Nano Dimension Announces Election of Ofir Baharav and Robert Pons to Board of Directors
Nano Dimension (NNDM) shareholders have elected Ofir Baharav and Robert Pons to the company's Board of Directors at its 2024 Annual General Meeting. The shareholders approved the reappointment of Somekh Chaikin (KPMG member) as independent auditor and compensation for non-executive directors. However, they rejected the CEO's compensation terms and the proposal to de-stagger the Board.
Board Chairman Dr. Yoav Nissan-Cohen welcomed the new directors, noting their expected contribution to building long-term shareholder value. The company acknowledged the departure of directors Yoav Stern (who continues as CEO) and General Michael Garrett while reaffirming its commitment to becoming a market leader in digital manufacturing.
I soci di Nano Dimension (NNDM) hanno eletto Ofir Baharav e Robert Pons nel Consiglio di Amministrazione dell'azienda durante l'Assemblea Generale Annuale 2024. I soci hanno approvato la rielezione di Somekh Chaikin (membro KPMG) come revisore indipendente e la compensazione per i direttori non esecutivi. Tuttavia, hanno respinto i termini di compenso del CEO e la proposta di eliminare la stagionalità del Consiglio.
Il Presidente del Consiglio Dr. Yoav Nissan-Cohen ha accolto i nuovi direttori, sottolineando il loro contributo atteso per la creazione di valore a lungo termine per gli azionisti. L'azienda ha riconosciuto il congedo dei direttori Yoav Stern (che continua come CEO) e del Generale Michael Garrett, riaffermando il proprio impegno a diventare un leader di mercato nella produzione digitale.
Los accionistas de Nano Dimension (NNDM) han elegido a Ofir Baharav y Robert Pons para el Consejo de Administración de la compañía en su Junta General Anual 2024. Los accionistas aprobaron la reelección de Somekh Chaikin (miembro de KPMG) como auditor independiente y la compensación para los directores no ejecutivos. Sin embargo, rechazaron los términos de compensación del CEO y la propuesta para eliminar el escalonamiento del Consejo.
El Presidente del Consejo, Dr. Yoav Nissan-Cohen, dio la bienvenida a los nuevos directores, señalando su esperada contribución a la creación de valor a largo plazo para los accionistas. La empresa reconoció la salida de los directores Yoav Stern (quien continúa como CEO) y el General Michael Garrett, reafirmando su compromiso de convertirse en un líder del mercado en manufactura digital.
나노 디멘션(NNDM)의 주주들은 2024년 정기 주주총회에서 오피르 바하라브와 로버트 폰스를 회사 이사회에 선출했습니다. 주주들은 KPMG 멤버인 Somekh Chaikin의 독립 감사 재임과 비상임 이사의 보상에 대한 승인을 했습니다. 그러나 CEO의 보상 조건과 이사회 탈단계화를 제안은 거부했습니다.
이사회 의장인 Dr. Yoav Nissan-Cohen은 새로운 이사들을 환영하며, 그들의 장기적인 주주 가치를 구축하는 데 기여할 것으로 기대한다고 밝혔습니다. 회사는 CEO로 계속 활동하는 Yoav Stern과 Michael Garrett 장군의 퇴임을 인정하면서 디지털 제조 시장에서의 선두 주자가 되겠다는 의지를 재확인했습니다.
Les actionnaires de Nano Dimension (NNDM) ont élu Ofir Baharav et Robert Pons au Conseil d'Administration de l'entreprise lors de son Assemblée Générale Annuelle 2024. Les actionnaires ont approuvé la réélection de Somekh Chaikin (membre de KPMG) en tant qu'auditeur indépendant et la rémunération des administrateurs non exécutifs. Cependant, ils ont rejeté les conditions de rémunération du PDG et la proposition de supprimer la stratification du Conseil.
Le Président du Conseil, Dr. Yoav Nissan-Cohen, a accueilli les nouveaux administrateurs, notant leur contribution attendue à la création de valeur pour les actionnaires à long terme. L'entreprise a reconnu le départ des directeurs Yoav Stern (qui continue en tant que PDG) et le Général Michael Garrett tout en réaffirmant son engagement à devenir un leader du marché dans le domaine de la fabrication numérique.
