Compensation Policy for Office Holders

  • Or Yehuda, Israel
  • February 23, 2021


On January 19, 2021, Magic Software Enterprises Ltd. (the “Company”) filed a report on Form 6-K with the U.S. Securities and Exchange Commission to report that the Company would convene a General Meeting of Shareholders on February 25, 2021 (the “Meeting”). Attached to such report was a notice of meeting and proxy statement (the “Proxy Statement”), which included among its proposals the approval of the compensation policy governing the Company’s compensation to its office holders, as required under Israeli law every three years. Following such report, Entropy Financial Research Services Ltd. and Emda Economic Research & Consulting Ltd., proxy advisory companies that publish guidelines for Israeli institutional investors as to the manner of voting at general meetings, approached the Company with certain comments to the Proxy Statement.

Accordingly, the Company wishes to revise the compensation policy, subject of Proposal No. 4 in the Proxy Statement, and the revised policy is attached hereto, marked to show revisions to the originally proposed policy.



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


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