Tower Semi announces extraordinary shareholder meeting on compensation policy

Tower Semiconductor will hold an extraordinary general meeting of shareholders in Migdal Haemek, Israel on Nov. 25, 2026. Shareholders will vote on adopting an amended and restated compensation policy for directors and executive officers. The revised policy keeps the CEO’s maximum bonus upside at 21 months’ salary for company metrics plus 3 months’ salary for individual performance. It also maintains the cap on sign-on bonuses for executive officers at cash or equity worth up to one annual base salary. The proposal raises the maximum annual equity award value to 13 times base salary for the CEO, 7 times base salary for other executives. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tower Semiconductor Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-26-0047