Die Aktionäre von Nano Dimension (NNDM) haben bei der Jahreshauptversammlung 2024 Ofir Baharav und Robert Pons in den Vorstand des Unternehmens gewählt. Die Aktionäre genehmigten die Wiederernennung von Somekh Chaikin (Mitglied von KPMG) als unabhängigen Prüfer und die Vergütung für nicht-executive Direktoren. Allerdings lehnten sie die Vergütungsbedingungen des CEO und den Vorschlag zur Aufhebung der Staggered Board-Struktur ab.
Der Vorstandsvorsitzende Dr. Yoav Nissan-Cohen begrüßte die neuen Direktoren und betonte ihren erwarteten Beitrag zur Schaffung von langfristigem Aktionärswert. Das Unternehmen erkannte den Rücktritt der Direktoren Yoav Stern (der weiterhin als CEO tätig ist) und General Michael Garrett an und bekräftigte sein Engagement, ein Marktführer in der digitalen Fertigung zu werden.
- Appointment of two new board members strengthening corporate governance
- Shareholders approved independent auditor appointment maintaining financial oversight
- Shareholders maintain control over executive compensation by rejecting CEO compensation terms
- Shareholders rejected CEO compensation terms indicating potential governance concerns
- Failed attempt to de-stagger the Board suggesting resistance to proposed governance changes
Waltham, Mass., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printing solutions, today announced that Nano shareholders have voted to elect Mr. Ofir Baharav and Mr. Robert Pons to the Company’s Board of Directors (the “Board”) at its 2024 Annual General Meeting (the “Annual Meeting”) that was held today.
Dr. Yoav Nissan-Cohen, Chairman of the Board of Nano, commented: “We welcome Ofir Baharav and Robert Pons to Nano’s Board and look forward to working with them to build long-term value for all Nano shareholders. Nano’s Board and management team remain committed to executing our multi-pronged strategy to become the market leader in digital manufacturing and driving meaningful growth to benefit our shareholders and all our stakeholders.”
Dr. Nissan-Cohen added, “I want to thank Mr. Yoav Stern and General Michael Garrett for their service as directors on our Board as well as their expertise and guidance in developing our strategy and positioning Nano for the future. Yoav Stern continues to serve Nano as its Chief Executive Officer.”
In addition, Nano announced that voting results confirmed that its shareholders:
- Approved the reappointment of Somekh Chaikin, Certified Public Accountants and a member of KPMG, as the Company’s independent auditor until the next annual general meeting.
- Approved the Company’s proposed compensation for all non-executive directors.
- Did not approve the compensation terms for the Company’s Chief Executive Officer, Yoav Stern.
- Did not approve de-staggering the Company’s Board by amending the Company’s amended and restated articles of association.
Additional information regarding the results of the Annual Meeting will be available in a current report on Form 6-K filed with the Securities and Exchange Commission and on Nano’s investor website https://investors.nano-di.com/investor-relations/
About Nano Dimension Ltd.
Nano’s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing – by delivering solutions that convert digital designs to electronic or mechanical devices – on demand, anytime, anywhere.
Nano’s strategy is driven by the application of deep learning-based AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.
Nano has served over 2,000 customers across vertical target markets such as aerospace and defense, advanced automotive, high-tech industrial, specialty medical technology, R&D, and academia. The Company designs and makes Additive Electronics and AM 3D printing machines and consumable materials. Additive Electronics are manufacturing machines that enable the design and development of High-Performance-Electronic-Devices (Hi-PED®s). AM includes manufacturing solutions for production of metal, ceramic, and specialty polymers-based applications - from millimeters to several centimeters in size with micron precision.
Through the integration of its portfolio of products, Nano is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of AM.
For more information, please visit https://www.nano-di.com/
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
For example, Nano is using forward-looking statements in this press release when it discusses working with the newly elected directors to build long-term value for all of the Company’s shareholders and its strategy to become the market leader in digital manufacturing. Such forward-looking statements include statements regarding Nano’s future growth, strategic plan and value to shareholders, and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. When used in this communication, the words “outlook,” “guidance,” “expects,” “believes,” “anticipates,” “should,” “estimates,” “may,” “will,” “intends,” “projects,” “could,” “would,” “estimate,” “potential,” “continue,” “plan,” “target,” or the negative of these words or similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company’s actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. Further, actual results, performance, or achievements of Nano could differ materially from those described in or implied by the statements in this communication. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano’s annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on March 21, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication. Nano is not responsible for the contents of third-party websites.
Nano Dimension Contacts
Investor:
Julien Lederman, VP Corporate Development
ir@nano-di.com
Media:
Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com
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