6-K
Foreign issuer report
✓ VerifiedGilat replaced Annex B of its 2026 proxy with a revised Executive and Director Compensation Policy reflecting investor feedback, ahead of the September 8, 2026 Annual General Meeting; the meeting and August 10, 2026 record date are unchanged.
Filed Aug 31, 2026 · 11:00 ET
Summary
- On August 31, 2026, Gilat furnished a Form 6-K replacing the Compensation Policy for Executive Officers previously attached as Annex B to the Proxy Statement with a revised version filed as Exhibit 99.1.
- The revised policy reflects changes made in response to feedback received from investors, shown in comparison to the Company's current effective Compensation Policy.
- The Annual General Meeting date of September 8, 2026 at 12:00 p.m. Israel time and the record date of August 10, 2026 remain unchanged, and previously submitted proxy cards remain valid.
- The revised policy caps the base salary of the CEO, Executive Director, and Chairman of the Board at NIS 170,000 per month, and other Executives at NIS 120,000 per month.
- The aggregate Annual Bonuses to all Executives for a fiscal year shall not exceed 15% of the operating profit for such year, and directors and officers liability insurance coverage shall not exceed $60 million.
- The value of Equity-Based Compensation granted to Non-Executive Directors vesting in a calendar year shall not exceed US$150,000 at the time of grant, with vesting over a period of at least three years.
Key facts
- Meeting date
- September 8, 2026
From the filing for Meeting date
“The date and time of the Meeting (September 8, 2026) and the record date (August 10, 2026) remain unchanged.”
- Record date
- August 10, 2026
From the filing for Record date
“the record date (August 10, 2026) remain unchanged”
- Replaced exhibit
- Exhibit 99.1 (Revised Proposed Policy)
From the filing for Replaced exhibit
“being replaced with the revised Compensation Policy for Executive Officers attached hereto as Exhibit 99.1”
- Annual bonus cap
- 15% of the operating profit
From the filing for Annual bonus cap
“granted to all of the Executives with respect to a specific fiscal year shall not exceed 15% of the operating profit for such year”
- D&O insurance coverage cap
- $60 million
From the filing for D&O insurance coverage cap
“The maximum coverage of such insurance shall be in amounts as determined by the Board and shall not exceed $40 million $60 million .”
- Director equity cap per year
- US$150,000
From the filing for Director equity cap per year
“vesting in any calendar year (calculated on a linear basis) shall not exceed at the time of grant US$70,000 US$150,000 .”
- Equity vesting period
- at least 3 years
From the filing for Equity vesting period
“Equity-Based Compensation granted to Executives shall vest over a period of at least 3 years.”
- Policy term
- three years
From the filing for Policy term
“The term of this Policy shall be three years as of the date of its adoption.”
Why it mattersThe revised compensation policy sets new caps on executive pay, bonuses, equity, and insurance that shareholders will vote on at the September 8, 2026 meeting. Investor feedback prompted the changes to the previously proposed terms.
- Filed
- Aug 31, 2026
- Accepted
- 2026-08-31 15:00Z
- Period
- Aug 31, 2026
- Accession no.
- 0001178913-26-004336
- Size
- 88 KB
- Index
- Filing index