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Gix Internet adopts Nasdaq board governance rules

Ron Silberman and Shoshi Eizenberg Hertz may choose to remain directors through the earlier of their original terms’ end or the second annual meeting.

(Moderate)

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Form Type
6-K

Rhea-AI Filing Summary

Gix Internet Ltd. (GIXI) adopted, effective October 18, 2026, the corporate-governance exemption under Regulation 5D of Israel’s relief regulations for public companies listed outside Israel. The company states it has no controlling shareholder and meets the exemption’s conditions. It will follow Nasdaq Listing Rules for a majority-independent board and the composition of its audit and compensation committees instead of the corresponding Israeli Companies Law requirements.

As of October 18, 2026, Ron Silberman and Shoshi Eizenberg Hertz, previously classified as external directors, are no longer classified that way under the Companies Law. Under the transition rules, they may choose to remain directors until the earlier of the end of their original terms or the second annual shareholder meeting after adoption.

Exemption effective date October 18, 2026 Date the Regulation 5D exemption took effect
Transition period limit Second annual shareholder meeting Directors may elect to remain until the earlier of this meeting or the end of their original terms
Regulation 5D regulatory
"the corporate governance exemption set forth in Regulation 5D"
external directors regulatory
"no longer classified as such under the Companies Law"
Members of a company’s board of directors who are not current employees or executives of the company and who typically have no significant business ties to it. They act like outside referees, bringing independent judgment to oversight of management, strategy, and risks; their presence matters to investors because they can influence corporate decisions, monitor conflicts of interest, and help ensure transparent governance.
controlling shareholder regulatory
"The Registrant has no controlling shareholder"
A controlling shareholder is a person or entity that holds enough voting power in a company—often a majority of votes or decisive influence through agreements—to determine its board, strategy and major decisions. For investors this matters because that control shapes corporate direction, risk and who benefits from deals; like a driver steering a car, a controlling shareholder can speed up or block changes, which can affect minority shareholders’ returns and the company’s value.
transition rules regulatory
"The transition rules set forth in the Regulation"

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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

under the Securities Exchange Act of 1934

 

For the month of: October 2026

 

Commission file number: 001-43362

 

Gix Internet LTD.

(Translation of registrant’s name into English)

 

2 Jabotinsky St, Atrium Tower, 18th floor

Ramat Gan, Israel 5252903

(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 ☐

 

 

 

 
 

 

EXPLANATORY NOTE

 

On October 18, 2026, the board of directors of Gix Internet Ltd. (the “Registrant”) resolved to adopt, effective immediately, the corporate governance exemption set forth in Regulation 5D of the Israeli Companies Regulations (Reliefs for Public Companies whose Shares are Listed on a Stock Exchange Outside of Israel), 2000 (the “Regulation”). Upon adoption of the exemption in accordance with the Regulation, a public company with securities listed on certain foreign exchanges, including the Nasdaq Capital Market, that satisfies the applicable foreign country laws and regulations that apply to companies organized in that country relating to the appointment of independent directors and composition of audit and compensation committees and has no controlling shareholder is exempt from the requirement to appoint external directors or comply with the audit committee and compensation committee composition requirements under the Israeli Companies Law, 5759-1999 (the “Companies Law”). The Registrant has no controlling shareholder (as such term is defined in the Companies Law) and satisfies the conditions of the Regulation for adoption of the exemption. Pursuant to the resolution of the Registrant’s board of directors, the Registrant complies with the Nasdaq Listing Rules in connection with a majority of independent directors on the board of directors and in connection with the composition of each of the audit committee and the compensation committee, in lieu of such requirements of the Companies Law.

 

Effective as of October 18, 2026, upon the Registrant’s adoption of the exemption under the Regulation, the Registrant’s external directors in office, Mr. Ron Silberman and Ms. Shoshi Eizenberg Hertz, are no longer classified as such under the Companies Law. The transition rules set forth in the Regulation provide that such directors have the right, at their option, to remain in office as directors of the Registrant after the exemption under the Regulation is adopted, until the earlier of the end of their original term of office or the second annual meeting of shareholders following the adoption of the exemption under the Regulation.

 

 
 

 

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.

 

  Gix Internet Ltd.
  (Registrant)
     
Date: October 19, 2026 By: /s/Amihay Hadad
  Name: Amihay Hadad
  Title: Chief Financial Officer

 

 

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