Business Context and Reporting Period
This Form 6-K filing by Allot Communications Ltd. (NASDAQ: ALLT) covers the month of February 2007. The report details the outcomes of a Special Meeting of Shareholders held on February 21, 2007, in Hod-Hasharon, Israel.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on corporate governance and board composition changes rather than financial performance.
Material Changes
The primary material changes reported are structural adjustments to the Board of Directors:
- Shareholder Participation: Approximately 54% of total outstanding shares (11,378,152 shares) were represented at the meeting.
- New Appointments: Shareholders elected Ms. Nurit Benjamini and Mr. Hezi Lapid as Outside Directors.
- Resignations: Messrs. Erel Margalit and Yosi Elihav resigned from the Board effective February 22, 2007, to maintain a board size of seven members.
- Compensation Approval: The meeting approved compensation for the new Outside Directors and for existing directors Messrs. Eyal Kishon, Yossi Sela, and Shai Saul.
Outlook, Risks, and Management Commentary
Management confirmed that the resignations of Messrs. Margalit and Elihav were not the result of any disagreement with the Company regarding its operations, policies, or practices. The filing does not contain forward-looking guidance, risk factors, or commentary on unusual items.
Investor Verification Checklist
- Verify the qualifications and potential conflicts of interest for the newly elected Outside Directors, Ms. Benjamini and Mr. Lapid.
- Confirm the specific compensation amounts approved for the directors, as the filing notes approval but does not list figures.
- Review the Company's most recent Form 20-F or 10-K for actual financial performance data, as this filing contains none.
- Monitor future filings to ensure the Board composition remains stable following the transition.