Blog Resource Center Case Studies. Partner Programs Become a Partner. Contact Us. Press Releases. Home Press Releases. Read More. Magic Software to Announce Second Quarter Financial Results on August 12, Or Yehuda, Israel July 19, a global provider of end-to-end integration and low-code application development platforms and IT consulting services, announced today that it will report its financial results for the second quarter of on Thursday , August 12, Magic Software Releases Magic xpa 4.
Announcement of proposed private placement of Ordinary Shares to several leading Israeli institutional investors and Formula Systems Ltd. Westbrook partners with Magic Software to provide leading edge Salesforce integration capability London May 16, Westbrook, a highly regarded Salesforce Platinum Implementation Partner today announces a strategic partnership with Magic Software Enterprises, a global provider of integration and application platforms. Axiz adds Magic to its software portfolio October 2, Read More.
Eastern Daylight Time. Assa Abloy Implements Industry 4. Magic To Open St. Magic Software Benelux and Tymlez Partner on End-to-End Blockchain Applications The Hague, Netherlands December 19, Tymlez and Magic Benelux have agreed to cooperate and collaborate in developing complete automated blockchain architectures for enterprises and to explore other potential mutually-beneficial blockchain-related scenarios. Magic Software Launches Magic xpa 3.
Koatsu Gas Kogyo Co. Magic Software Announces New salesforce. Magic Software and nefos win salesforce. Magic Software Joins the Salesforce. This Proxy Statement, the attached Notice of Annual General Meeting and the enclosed proxy card are being mailed to shareholders on or about December 16, At the Meeting, shareholders will be asked to vote upon the following matters: i to elect three directors for terms expiring at our Annual General Meeting of Shareholders; ii to re-elect Mr.
Only holders of record of our ordinary shares, par value of NIS 0. As of December 9, , there were 49,, outstanding ordinary shares. If your shares are registered directly in your name with our transfer agent i. If you are a beneficial owner of shares registered in the name of your broker, bank, trustee or nominee i.
You may submit your proxy by mail by completing, signing and mailing the enclosed proxy card in the enclosed, postage-paid envelope, or, for shares held in street name, by following the voting instructions provided by your broker, bank trustee or nominee. If directions are not given or directions are not in accordance with the options listed on a proxy card, such shares will be voted FOR the nominees for director and each proposal for which the Board of Directors recommends a vote FOR.
Shareholders in "Street Name" whose shares are held through Members of the TASE may also vote their shares electronically via the electronic voting system of the Israel Securities Authority, which vote shall be cast no later than January20, at a. Israeli time 6 hours before the Meeting time.
You may receive guidance on the use of the electronic voting system from the TASE member through which you hold your shares. If voting by virtue of a "legal proxy" or by mail, the proxy must be received by our transfer agent or at our registered office in Israel at least 72 hours prior to the designated time for the Meeting to be validly included in the tally of ordinary shares voted at the Meeting.
If you are a registered shareholder, you may change your vote at any time prior to the exercise of authority granted in the proxy by delivering a written notice of revocation to our Corporate Secretary, by granting a new proxy bearing a later date, or by attending the Meeting and voting in person.
Attendance at the Meeting will not cause your previously granted proxy to be revoked unless you specifically so request. If your shares are held in "Street Name," you may change your vote by submitting new voting instructions to your broker, bank, trustee or nominee or, if you have obtained a legal proxy from your broker, bank, trustee or nominee giving you the right to vote your shares, by attending the Meeting and voting in person.
Shareholders are permitted to express their position on the proposals to be voted on at the Meeting by submitting a written statement, through the company, to the other shareholders a "Position Statement". Position Statements should be submitted to our company at our registered offices.
Position Statements should be submitted no later than January 10, A shareholder is entitled to contact us directly and receive the text of the proxy card and any Position Statement. A quorum of shareholders is necessary to transact business at the Meeting.
The presence of two shareholders, holding at least one-third of our voting rights, represented in person or by proxy at the Meeting, will constitute a quorum. If there is not a legal quorum within half an hour of the scheduled time of the Meeting, the Meeting will be adjourned to the same day in the following week at the same time and place or to any other time and place as the chairman of the board of directors may determine with the consent of a majority of the voting power represented at the Meeting, in person or by proxy, and voting on the question of adjournment.
At the reconvened Meeting, the presence of at least two shareholders, represented in person or by proxy, will constitute a quorum. This notice shall serve as notice of such reconvened meeting if no quorum is present at the original date and time and no further notice of the reconvened meeting will be given to shareholders. Abstentions and broker non-votes will be counted towards the quorum.
Generally, broker non-votes occur when shares held by a broker for a beneficial owner are not voted with respect to a particular proposal because i the broker has not received voting instructions from the beneficial owner and ii the broker lacks discretionary voting power to vote such shares. Unsigned or unreturned proxies, including those not returned by banks, brokers, or other record holders, will not be counted for quorum or voting purposes. Each ordinary share entitles the holder to one vote.
An affirmative vote of the holders of a majority of the ordinary shares represented at the Meeting, in person or by proxy, entitled to vote and voting thereon, is required to approve each of the proposals, unless otherwise stated in the proposal. In tabulating the voting results for any particular proposal, shares that constitute broker non-votes and abstentions are not considered votes cast on that proposal. Thus, broker non-votes will not affect the outcome of any of the matters being voted on at the Annual Meeting.
Unsigned or unreturned proxies, including those not returned by banks, brokers, or other record holders, will not be counted for voting purposes. We have received indications from our principal shareholder, Formula Systems Ltd. We will bear the cost of soliciting proxies from our shareholders. Proxies will be solicited by mail and may also be solicited in person, by telephone or electronic communication, by our directors, officers and employees.
