Welcome to our dedicated page for Formula Systems SEC filings (Ticker: FORTY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Formula Systems (1985) Ltd. filings document financial results, annual reporting, governance votes, and material events for a foreign private issuer with an information technology holding-company structure. Form 6-K reports furnish quarterly and annual results releases, while Form 20-F annual reporting includes audited financial statements and business disclosures.
Proxy-related filings record shareholder meeting notices, ordinary shares represented by ADSs, and external director matters under Israeli Companies Law. Other disclosures cover dividends, secured and non-convertible debenture matters, covenant information, capital structure, and ownership changes involving Sapiens.
Formula Systems (1985) Ltd. has called its 2026 annual general meeting of shareholders for 2:00 p.m. (Israel time) on July 20, 2026 at its offices in Or Yehuda, Israel. Holders of ordinary shares, including those represented by ADSs, at the June 17, 2026 record date may vote.
Shareholders will vote on re-electing five non-external directors and on re-appointing Ziv Haft Certified Public Accountants, a member firm of BDO International Limited, as independent auditors for the year ending December 31, 2026 and until the next annual meeting, with their compensation set by the board and audit committee.
The audited consolidated financial statements for the year ended December 31, 2025 will be presented for discussion only. As of June 1, 2026, Formula Systems had 15,334,667 ordinary shares outstanding, with significant holdings including Asseco Poland S.A. at 3,958,154 shares, or 25.8% of the company.
Meitav Investment House Ltd reports beneficial ownership of 760,367 ordinary shares of Formula Systems (1985) Ltd, equal to 4.96% of the class as of June 04, 2026. The filing states total shares outstanding were 15,334,667 as of that date. The interests are held across subsidiaries and client accounts; the filing discloses per-subsidiary holdings of 264,872, 335,935, and 159,560 shares and notes that subsidiaries operate under independent management.
Formula Systems (1985) Ltd. reported a strong first quarter of 2026, with revenue rising 19.2% year over year to $738.3 million, a first‑quarter record. Net income attributable to shareholders jumped 84.5% to $35.6 million, driving basic earnings per share up to 2.33 from 1.26.
Operating income increased to $82.0 million, helped by higher gross profit and $16.8 million of other income, while financial expenses declined. As of March 31, 2026, total assets were $3.64 billion, equity was $1.82 billion, and the company remained in compliance with all debenture covenants.
Key subsidiaries also showed momentum. Matrix’s first quarter revenues reached approximately NIS 2.13 billion with improved operating margin, Michpal Technologies grew revenue and nearly doubled adjusted net income, and TSG delivered record quarterly revenues of NIS 120.7 million and completed additional capital raises and acquisitions.
Formula Systems (1985) Ltd. is distributing a one-time special cash dividend of $13.045 per share, totaling approximately $200 million, based on its 2025 results and the completion of Advent’s acquisition of Sapiens. The board approved this after reviewing the company’s liquidity and capital needs.
The dividend will be paid on June 4, 2026 to shareholders of record at the close of trading on May 25, 2026 on Nasdaq or the Tel-Aviv Stock Exchange. It will be paid in U.S. dollars for both ordinary shares and American Depositary Receipts. Under Israeli law, the dividend is subject to withholding tax of 30% for holders of 10% or more of the share capital and 25% for other shareholders, subject to exemptions.
Formula Systems (1985) Ltd. files its annual Form 20-F, outlining major structural changes and extensive acquisition activity. During 2025, subsidiary Sapiens was sold to Advent for cash, with Formula retaining an indirect 18.68% minority stake; Sapiens’ 2023–2025 results are now shown as discontinued operations. The report also describes a February 2026 all‑stock merger of Matrix and Magic Software, treated as a business combination under common control using pooling of interests, affecting future Matrix reporting but not Formula’s 2025 consolidated figures.
Management details an aggressive M&A strategy across Magic Software, Matrix, Michpal, TSG Systems and Formula Infrastructure, with numerous majority-stake deals in Israel, the U.S. and other markets. The filing emphasizes risks from integration complexity, long and uncertain sales and development cycles, macroeconomic and FX pressures, intense competition, rapid technology shifts including AI and cloud, reliance on key customers, and tightening global privacy and cybersecurity regulations such as GDPR, CCPA and new Israeli data and cyber laws.
Harel Insurance Investments & Financial Services Ltd. filed an Amendment No. 7 to a Schedule 13G/A reporting beneficial ownership in Formula Systems (1985) Ltd. The Reporting Person states beneficial ownership of 919,456 Ordinary Shares (American Depositary Shares), representing 6.0% of the class based on 15,332,667 Ordinary Shares issued and outstanding as of June 30, 2025. The filing discloses shared voting power of 913,042 and that 912,598 shares are held for public clients managed by subsidiaries.
FORMULA SYSTEMS (1985) LTD CEO Guy Bernstein filed an initial ownership report showing his direct stake in the company. He holds 1,797,973 Ordinary Shares and 611,771 RSUs, each RSU linked to one Ordinary Share at an exercise price of $1.00 and expiring on December 31, 2027.
FORMULA SYSTEMS (1985) LTD filed an initial insider ownership report for its CFO, Asaf Berenstin. The filing shows that he holds 31,833 Ordinary Shares of the company directly as of March 18, 2026. This Form 3 establishes his baseline equity position as an executive officer.
FORMULA SYSTEMS (1985) LTD director Rafal Marek Kozlowski filed a Form 3, which is an initial statement of beneficial ownership for company insiders. The filing identifies him as a director but does not report any stock transactions or option exercises at this time.
FORMULA SYSTEMS (1985) LTD director Marek Pawel Panek filed an initial Form 3, which is a required ownership report for insiders. This filing does not list any share transactions, exercises, gifts, or holdings, and serves only to register his status as a reporting person.