Nova Ltd. recently announced a revision to its Proxy Statement for the 2025 Annual General Meeting of Shareholders. The company has decided to amend Proposal No. 3, initially outlining changes to the annual bonus plan for the CEO. The proposed increase in the maximum annual target cash bonus from twelve to fourteen monthly base salaries has been reserved and omitted from the proposal. Nova Ltd. emphasized its commitment to maintaining competitive compensation practices and plans to review its bonus plan framework ahead of the 2026 annual meeting. This decision was communicated through a supplemental proxy statement filed with the SEC.
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