We will reimburse brokerage houses and other custodians, nominees and fiduciaries for their expenses in accordance with the regulations of the Securities and Exchange Commission, or the SEC, concerning the sending of proxies and proxy material to the beneficial owners of our shares. Number of Ordinary Shares Beneficially Owned 1. Ordinary shares relating to options currently exercisable or exercisable within 60 days of the date of this table are deemed outstanding for computing the percentage of the person holding such securities but are not deemed outstanding for computing the percentage of any other person.
Except as indicated by footnote, and subject to community property laws where applicable, the persons named in the table above have sole voting and investment power with respect to all shares shown as beneficially owned by them. As such, Asseco may be deemed to be the beneficial owner of the aggregate 22,, ordinary shares held directly by Formula Systems.
Guy Bernstein owns In addition, both Guy Bernstein and Asseco reported on October 11, , that they entered into a shareholders' voting agreement that covers all the ordinary.
Under the shareholders' voting agreement, under which agreement Asseco has been granted an irrecoverable proxy to vote an additional 1,, Ordinary Shares of Formula, thereby effectively giving Asseco beneficial ownership voting power over an aggregate of 5,, of Formula's Ordinary Shares. The initial proxy under the shareholders voting agreement is Mr. Marek Panek. The address of Asseco is Rzeszow, ul. Olchowa 14, Poland.
Harel Insurance is a publicly held Israeli corporation. Clal is a publicly held Israeli corporation. For information relating to the compensation of our five most highly compensated office holders during or with respect to the year ended December 31, , please see "Item 6.
Directors, Senior Management and Employees - B. Our articles of association provide for a board of directors consisting of no less than three and no more than 11 members or such other number as may be determined from time to time at a general meeting of shareholders.
Our board of directors is currently composed of three directors, and two external directors. Pursuant to our articles of association, our directors, who are not external directors, are elected at our annual general meetings of shareholders, which are required to be held at least once during every calendar year and not more than 15 months after the last preceding meeting.
Except for our external directors as described below , our directors are elected by a vote of the holders of a majority of the voting power represented and voting at such meeting and hold office until the next annual meeting of shareholders following the annual meeting at which they were appointed. Directors other than external directors may be removed earlier from office by resolution passed at a general meeting of our shareholders.
Our board of directors may temporarily fill vacancies on the board until the next annual meeting of shareholders, provided that the total number of directors does not exceed the maximum number permitted under our articles of association. We are exempt from the NASDAQ Stock Market Rules' requirement regarding the process for the nomination of directors; instead, we follow Israeli law and practice in accordance with which directors are elected by the shareholders, unless otherwise provided in a company's articles of association.
Our articles of association do not provide otherwise. Our practice has been that our director nominees are presented in our proxy statement for election at our annual meetings of shareholders. At the Meeting, shareholders are being asked to elect three directors, who are not external directors, to hold office until our next Annual General Meeting of Shareholders or until their successors are elected and qualified.
All of the nominees, Mr. Avi Zakay, are current directors who were elected to serve in such capacity by our shareholders at our Annual General Meeting of Shareholders.
Such declarations are available for review at our registered office. If re-elected at the Meeting, we will pay each of Ms. Salomon and Mr. Zakay compensation in the amount equal to the amount paid to our external directors, as provided in the regulations adopted under the Israeli Companies Law. Bernstein does not receive any compensation for his role as a director.
Set forth below is information about each nominee, including age, position s held with our company, principal occupation, business history and other directorships held. Guy Bernstein 53 has served as our chief executive officer since April and has served as a director of our company since January and served as the chairman of our board of directors from April to April Bernstein has served as the chief executive officer of Formula Systems, our parent company, since January From December to November , Mr.
Bernstein served as a director and the chief executive officer of Emblaze Ltd. Bernstein also serves as the chairman of the board of directors of Sapiens International Corporation N. From April to December , Mr. Bernstein served as the chief financial officer of Emblaze and he has served as a director of Emblaze since April Prior to that and from , Mr. Bernstein served as our chief financial and operations officer. Prior to joining our company, Mr. Bernstein holds a B. Naamit Salomon 57 has served as director of our company since March Since January , Ms.
Salomon has served as a partner in an investment company. Salomon also serves as a director of Sapiens, which is part of the Formula group. Salomon served as the chief financial officer of Formula Systems from August until December From through August , Ms. Salomon served as the controller of two large privately held companies in the Formula group. Salomon holds a B. Avi Zakay 43 has served as director of our company since February Zakay has been the sales manager of the Volkswagen dealership and showroom in Rishon Letzion Champion Motors since Zakay holds a B.
For details about beneficial ownership of our shares held by any of these nominees, see above under the title "Security Ownership of Certain Beneficial Owners and Management. Under the Israeli Companies Law, the affirmative vote of the holders of a majority of the ordinary shares represented at the Meeting, in person or by proxy, entitled to vote and voting on the matter, is required to elect as directors the nominees named above.
Prior to that, Mr. Ettlinger was the owner and general manager of Universal Ltd. Ettlinger is the founder and since July has served as chief executive officer of Nippon Lights Ltd. Ettlinger holds a B.
Naamit Salomon has served as director of our company since March Since January , Ms. Salomon has served as a partner in an investment company. Salomon also serves as a director of Sapiens, which is part of the Formula group. Salomon served as the chief financial officer of Formula Systems from August until December From through August , Ms. Salomon served as the controller of two large privately held companies in the Formula group.
Salomon holds a B. Avi Zakay is serving as director of our company since February Zakay holds a B. Business Solutions Industry 4. Blog Resource Center Case Studies. Partner Programs Become a Partner. Contact Us. Management Team. Sagi Schliesser External Director.
0コメント