Corporate GovernanceMay 11, 2026, 04:03 PM
Nayax Approves CEO/CTO Compensation, Extends CEO Dual Role 6 Months
AI Summary
Nayax Ltd. announced several proposals for its Annual General Meeting, including the re-election of five directors and the approval of a revised remuneration policy. Key proposals involve extending CEO Yair Nechmad's dual role as Chairman and CEO for six months, after which a new Chairman is expected. Additionally, the company proposes new three-year service agreements for both Mr. Nechmad (CEO) and Mr. David Ben-Avi (CTO), which include increased monthly fees and substantial equity grants of 810,086 options each, valued at approximately $5.06 million per executive, with vesting tied to ambitious share price targets.
Key Highlights
- CEO Yair Nechmad's dual role as Chairman and CEO extended for six months.
- CEO's new service agreement includes monthly fee of NIS 160,000 (+2.5% annually).
- CEO granted 810,086 options (value $5.06M) with exercise price $70.22.
- CTO David Ben-Avi's new service agreement includes monthly fee of NIS 160,000 (+2.5% annually).
- CTO granted 810,086 options (value $5.06M) with exercise price $70.22.
- Options vest over three years (2028-2031) based on share price targets ($120-$240).
- Amended Remuneration Policy reduces max fixed component for CEO/CTO to ILS 1,950,000.
- Company revenue grew from $174M (2022) to $400M (2025); Adjusted EBITDA to $61.1M (2025).