Max Stock Limited Plans Annual General Meeting Agenda Details
Max Stock Limited Plans Annual General Meeting Agenda Details
Max Stock Ltd. (TASE: MAXO) is set to hold its annual general meeting (AGM) at 10:00 AM, welcoming shareholders to discuss crucial topics related to the company's future. As Israel's foremost extreme value retailer with 64 outlets nationwide, the company is dedicated to providing high-quality products at affordable prices, embodying their motto: "Dream Big, Pay Small."
Key Agenda Items for the AGM
The AGM will cover several important agenda items. First on the list is the company’s 2024 board report along with financial statements. This segment will serve as an opportunity for information sharing, allowing all shareholders to stay informed about the company's performance and direction.
Auditor Reappointment and Fee Authorization
Next, shareholders will vote on the reappointment of Ernst & Young Israel - Kost Forer Gabbay & Kasierer as the company's external auditor through the upcoming AGM. The board of directors will also seek authorization to outline the auditor's fees, ensuring financial oversight remains robust.
Reappointments of Non-External Directors
Another key highlight of the AGM is the reelection of non-external directors. The proposed directors include Ms. Zehavit Cohen, Mr. Ori Max, Mr. Erez Nahum, Ms. Limor Brik-Shay, Mr. Guy Gissin, and independent director Ms. Suzan Mazzawi. Each appointment will be subject to individual voting, emphasizing the company's commitment to democratic processes within governance.
Management and Consulting Agreement Extension
A significant item on the agenda pertains to the extension of management and consulting services provided by Moose Holdco Ltd., a controlling shareholder of Max Stock. This agreement, set to continue for an additional three years from September 14, 2025, will further ensure effective management, continuity, and strategic guidance for the company moving forward.
Amendments to Remuneration Policy
Additionally, shareholders will consider an amended remuneration policy, which is structured to remain effective for three years. Such amendments are designed to align the interests of management with shareholder expectations, promoting long-term success.
Indemnity and Release Letters
The proposal also includes extending letters of indemnity and release for current and future officers and directors affiliated with controlling shareholders. Overseeing such elements reflects Max Stock’s proactive approach to governance and risk management, prioritizing both compliance and the protection of company leaders.
Communication and Shareholder Engagement
The company encourages active participation and has provided English translations of the meeting notice and related voting materials for shareholders. This ensures transparency and accessibility, allowing all stakeholders to engage meaningfully in the governance process.
About Max Stock
Max Stock stands at the forefront of retail in Israel, with a comprehensive selection of products tailored to everyday customer needs. The company not only values affordability but also focuses on enriching the shopping experience. Engaging with customers through various platforms, including social initiatives, Max Stock exemplifies its commitment to community enhancement.
Frequently Asked Questions
What is the significance of the AGM for shareholders?
The AGM allows shareholders to engage directly with the company’s decision-making process, review financial performance, and vote on critical governance matters.
Who are the proposed directors for reelection?
Proposed directors for reelection include Ms. Zehavit Cohen, Mr. Ori Max, Mr. Erez Nahum, Ms. Limor Brik-Shay, Mr. Guy Gissin, and independent director Ms. Suzan Mazzawi.
What changes are being proposed to the remuneration policy?
The amended remuneration policy aims to align management compensation with shareholders’ interests over the next three years.
When will the AGM take place?
The AGM is scheduled for 10:00 AM on September 18, 2025.
How does Max Stock ensure shareholder communication?
Max Stock prioritizes communication by translating meeting notices and providing accessible voting cards to foster transparency and engagement among shareholders.
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