Max Stock Proposes 51% Raise for CEO Uri Max to 7.8 Million Shekels

Max Stock has called a shareholders meeting to approve a 51% increase in the annual compensation of its CEO and founder, Uri Max, raising it to 7.77 million shekels per year. The company's board approved changes to the compensation policy and Max's terms, who owns 16.5% of the company, aiming to incentivize continued value growth for the company and its shareholders. The proposal includes a 40% increase in monthly management fees to 280,000 shekels, a 30% rise compared to the current fees, and an annual bonus of 8 to 12 months' management fees contingent on achieving a net profit target between 130 and 150 million shekels. In the first half of the year, the company reported a net profit of 86 million shekels, suggesting the bonus targets are attainable.

Additionally, the company seeks approval for equity compensation worth 5.2 million shekels, split evenly between 168,239 options and 114,876 restricted shares. If approved, Max's total annual compensation would reach 7.8 million shekels, comprising 3.4 million in management fees, 3.4 million in bonuses, and 1 million in equity compensation. This compares to his 2025 compensation of 5.14 million shekels, which included 2.6 million in management fees and 2.5 million in bonuses.

Earlier today, Max Stock released its Q2 results, reporting a 12.7% increase in sales to approximately 380 million shekels. The company also saw a significant improvement in gross and operating profitability due to a decline in the dollar exchange rate, alongside a 35.7% jump in net profit attributable to shareholders, totaling 32.6 million shekels. Max Stock announced a dividend distribution of 50 million shekels.