TEL-AVIV, Israel, Nov. 1 /PRNewswire-FirstCall/ -- Elbit Medical Imaging Ltd. (Nasdaq: EMITF) ("EMI") today announced the results of the Annual General Meeting of its shareholders held today, Thursday, November 1, 2007, in Tel-Aviv, Israel.
At the meeting, all proposals set forth in EMI's proxy statement dated September 6, 2007 (the "Proxy Statement") sent in connection with the meeting, were approved by the required majorities, except that the following proposals were amended at the request of EMI's shareholders, as follows:
Proposal No. 11 - Grant by Plaza Centers N.V. ("Plaza Centers") of a deed of indemnity to Mr. Mordechai Zisser - the maximum indemnification amount to be granted by Plaza Centers to Mr. Zisser shall not exceed 25% of the shareholders' equity of Plaza Centers based on the shareholders' equity set forth in Plaza Centers' last consolidated financial statements prior to such payment. The remaining terms of Proposal No. 11 remain unchanged.
Proposal No. 16 - Payment of an annual bonus to Mr. Mordechai Zisser -
the calculation of the annual bonus that will be paid to Mr. Zisser was
amended, as follows: (i) 0% of the first NIS 100 million of Profits (as
defined below); (ii) 2.5% of Profits between NIS 100 million and NIS 125
million; (iii) 3% of Profits between NIS 125 million and NIS 150 million;
and (iv) 3.5% of Profits exceeding NIS 150 million. For the purpose of
determining the annual bonus, "Profits" for any year, mean profits of EMI
before taxes, as disclosed in EMI's annual audited consolidated financial
statements for that year, minus such losses before taxes disclosed on EMI's
annual audited consolidated financial statements for all years commencing
2007, that had not alread
|SOURCE Elbit Medical Imaging Ltd.|
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