Business Context and Reporting Period
This Form 6-K filing by Allot Ltd. is dated September 4, 2019. The report serves as a corrective submission to the Securities and Exchange Commission (SEC) regarding the company's Annual General Meeting (AGM) scheduled for September 25, 2019. The filing specifically addresses an inadvertent omission in the previously submitted proxy statement.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural filing focused on corporate governance documentation rather than financial performance reporting.
Material Changes
The primary material change disclosed is the inclusion of Exhibit A-1, the "Compensation Policy for Officers and Directors" for the 2019-2021 period, which was missing from the initial proxy statement distributed on August 26, 2019. The filing details specific revisions to compensation ratios compared to the 2016-2018 policy:
- CEO to Average Employee Ratio: Revised from 6.4 to 8.7.
- CEO to Median Employee Ratio: Revised from 7.1 to 9.5.
- Other Executive Officers to Average Employee Ratio: Revised from 2.9 to 4.4.
- Other Executive Officers to Median Employee Ratio: Revised from 3.3 to 4.6.
Except for these specific ratio updates, all other information in the original AGM Form 6-K remains unchanged.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. The document is strictly limited to correcting the record regarding the compensation policy exhibit.
Key Facts for Investor Verification
- Verify the full text of the 2019-2021 Compensation Policy (Exhibit A-1) to understand the basis for the updated executive-to-employee pay ratios.
- Confirm the date and agenda of the Annual General Meeting scheduled for September 25, 2019.
- Note that this filing does not contain updated financial results; investors should refer to the company's Form 20-F or quarterly reports for financial data.