Business Context and Reporting Period
This Form 6-K filing by Similarweb Ltd. is dated May 14, 2026. It serves as an amendment and supplement to a previous Form 6-K filed on April 23, 2026, regarding the Company's 2026 Annual General Meeting scheduled for May 28, 2026.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and compensation policy updates rather than financial performance.
Material Changes
- Audit Committee Leadership: Upon the conclusion of the 2026 Annual General Meeting, Mr. Harel Beit-On will step down as a member and chair of the audit committee. His nomination as a Class II Director remains unchanged.
- Executive Compensation Policy: Section 9.1 was amended to mandate that annual cash bonuses for Executive Officers (excluding the CEO) be based on the CEO's evaluation of overall performance using quantitative and qualitative criteria.
- Termination Benefits: Section 10.1 was amended to delete the "special recognition in case of retirement" provision. Consequently, total termination benefits are now fully capped at 24 months' base salary.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, market outlook, or specific risk factors. The primary focus is on clarifying governance changes and ensuring discretionary bonus determinations are grounded in measurable performance standards.
Key Facts for Investor Verification
- Confirm the effective date of Mr. Harel Beit-On's departure from the audit committee chair role following the May 28, 2026 meeting.
- Review the full text of the Proposed Compensation Policy (Exhibit 99.1) to understand the specific quantitative and qualitative criteria for executive bonuses.
- Verify the impact of the removal of the retirement special bonus on total potential termination liabilities for executive officers.