Silicom (SILC) has released an update.
Silicom Ltd. recently held their Annual General Meeting, during which shareholders re-elected two board members and approved several key resolutions, including the issuance of Restricted Stock Units and options under the company’s Global Share Incentive Plan. However, a proposal to grant options to the CEO was initially rejected by shareholders, but later approved by the company’s Compensation Committee and Board of Directors after a thorough review, overriding the shareholders’ decision. This move, grounded in Israeli law allowing for such an override in special circumstances, reflects the company’s determination to proceed with their executive compensation strategy.
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