AGM/EGMMay 21, 2026, 06:16 AM
Tower Semiconductor to Hold AGM on July 2, 2026
AI Summary
Tower Semiconductor Ltd. announced its Annual General Meeting of Shareholders (AGM) to be held on July 2, 2026. Shareholders will vote on several key proposals, including the election of ten directors, the appointment and compensation of the Chairman of the Board, and the approval of an amended compensation policy for directors and executive officers. Additionally, proposals include an increase in the CEO's annual base salary and equity-based awards for the CEO and other board members, as well as the re-appointment of the company's independent auditors.
Key Highlights
- Shareholders to elect ten members to the Board of Directors and approve their cash compensation.
- Appoint Amir Elstein as Chairman of the Board and approve his compensation.
- Approve an amended and restated compensation policy for directors and executive officers.
- Approve an increase in the annual base salary of CEO Russell Ellwanger.
- Approve an annual equity-based award for CEO Russell Ellwanger.
- Approve an annual equity-based award for other Board members.
- Re-appoint Brightman Almagor Zohar & Co. as independent registered public accountants.
- The Annual General Meeting of Shareholders is scheduled for July 2, 2026.
- The record date for shareholders entitled to vote is May 26, 2026.
Price Impact
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