Stratasys will enable shareholders to vote on Nano Dimension’s proposed Board of Administrators at its subsequent Annual Basic Assembly (AGM).
The AGM will probably be held on Tuesday August 8, 2023, at 3:00 p.m. Israel time, at Meitar Regulation Workplaces, 16 Abba Hillel Highway, 10th flooring, Ramat Gan 5250608, Israel, with the document date for shareholders entitled to vote on the Assembly said as Wednesday, July 5, 2023.
Stratasys has confirmed the agenda of the assembly will enable shareholders to elect or re-elect the Stratasys Board of Administrators, who will then function administrators till the corporate’s 2024 AGM – or till their earlier resignation, alternative or removing. Shareholders may have two choices: to re-elect the present sitting Board of Administrators (comprising eight people), or elect a brand new Board, which consists of seven people nominated by Nano Dimension.
The eight-strong Board of Administrators up for re-election embrace: Messrs. S. Scott Crump (a present Stratasys Board member), John J. McEleney (a present Stratasys Board member), Dov Ofer (a present Stratasys Board member), David Reis (a present Stratasys Board member), Michael Schoellhorn (a present Stratasys Board member) and Yair Seroussi (a present Stratasys Board member), and Mses. Ziva Patir (a present Stratasys Board member) and Adina Shorr (a present Stratasys Board member).
In the meantime, the slate of administrators proposed by Nano Dimension consists of: Messrs. Yoav Stern (Nano’s Chief Govt Officer), Nick Geddes (Nano’s Chief Expertise Officer), Hanan Gino (Nano’s Chief Product Officer and Head of Strategic M&A), Zeev Holtzman (a former Stratasys director), Zivi Nedivi (Nano’s President) and Tomer Pinchas (Nano’s Chief Working Officer), and Ms. Yael Sandler (Nano’s Chief Monetary Officer).
Shareholders can solely forged a vote “FOR” the Stratasys Slate or “FOR” the Nano Slate – there will probably be no votes forged “AGAINST” both slate. The slate of nominees receiving a majority of the votes forged “FOR” (excluding abstentions and dealer non-votes) will probably be deemed elected by the shareholders.
The agenda additionally features a vote on the reappointment of Kesselman & Kesselman, a member of PricewaterhouseCoopers Worldwide Restricted, because the Firm’s unbiased auditors for the 12 months ending December 31, 2023 and for the extra interval till the Firm’s 2024 annual common assembly of shareholders, and authorisation of the Board (upon suggestion of the audit committee of the Board) to repair their remuneration.
Stratasys’ Board has unanimously really useful that Stratasys’ shareholders vote for the re-election of its present Board of Administrators and the reappointment of Kesselman & Kesselman.
The votes come after Nano Dimension final 12 months acquired an preliminary 12% of excellent Stratasys shares, and this 12 months made a number of makes an attempt to accumulate the corporate. As Nano Dimension sought to achieve management of Stratasys, it insisted it also needs to have nominated people take their place on the Stratasys Board.
These developments have coincided with Stratasys touchdown a merger settlement with Desktop Steel, and 3D Methods additionally making makes an attempt to accumulate Stratasys.
