G Willi-Food approves new compensation policy, executive appointments

G. Willi-Food International Ltd. (NASDAQ:WILC), a global food company with a market capitalization of $236 million and impressive 70% stock return over the past year, announced today that its shareholders have approved several key proposals at the Special General Meeting held on Thursday. According to InvestingPro analysis, the company maintains strong financial health with a "GOOD" overall rating. The decisions include the adoption of a revised Compensation Policy and the appointment of top executives for extended terms.

The revised Compensation Policy, which will be effective for the next three years, aims to align the interests of the executives with those of the shareholders and to support the company’s long-term growth strategies. The company’s solid financial foundation, evidenced by a healthy current ratio of 8.16 and minimal debt-to-equity ratio of 0.01, positions it well for future growth. In addition to this policy change, the shareholders have also agreed to the reappointment of Mr. Zwi Williger as the Chairman of the Board and Mr. Joseph Williger as the CEO, each for another three-year term starting from Thursday.

Furthermore, amendments to the terms of office for both Mr. Zwi Williger and Mr. Joseph Williger, which have been in effect since January 1, 2025, received shareholder approval. In a move that strengthens the family’s presence in the company’s leadership, Mrs. Dana Williger Schutz, Mr. Joseph Williger’s daughter, has been approved as the head of marketing from the date of the shareholders’ meeting.

These executive appointments and policy changes reflect the company’s commitment to maintaining stable and experienced leadership. G. Willi-Food, headquartered in Yavne, Israel, is known for its wholesale distribution of a variety of packaged food products worldwide.

The information disclosed in this report is based on a press release statement and has been formally filed with the Securities and Exchange Commission, ensuring that the details provided are factual and not speculative. The report is also incorporated by reference into the company’s Registration Statement on Form S-8, as confirmed by Yitschak Barabi, the Chief Financial Officer of G. Willi-Food International Ltd.

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