The approval covers the company’s amended compensation policy for a three-year term starting September 15, 2026. For CEO Ori Max, the updated terms taking effect October 1 include 156,551 unlisted options and 106,502 performance-based restricted stock units. These figures reflect a total fair value of ILS 5.25 million based on valuations from the meeting date.
Max Stock Shareholders Approve New CEO Compensation Package
Shareholders of Israeli retailer Max Stock have voted decisively to approve a revised compensation policy and updated terms for CEO Ori Max. During an extraordinary general meeting held in Caesarea, investors backed the new pay structure, which includes a significant equity-based incentive package valued at ILS 5.25 million.
Voting data shows strong backing for the measures, with 88.35% of participants approving the CEO’s new terms and 86.77% supporting the broader policy changes. Even when excluding controlling shareholders, the proposals maintained solid support levels of 85.62% and 86.77% respectively. The company, which currently operates 65 retail locations across Israel, intends to provide full documentation of these resolutions through its investor relations portal.
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