Formula Systems (1985) (NASDAQ: FORTY) reports 2026 annual meeting
Rhea-AI Filing Summary
Formula Systems (1985) Ltd. reported that it held its 2026 annual general meeting of shareholders on July 20, 2026 at its offices on Yahadut Canada Street in Or Yehuda, Israel. Shareholders, including holders of ordinary shares represented by American Depositary Shares, were present in person or by proxy, establishing a quorum.
Eight proposals, described as Proposals 1 through 8 in the company’s June 15, 2026 notice and proxy statement, were presented for shareholder vote in accordance with the Israeli Companies Law, 5759-1999, with outcomes determined based on the requisite majorities for each proposal.
Positive
- None.
Negative
- None.
Key Figures
Annual general meeting date: July 20, 2026
Notice and proxy statement date: June 15, 2026
Number of proposals: 8 proposals
3 metrics
Annual general meeting date
July 20, 2026
Date of the 2026 annual general meeting of shareholders
Notice and proxy statement date
June 15, 2026
Date the notice and proxy statement for the 2026 meeting were furnished
Number of proposals
8 proposals
Proposals 1 through 8 presented for shareholder vote at the 2026 meeting
Key Terms
Report of Foreign Private Issuer, Form 6-K, American Depositary Shares, Israeli Companies Law, 5759-1999, +1 more
5 terms
Report of Foreign Private Issuer regulatory
"FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16"
A report of a foreign private issuer is a formal filing that a non‑U.S. company makes to U.S. regulators to share important business, financial, or governance information with American investors. Think of it as a regular update or press packet that keeps investors informed about events that could change a company’s value—like earnings, management changes, contracts, or regulatory developments—so investors can make timely, informed decisions.
Form 6-K regulatory
"attached as Exhibit 99.1 to a Report of Foreign Private Issuer on Form 6-K"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
Israeli Companies Law, 5759-1999 regulatory
"based on the requisite majorities for approval under the Israeli Companies Law, 5759-1999"
quorum regulatory
"holders of outstanding ordinary shares constituting a quorum"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Formula Systems (FORTY) report in its July 2026 Form 6-K?
Formula Systems reported that it held its 2026 annual general meeting on July 20, 2026 at its Or Yehuda, Israel offices. Shareholders established a quorum and voted on eight proposals described in the June 15, 2026 notice and proxy statement.
How many proposals were presented at Formula Systems’ (FORTY) 2026 annual meeting?
Formula Systems states that eight proposals, referred to as Proposals 1 through 8, were presented at the 2026 annual meeting. These proposals were described in detail in the June 15, 2026 notice and proxy statement previously provided to shareholders.