This meeting was preceded by official notices on August 11 and August 31, outlining the agenda items that were to be voted on.

Key Resolutions Approved

The following items received majority approval during the meeting:

1. Amended Compensation Policy: The shareholders voted favorably on the updated Compensation Policy, effective for three years starting September 15, 2026. This policy outlines how the company plans to compensate its executives and is critical for aligning the interests of the management with those of the shareholders.

2. Amendments to CEO's Terms of Office: Mr. Ori Max's terms as CEO were also adjusted, effective October 1, 2026. This includes equity compensation offering him 156,551 unlisted options for ordinary shares and 106,502 performance-based restricted stock units (PSUs). The total estimated fair value of these awards amounts to approximately ILS 5.25 million as of the EGM date.

Voting Outcomes

The voting results highlighted an overwhelming majority in favor of both resolutions:

• - Amended Compensation Policy: Received a total of 105,878,895.80 votes (86.77%), with 16,137,271 votes against and 33 abstentions.
• - Amendments to CEO's Terms: Garnered 107,793,065.80 votes (88.35%), while opposing votes totaled 14,220,241 with 2,893 abstentions.

These majorities are calculated excluding abstentions and indicate robust support amongst shareholders, particularly those who are not controlling shareholders or personally interested in these resolutions. Notably, the approval for the amended Compensation Policy was 86.77% among those shareholders.

More Information

Post-meeting details regarding the approved resolutions, including finer points of the Compensation Policy and Mr. Max's updated terms, are furnished in the company's meeting notices available through their investor relations portal. This is an essential step in ensuring transparency and maintaining shareholder trust.

Max Stock is known for being a leading extreme value retailer in Israel and operates 65 locations nationwide. The company is committed to delivering a broad array of quality products at competitive prices, cementing its mission to enable customers to “Dream Big, Pay Small.”

For further insights and developments, stakeholders are encouraged to visit Max Stock's investor relations website.

This summary is based on a Hebrew report published on the same date and serves as a convenient English overview. It is essential to reference the original Hebrew version for legal purposes to resolve any discrepancies due to translation variations.