AGM/EGMMay 6, 2026, 07:02 AM
Ceragon Networks to Hold AGM on June 11; Seeks CEO Comp Approval
AI Summary
Ceragon Networks Ltd. announced its 2026 Annual General Meeting of Shareholders to be held on June 11, 2026, at 4:00 PM Israel time. Shareholders will vote on three key proposals: approving certain compensation terms for the CEO, renewing and amending the Executives & Directors Compensation Policy, and re-appointing Kost Forer Gabbay & Kasierer as the independent auditor. The Board unanimously recommends voting "FOR" all proposals. The record date for voting eligibility is May 13, 2026.
Key Highlights
- Annual General Meeting (AGM) scheduled for June 11, 2026, at 4:00 PM (Israel time).
- Shareholders of record as of May 13, 2026, are eligible to vote.
- Proposal to approve CEO Doron Arazi's compensation, including a revised annual base salary of NIS 1,344,000 (approx. $455,902).
- CEO compensation includes a 2026 cash bonus plan with an "On-Target" amount of 10 months' base salary.
- CEO's total equity compensation is 84.6% performance-based, including a special retention award.
- Proposal to approve the renewal and amendments to the Company’s Executives & Directors Compensation Policy.
- Proposal to re-appoint Kost Forer Gabbay & Kasierer (EY Global) as independent auditor for fiscal year 2026 and beyond.
- Quorum requires 33% of voting power; adjourned meeting requires any two shareholders.
Price Impact
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