Max Stock Limited Announces Disclosure of an interested party transaction - Employment of Mr. Ori Max's son
Max Stock Limited (TASE: MAXO), Israel's leading extreme value retailer, has announced the approval of an interested party transaction involving the employment of Eliad Max, son of CEO Ori Max. The company's remuneration committee and board of directors approved the employment terms on August 10 and 13, 2025, respectively.
Eliad Max will serve in a junior management reserve role at a subsidiary branch. His compensation includes an hourly wage comparable to similar positions, plus social benefits, with total monthly remuneration not exceeding market average. The part-time position accommodates his status as a student.
Max Stock Limited (TASE: MAXO), il principale retailer israeliano di "extreme value", ha comunicato l'approvazione di un'operazione con parte correlata relativa all'assunzione di Eliad Max, figlio dell'amministratore delegato Ori Max. La commissione per le remunerazioni e il consiglio di amministrazione hanno approvato le condizioni di impiego rispettivamente il 10 e il 13 agosto 2025.
Eliad Max ricoprir脿 un ruolo di riserva nel management junior presso una filiale. La sua retribuzione comprender脿 una paga oraria in linea con posizioni analoghe, oltre agli oneri sociali; il compenso mensile complessivo non superer脿 la media di mercato. La posizione part-time 猫 compatibile con il suo status di studente.
Max Stock Limited (TASE: MAXO), el principal minorista israel铆 de "extreme value", ha anunciado la aprobaci贸n de una operaci贸n con parte vinculada relativa al empleo de Eliad Max, hijo del consejero delegado Ori Max. El comit茅 de retribuciones y el consejo de administraci贸n aprobaron las condiciones de empleo el 10 y 13 de agosto de 2025, respectivamente.
Eliad Max ocupar谩 un puesto en la reserva de la direcci贸n junior en una filial. Su remuneraci贸n incluye un salario por hora comparable al de puestos similares, adem谩s de las prestaciones sociales; la retribuci贸n mensual total no superar谩 la media del mercado. El puesto a tiempo parcial se adapta a su condici贸n de estudiante.
Max Stock Limited (TASE: MAXO), 鞚挫姢霛检棙鞚� 靹犽弰鞝侅澑 鞚奠姢韸鸽 氚鸽 靻岆Г鞐呾泊電� 斓滉碃瓴届榿鞛� 鞓るΜ 毵レ姢鞚� 鞎勲摛鞚� Eliad Max鞚� 瓿犾毄瓿� 甏�霠暅 韸轨垬甏�瓿勳澑 瓯半灅 鞀轨澑鞚� 氚滍憸頄堨姷雼堧嫟. 須岇偓鞚� 氤挫垬鞙勳洂須岇檧 鞚挫偓須岆姅 臧侁皝 2025雲� 8鞗� 10鞚缄臣 13鞚�鞐� 瓿犾毄 臁瓣贝鞚� 鞀轨澑頄堨姷雼堧嫟.
Eliad Max電� 鞛愴殞靷� 歆�鞝愳棎靹� 欤茧媹鞏� 瓴届榿歆� 鞓堧箘歆�鞙茧 攴茧頃� 鞓堨爼鞛呺媹雼�. 氤挫垬電� 鞙犾偓 歆侅眳鞚� 鞁滉笁瓿� 靷殞氤错棙 霌� 氤惦Μ頉勳儩鞚� 韽暔頃橂┌, 鞗� 齑� 氤挫垬電� 鞁滌灔 韽夑窢鞚� 雱橃 鞎婌姷雼堧嫟. 頃措嫻 韺岉姼韮�鞛� 歆侅渼電� 攴胳潣 頃欖儩 鞁犽秳鞚� 瓿犽牑頃橃棳 臁办爼霅橃棃鞀惦媹雼�.
Max Stock Limited (TASE: MAXO), principal distributeur isra茅lien 芦 extreme value 禄, a annonc茅 l'approbation d'une op茅ration avec une partie li茅e concernant l'embauche de Eliad Max, fils du PDG Ori Max. Le comit茅 des r茅mun茅rations et le conseil d'administration ont approuv茅 les conditions d'emploi respectivement les 10 et 13 ao没t 2025.
Eliad Max occupera un poste de r茅serve au sein de la direction junior dans une filiale. Sa r茅mun茅ration comprendra un salaire horaire similaire 脿 celui d'emplois comparables, ainsi que des avantages sociaux ; la r茅mun茅ration mensuelle totale ne d茅passera pas la moyenne du march茅. Le poste 脿 temps partiel tient compte de son statut d'茅tudiant.
Max Stock Limited (TASE: MAXO), Israels f眉hrender "extreme value"-Einzelh盲ndler, hat die Genehmigung einer Transaktion mit einer verbundenen Partei im Zusammenhang mit der Einstellung von Eliad Max, dem Sohn des CEO Ori Max, bekanntgegeben. Der Verg眉tungsausschuss genehmigte die Anstellungsbedingungen am 10. August 2025, der Vorstand am 13. August 2025.
Eliad Max wird in einer Tochtergesellschaft eine Reserveposition im Junior-Management 眉bernehmen. Seine Verg眉tung umfasst einen stundenweisen Lohn, der mit vergleichbaren Positionen 眉bereinstimmt, zuz眉glich Sozialleistungen; die monatliche Gesamtverg眉tung wird den Marktdurchschnitt nicht 眉berschreiten. Die Teilzeitstelle ber眉cksichtigt seinen Studentenstatus.
- None.
- Employment of CEO's family members could raise corporate governance concerns
- Potential conflict of interest in related-party transaction
The Company hereby announces that on August 10 and 13, 2025, the Company's remuneration committee and board of directors, respectively, approved the terms of employment of Mr. Eliad Max, the son of Mr. Ori Max, the Company's CEO and one of its controlling shareholders, in accordance with the provisions of Regulation 1B(a)(4) of the Companies Regulations (Reliefs for Interested Party Transactions), 2000 (the "Relief Regulations").
Mr. Eliad Max will be employed in a junior management reserve role at a branch operated by a subsidiary, and shall be entitled to an hourly wage as customary in the Company with respect to employees holding similar positions, as well as social benefits in accordance with applicable law, subject to the total monthly remuneration paid to Mr. Eliad Max not exceeding the average monthly salary in the market, as it may be from time to time. Due to him being a student, Mr. Eliad Max is not anticipated to be engaged in a full-time position.
The remuneration committee and the board of directors examined and found that Mr. Eliad Max's salary does not exceed the average monthly salary in the market under the proposed scope of engagement, and even if he is to be engaged in a full-time position (including overtime) his salary will not exceed the average salary in the market, and is reasonable in light of the scope of employment, the nature of the role and his skills in performing the role. Additionally, according to Regulation 1B(a)(4) of the Relief Regulations, not more than two people will serve or be employed at the Company under this regulation at the same time. As of the date of this report, only one other employee is employed at another subsidiary under this regulation (Mr. Ori Max's sister), in a manner consistent with the regulation.
This is an English translation of segments of a Hebrew immediate report published on August 14, 2025 (hereinafter: the "Hebrew Version"). This English version is only for convenience purposes. This is not an official translation and has no binding force. Whilst reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.
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FAQ
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