Formula Systems (FORTY) shareholders back two external directors for 3-year terms

Rhea-AI Filing Summary

Formula Systems (1985) Ltd. reported the results of its 2025 special general meeting of shareholders held at its offices in Or Yehuda, Israel. Shareholders voted on two proposals related to the election of external directors under the Israeli Companies Law.

Shareholders approved the election of Ilan Regev as an external director for a three-year term, including approval of his compensation terms. The filing notes that 13,859,342 shares were present at the meeting, with 13,852,342 voting in favor of his appointment, including 9,894,188 votes from holders who are not controlling shareholders and do not have a conflict of interest; 6,999 voted against and 1 abstained.

Shareholders also approved the election of Amir Hillman as an external director for a three-year term, with the same vote breakdown: 13,852,342 in favor (including 9,894,188 non-controlling, non-conflicted votes), 6,999 against and 1 abstention, out of 13,859,342 shares present. Both directors will serve in accordance with the requirements of the Israeli Companies Law.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of August 2025

Commission File Number: 000-29442

FORMULA SYSTEMS (1985) LTD.

(Translation of registrant’s name into English)

1 Yahadut Canada Street, Or-Yehuda, Israel

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒         Form 40-F ☐

CONTENTS

Results of 2025 Special General Shareholders Meeting

On August 27, 2025, Formula Systems (1985) Ltd. (“we,” “us” or the “Company”) held its 2025 Special general meeting of shareholders (the “Meeting”) at the Company’s offices at Terminal Center, 1 Yahadut Canada Street, Or Yehuda 6037501, Israel. At the Meeting, our shareholders voted on the below-listed proposals, each of which is described in more detail in our notice and proxy statement for the Meeting (the “Notice” and “Proxy Statement”, respectively), which were attached as Exhibit 99.1 to a Report of Foreign Private Issuer on Form 6-K (a “Form 6-K”) that we furnished to the Securities and Exchange Commission (the “SEC”) on July 22, 2025.

Based on the presence in person or by proxy of holders of our outstanding ordinary shares (including ordinary shares represented by American Depositary Shares) constituting a quorum, the following proposals (Proposals 1 and 2 described in the Notice and Proxy Statement) were presented to our shareholders, with the following results based on the requisite majorities for approval of each such proposal under the Israeli Companies Law, 5759-1999 (the “Companies Law”):

1. To elect Mr. Ilan Regev as an external director of the Company, to hold office for a three-year term, subject to, and in accordance with, the provisions of the Israeli Companies Law, 5759-1999, or the Companies Law, and to approve the terms of his compensation; (present at the meeting: 13,859,342 ̶ 13,852,342 participants voted in favor of this proposal of which 9,894,188 are not controlling shareholders of the Company and do not have a conflict of interest, 6,999 participants voted against this proposal and 1 abstained); approved;

2. To elect Mr. Amir Hillman as an external director of the Company, to hold office for a three-year term, subject to, and in accordance with, the provisions of the Companies Law, and to approve the terms of his compensation; (present at the meeting: 13,859,342 ̶ 13,852,342 participants voted in favor of this proposal of which 9,894,188 are not controlling shareholders of the Company and do not have a conflict of interest, 6,999 participants voted against this proposal and 1 abstained); approved;

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	FORMULA SYSTEMS (1985) LTD.
Date: August 27, 2025	By:	/s/ Asaf Berenstin
		Asaf Berenstin
		Chief Financial Officer

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FAQ

What did Formula Systems (FORTY) announce in this Form 6-K?

Formula Systems (1985) Ltd. reported the voting results of its 2025 special general shareholders meeting, where shareholders approved the election of two external directors for three-year terms under the Israeli Companies Law.

Which directors were elected at Formula Systems' 2025 special general meeting?

Shareholders elected Ilan Regev and Amir Hillman as external directors of Formula Systems (1985) Ltd., each for a three-year term, with their compensation terms approved.

How did shareholders vote on the election of Ilan Regev at Formula Systems (FORTY)?

For the election of Ilan Regev, 13,859,342 shares were present; 13,852,342 voted in favor, including 9,894,188 votes from holders who are not controlling shareholders and do not have a conflict of interest, 6,999 voted against, and 1 abstained.

What were the voting results for the election of Amir Hillman at Formula Systems?

For the election of Amir Hillman, 13,859,342 shares were present; 13,852,342 voted in favor, including 9,894,188 votes from non-controlling, non-conflicted shareholders, 6,999 voted against, and 1 abstained.

What is the term length for the newly elected external directors at Formula Systems (FORTY)?

Both Ilan Regev and Amir Hillman were elected as external directors of Formula Systems (1985) Ltd. to hold office for a three-year term, in accordance with the Israeli Companies Law.

Were the compensation terms of the new external directors at Formula Systems approved?

Yes, in addition to electing Ilan Regev and Amir Hillman as external directors, shareholders approved the terms of their compensation as part of each proposal.

Under which regulatory framework were the director elections at Formula Systems conducted?

The elections of Ilan Regev and Amir Hillman as external directors, and the approval of their compensation terms, were conducted subject to, and in accordance with, the Israeli Companies Law, 5759-1999.