Print Page  Close Window

SEC Filings
6-K
ELBIT SYSTEMS LTD filed this Form 6-K on 03/01/2018
Entire Document
 << Previous Page | Next Page >>

shareholders or, to the extent not so approved, by the Compensation Committee and the Board, as set forth in Item 1 of this Proxy Statement).
In approving the grant of the PO Options to the Company's CEO, the Compensation Committee and the Board considered, among other factors, that PO has granted options under the PO ESOP to other directors of PO, as is customary in start-up companies such as PO, as well as that pursuant to the New Compensation Policy the grant of options in new start-up companies established by the Company to the Company's Executive Officer is allowed, subject to the approval of the Compensation Committee and the Board, in order to incentivize the Company's Executive Officers over the long term with regards to their activities in connection with such start-up companies. The Compensation Committee and the Board emphasized in their respective approvals that the growth of PO is in the interest and benefit of the Company.
In accordance with the Companies Law, the granting of the PO Options to the Company's CEO requires the approval of the Company's shareholders by a Special Uninterested Majority. In the event the grant of the PO Options to the Company's CEO is not so approved by the shareholders, the Board may nonetheless approve it, provided that the Compensation Committee and the Board, following further discussion of the matter and for specified reasons, determine that the approval of the grant of the PO Options to the Company's CEO is in the best interests of the Company.
At the Meeting, the Board will propose that the following resolution be adopted:
RESOLVED, that the granting by PO of the PO Options to the Company's CEO under the PO ESOP, all as described in Item 3 of the Proxy Statement, is approved”.
The Board of Directors recommends a vote FOR approval of this resolution.


By Order of the Board






By Order of the Board
http://api.tenkwizard.com/cgi/image?quest=1&rid=23&ipage=12096486&doc=8
MICHAEL FEDERMANN
Chair of the Board of Directors

http://api.tenkwizard.com/cgi/image?quest=1&rid=23&ipage=12096486&doc=7
BEZHALEL MACHLIS
President and Chief Executive Officer

Date: March 1, 2018
 
 



 << Previous Page | Next Page >>