Max Stock CEO's Salary to Jump 50% to $2.1 Million Annually

Uri Max, founder and CEO of the discount retail chain Max Stock, will see his annual salary increase by over 50%, effective October. The company's shareholders approved the updated compensation package, which had remained unchanged for the past three years. To facilitate this adjustment, shareholders re-approved the company's remuneration policy, initially adopted last year.

Max's monthly management fees will rise by 30.8% to NIS 280,000 (approximately $75,000), up from the current NIS 214,000. Additionally, the net profit thresholds for his annual bonus have been updated. If the company achieves an annual net profit between NIS 130 million and NIS 150 million (approximately $35 million to $40 million), Max will receive a bonus equivalent to 8 to 12 months of his management fees.

He will also be granted options and restricted stock valued at NIS 5.2 million (approximately $1.4 million). Consequently, his total annual compensation will increase by 51.8% to NIS 7.8 million (approximately $2.1 million), compared to NIS 5.14 million (approximately $1.4 million) in 2025.

Max holds a 16.5% stake in Max Stock, which has a market capitalization of NIS 4.8 billion (approximately $1.3 billion), making his shares worth about NIS 800 million (approximately $215 million). The company operates 65 discount stores.

In the second quarter of the year, Max Stock reported a revenue increase of approximately 13% to NIS 379 million (approximately $102 million). Gross profit rose by 21.3% to about NIS 178 million (approximately $48 million), with its margin improving to 47.1% from 43.8% in the same period last year. The company's net profit for the second quarter grew by 35.7% to NIS 32.6 million (approximately $8.8 million).