Business Context and Reporting Period
This Form 6-K filing by Perion Network Ltd. reports on the Annual General Meeting of shareholders held on September 27, 2012, in Tel Aviv, Israel. The filing serves to disclose the outcomes of shareholder resolutions regarding corporate governance and auditor appointments.
Key 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 report on a shareholder meeting and does not contain financial performance data.
Material Changes
No material financial changes or operational updates were reported in this filing. The document focuses exclusively on the ratification of corporate governance decisions.
Management Commentary and Corporate Actions
All proposed resolutions at the Annual General Meeting were duly passed:
- Director Elections: Mr. Avichay Nissenbaum was reelected as an external director for a three-year term. Mrs. Adi Soffer Teeni was elected as a director for a three-year term. Mrs. Tamar Gottlieb was reelected as a director for a three-year term.
- Auditor Appointment: Kost Forer Gabbay & Kasierer (a member of Ernst & Young Global) was re-appointed as the independent public auditor for the year ending December 31, 2012.
- Compensation Authority: The Board of Directors was authorized to fix auditor compensation or delegate this power to the Audit Committee.
Investor Verification Checklist
- Verify the effective start dates of the new and reelected directors' terms (commencing September 27, 2012).
- Confirm the appointment of Kost Forer Gabbay & Kasierer as the independent auditor for the 2012 fiscal year.
- Review the previously filed Form 6-K from August 9, 2012, for the original Notice of Meeting and Proxy Statement details.