Foreign Filer Report • Feb 19, 2019
Foreign Filer Report
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(Name of Registrant)
2 Dov Friedman Street, Ramat Gan 5250301, Israel (Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________
The following exhibit is attached:
99.1 Appointment of new Director.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
B COMMUNICATIONS LTD. (Registrant)
Date: February 18, 2019 By: /s/ Ami Barlev
Ami Barlev Chief Executive Officer
2
EXHIBIT NO. DESCRIPTION
99.1 Appointment of new Director.
Ramat Gan, Israel - February 18, 2019 - B Communications Ltd. (the "Company") (NASDAQ Global Select Market and TASE: BCOM) announced today that the Board of Directors of the Company has accepted the recommendation of the Board of Directors of Internet Gold - Golden Lines Ltd. for the appointment of a new Board member, Ms. Sharon Avidar.
The Board of Directors of the Company considered Ms. Avidar's experience and qualifications, including a review of her signed declaration, and determined that her appointment will be in the best interest of the Company.
The Company's Compensation Committee and the Board of Directors approved Ms. Avidar's compensation terms, which will be the "Fixed Amount" according to the Companies Regulations (Rules regarding Compensation and Expenses of an External Director), 5760-2000, and the Companies Regulations (Exemptions Regarding Companies Traded on Foreign Stock Exchanges), 5760-2000. As a new director, Ms. Avidar will be entitled to be included in the professional liability insurance policy for the Company's directors and officers and to receive the Company's current indemnification and exculpation letter given to all current directors and officers. The compensation approval is in accordance with the Israeli Companies Regulations (Relief in Transactions with Interested Parties), 5760-2000.
The Company's Board determined that the compensation to be paid to Ms. Avidar is identical to the compensation paid to the Company's other directors, including its external directors, and does not exceed the maximum amount prescribed in the Compensation Regulations; the terms of the compensation are consistent with the provisions of the Company's compensation policy, as approved by the Company's shareholders; the compensation is fair and reasonable considering the effort required by a director fulfilling his or her duties, and in light of the extent of the director's expected future involvement in the Company and the responsibility involved in this position in a corporation of the size of the Company.
Sharon Avidar (38) has over 12 years of experience in the Israeli capital market, specializing in passive investment and expertise in leading teams trading various financial instruments and assets. Between the years of 2013-2017 Ms. Avidar served as a director of Meitav Dash Mutual Funds Ltd. Ms. Avidar is an experienced product developer and served as the Head of Product Development in Tachlit Indices. Ms. Avidar also served as the Manager of Tachlit Tracking Funds - Meitav Dash exchange - traded tracking mutual funds with AUM of over three (3) billion NIS.
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