Max Stock announces an AGM to be held on June 26, 2024
Max Stock has announced an Annual General Meeting (AGM) scheduled for June 26, 2024, at 10:00 AM in Tel Aviv. The meeting will cover discussions on the company’s 2022 and 2023 board reports and financial statements, which are informational and not subject to voting. Key agenda items include the reappointment of Ernst & Young Israel as auditors and authorization for the board to set their fees. Additionally, the reappointment of non-external directors for another term will be voted on, with each director's reappointment being considered individually. Max Stock, a leading retailer in Israel, operates 64 locations in Israel and 2 in Portugal.
- AGM scheduled, ensuring transparency and shareholder engagement.
- Discussions on 2022 and 2023 financials enhance investor awareness.
- Reappointment of Ernst & Young Israel as auditors supports audit continuity.
- Board authorized to establish auditor's fees, ensuring flexibility in negotiations.
- Reappointment of directors fosters leadership stability.
- Agenda items on financial reports are informational only, lacking shareholder voting opportunities.
CAESAREA, Israel, May 22, 2024 /PRNewswire/ -- Max Stock Ltd. (TASE: MAXO) (the "Company") announces an AGM to be held at 10:00 AM on June 26, 2024 (date of record: May 28, 2024), at the offices of the Company's external legal counsel Herzog Fox Neeman & Co., 6 Itzhak Sadeh St.,
1. Discussion on both the Company's 2022 and 2023 board report and financial statements
Please note that these agenda items are only informational and will not be voted upon.
2. Reappointment of the auditor and authorizing the Company's board to establish the auditor's fees
Proposed resolution: To approve the reappointment of Ernst & Young Israel - Kost Forer Gabbay & Kasierer, to serve as the Company's auditors until the end of the Company's next annual general meeting and to authorize the Company's board of directors to establish its fees.
3. Reappointment of directors (non-external directors) for an additional term of office
Proposed resolution: To approve the reappointment of the Company's non-external directors (Ms. Zehavit Cohen, Mr. Ori Max, Mr. Erez Nahum, Ms. Limor Brik-Shay, Mr. Guy Gissin and Ms. Suzan Mazzawi (independent director)) for an additional term of service on the Company's board of directors, commencing from the approval date of their appointment by the general meeting being convened until the conclusion of the next general meeting.
The proposed reappointment of the directors does not entail any changes to their current terms of office.
It should be noted that the appointment of each director will be voted upon separately.
A convenience translation into English of the general meeting notice and the relevant voting card can be accessed at https://ir.maxstock.co.il/en/shareholders-meetings/
About Max Stock
Max Stock is
Company Contacts:
Talia Sessler
Chief Corporate Development and IR Officer
talia@maxstock.co.il
View original content:https://www.prnewswire.com/news-releases/max-stock-announces-an-agm-to-be-held-on-june-26-2024-302152371.html
SOURCE Max Stock Limited
FAQ
When is Max Stock's AGM scheduled?
What are the key items on the agenda for Max Stock's AGM?
Will the financial statements be voted on at Max Stock's AGM?
Which auditing firm is being reappointed for Max Stock?
How will the reappointment of directors be decided at the AGM?
