TOWER SEMICONDUCTOR LTD (TSEM) Form 6-K — Oct 13, 2026
Tower Semiconductor filed a proxy statement for a November 25, 2026 extraordinary general meeting to approve an amended and restated compensation policy, after its July 2026 proposal failed to receive the required Israeli Companies Law special majority. After engaging 26 shareholders (roughly 49% of shares) and holding discussions with 11, the board withdrew two contested amendments: an increase in the CEO's maximum bonus upside (which stays at 21+3 months of salary) and an increase in the maximum sign-on bonus (capped at one annual base salary).
Key figures
- Egm date
- 2026-11-25
- 2025 burn rate pct
- 0.7
- Ceo max bonus upside
- 21 months salary (A portion) + 3 months salary (B portion)
- Shareholders contacted
- 26
- Shareholders discussed
- 11
- Market cap increase pct
- 471
- Market cap july2024 usd
- 4500000000
- Target 2028 revenue usd
- 3600000000
- Market cap sept30 2026 usd
- 25700000000
- Target 2028 net profit usd
- 1200000000
- Equity pool cap fully diluted pct
- 10
- Ceo max annual equity salary multiple
- 13
- Trailing revenue through june2026 usd
- 1710000000
- Other exec max annual equity salary multiple
- 7
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