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 ricoprirà un ruolo di riserva nel management junior presso una filiale. La sua retribuzione comprenderà una paga oraria in linea con posizioni analoghe, oltre agli oneri sociali; il compenso mensile complessivo non supererà la media di mercato. La posizione part-time è compatibile con il suo status di studente.
Max Stock Limited (TASE: MAXO), el principal minorista israelí de "extreme value", ha anunciado la aprobación de una operación con parte vinculada relativa al empleo de Eliad Max, hijo del consejero delegado Ori Max. El comité de retribuciones y el consejo de administración aprobaron las condiciones de empleo el 10 y 13 de agosto de 2025, respectivamente.
Eliad Max ocupará un puesto en la reserva de la dirección junior en una filial. Su remuneración incluye un salario por hora comparable al de puestos similares, además de las prestaciones sociales; la retribución mensual total no superará la media del mercado. El puesto a tiempo parcial se adapta a su condición de estudiante.
Max Stock Limited (TASE: MAXO), 이스라엘의 선도적인 익스트림 밸류 소매업체는 최고경영자 오리 맥스의 아들인 Eliad Max의 고용과 관련한 특수관계인 거래 승인을 발표했습니다. 회사의 보수위원회와 이사회는 각각 2025년 8월 10일과 13일에 고용 조건을 승인했습니다.
Eliad Max는 자회사 지점에서 주니어 경영진 예비직으로 근무할 예정입니다. 보수는 유사 직책의 시급과 사회보험 등 복리후생을 포함하며, 월 총 보수는 시장 평균을 넘지 않습니다. 해당 파트타임 직위는 그의 학생 신분을 고려하여 조정되었습니다.
Max Stock Limited (TASE: MAXO), principal distributeur israélien « extreme value », a annoncé l'approbation d'une opération avec une partie liée concernant l'embauche de Eliad Max, fils du PDG Ori Max. Le comité des rémunérations et le conseil d'administration ont approuvé les conditions d'emploi respectivement les 10 et 13 août 2025.
Eliad Max occupera un poste de réserve au sein de la direction junior dans une filiale. Sa rémunération comprendra un salaire horaire similaire à celui d'emplois comparables, ainsi que des avantages sociaux ; la rémunération mensuelle totale ne dépassera pas la moyenne du marché. Le poste à temps partiel tient compte de son statut d'étudiant.
Max Stock Limited (TASE: MAXO), Israels führender "extreme value"-Einzelhändler, 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 Vergütungsausschuss genehmigte die Anstellungsbedingungen am 10. August 2025, der Vorstand am 13. August 2025.
Eliad Max wird in einer Tochtergesellschaft eine Reserveposition im Junior-Management übernehmen. Seine Vergütung umfasst einen stundenweisen Lohn, der mit vergleichbaren Positionen übereinstimmt, zuzüglich Sozialleistungen; die monatliche Gesamtvergütung wird den Marktdurchschnitt nicht überschreiten. Die Teilzeitstelle berücksichtigt 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.
About Max Stock Max Stock is
Company Contacts:
Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il
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SOURCE Max Stock Limited
FAQ
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