Corporate GovernanceJun 25, 2026, 06:17 AM
Silicom Board Overrides Shareholder RSU Rejection for CEO
AI Summary
Silicom's Annual General Meeting approved the re-election of Mr. Yeshayahu Orbach to the Board and salary increases for CEO Liron Eizenman (to NIS 73,850/month) and Active Chairman Avi Eizenman (to NIS 108,175/month), both retroactive to January 1, 2026. Shareholders rejected RSU grants for both executives. However, the Compensation Committee and Board subsequently overrode the rejection for the CEO's 38,333 RSU grant, making it subject to a performance condition of US$83 million consolidated revenues for fiscal year 2026. Kesselman & Kesselman (PwC Israel) was also appointed as the independent public accountants.
Key Highlights
- Shareholders re-elected Mr. Yeshayahu Orbach to the Board for a three-year term.
- CEO Liron Eizenman's monthly salary increased from NIS 70,000 to NIS 73,850, retroactive to Jan 1, 2026.
- Active Chairman Avi Eizenman's monthly salary increased from NIS 102,536 to NIS 108,175, retroactive to Jan 1, 2026.
- Shareholders rejected the grant of 38,333 RSUs to CEO Liron Eizenman and 42,000 RSUs to Chairman Avi Eizenman.
- Silicom's Board and Compensation Committee overrode the rejection for the CEO's 38,333 RSU grant.
- CEO's RSU grant is now conditional on 2026 consolidated revenues reaching at least US$83 million.
- Kesselman & Kesselman (PwC Israel) appointed as independent public accountants for 2026.
Price Impact
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